Manufacturing Financials

If you own or operate a manufacturing business, Garry Hojan provides expert advice on managing financials.

Photo of manufacturers in a meeting

Q. My business is growing, when is the best time to invest in new equipment in the factory?

Our Solution By Garry Hojan The “best” time to invest in new factory equipment is when it is really needed. This could be right now, in the future, or not at all. “Really needed” should be defined in your business by evaluating your individual situation. I always caution when it comes to anything on the […]

Q. My business is growing, when is the best time to invest in new equipment in the factory? Read More »

How will the election impact your business?

Q. How much impact will the presidential election have on my manufacturing business?

Our Solution By Garry Hojan A great and timely question. Aerospace and manufacturing have an interesting overlap of government and business, which involves policies that cross the aisle. The 2024 presidential election could significantly impact your aerospace manufacturing business in several ways: The regulatory environment: Different parties and candidates have varying approaches to regulations that

Q. How much impact will the presidential election have on my manufacturing business? Read More »

Q: As a business owner, what is the fastest way to understand my financials and profitability?

Today’s Manufacturing Question Answered – August 30, 2024 By Garry Hojan Our Solution A: Let’s take an analogy of business health being like physical health. If people are the muscles, then money (finance) is the lifeblood. 82% of the time, businesses die due to a lack of money, and understanding it is crucial. Revenue, and

Q: As a business owner, what is the fastest way to understand my financials and profitability? Read More »