What happens when a one-off emergency threatens to severely disrupt your business? It’s at times like this that you need access to a working capital loan quickly and easily. Perhaps it’s broken equipment or a big order for which you need to purchase more stock. It may be an unexpected opportunity that would be detrimental [...]
Cutting-edge technology is having a significant effect on the automotive industry, something that obviously affects the shops tasked with performing auto repairs. According to Keubix, a next-generation transportation management system provider, there are five ways technology is shaping the automotive industry: Internet of Things (IoT). The concept of everything being connected to everything has three [...]
If you’re a manufacturer, you know the industry never stays the same for long. New procedures, technologies, and practices are introduced at a maddening pace — making it challenging to keep up, but there are benefits to doing so: working faster and more efficiently to remain competitive and profitable. What are the biggest recent changes [...]
While the construction industry as a whole seems to be booming, subcontractors and specialty trades face some unique challenges, including being asked to meet requirements imposed by larger prime contractors that may be unfavorable to them, such as time constraints, payment terms, and contract provisions. On top of that, the skilled labor pool is aging, [...]
The U.S. construction industry had a banner year in 2018, and experts believe the boom is far from over. The Bureau of Labor Statistics and a report from Timetric’s Construction Intelligence Center forecast construction as one of the fastest growing industries into 2020, with real output reaching almost $1.2 trillion by then. Why? One of [...]
The manufacturing sector has been helping carry the U.S. economy and drive growth in 2018. While the near-term outlook for that trend to continue is strong, there is growing concern about 2019 and beyond, according to many economists. An article from the Association of Equipment Manufacturers notes a number of warning signs suggest significant economic [...]
Whether you’re in the process of starting, expanding or upgrading your medical practice, it’s crucial to understand the current and future economic landscape of the industry. According to Health Carousel, the healthcare profession is in the midst of a period of rapid growth that will have it become the largest and fastest-growing sector in the [...]
While doctors have three qualities that make them great potential loan candidates — strong earning potential, high net worth, and stable income — that doesn’t mean the financing process for medical practices is a piece of cake. The fact is, many physicians get into trouble when borrowing money because they don’t know how; they have [...]
Your small manufacturing business might be surviving today, but what will it take to get you to the next level? The answer to that question is many things — since there are a variety of “spokes” that need to be perfectly placed in your “wheel” to maintain efficiency and support growth. Capital is required to [...]
While there are many different types of manufacturing, its definition — from BusinessDictionary.com — encompasses them all: The process of converting raw materials, components or parts into finished goods that meet a customer’s expectations or specifications. Manufacturing commonly employs a man-machine setup with division of labor in a large-scale production. […]
According to the Construction Intelligence Center (CIC), the pace of expansion in the global construction industry will average 3.7 percent annually from 2018 to 2022. In real value terms, global construction output is forecast to rise to $12.4 trillion in 2022, from $10.4 trillion in 2017. […]
For U.S. manufacturers, implementing or enhancing their digital strategy and assessing the impact of the new tax laws on their business strategy should be high on their priority list this year. These two things are actually interrelated, since the decrease in the corporate tax rate should free up money to invest in digital transformations — [...]
