JH Aero Newsletter posts category
By Garry Hojan By the time this goes out you may have already arranged your customer appreciation for the holiday season, so I’ll speak to last minute ideas as well as the topic in general for future appreciation ideas. A quick Google search will give you a barrage of ideas for customer appreciation, mostly gifts. […]
By Garry Hojan Our Solution I really like questions like this. It shows that you’re thinking about something that many don’t think about or do. I like tackling revenue goal-setting through a relatively quick process. Start by looking at historical financial results. Things to look at gross sales, net sales, gross profit, gross profit margin,
Q. As I gear up for next year, what’s a good way to set revenue goals? Read More »
By Garry Hojan Our Solution I’ll get to the answer to the question in a minute, first I’d like to speak to marketing in general. Perceptions of marketing range the gamut from “we don’t do any marketing,” “we’ve grown through word of mouth,” “marketing is just so people don’t think we’ve disappeared,” to a “no
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
By Garry Hojan Our Solution In the last newsletter, we answered part one of this question. In this newsletter, I’ll answer the second part of the question with an example of federal policy and how it affects us locally. It was 2012 and I still remember it like it was yesterday. I was standing on
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 »
Today’s Manufacturing Question Answered – September 16, 2024 By Garry Hojan Our Solution A: This is a two-part question. The first part speaks to candidates’ skill sets, and the second part concerns the number of candidates. Thankfully there is some crossover between the efforts to increase candidate skills and candidate volume. Strategies to ramp up
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
Today’s Manufacturing Question Answered – August 15, 2024 Q: Inflation is high, and it costs me more to buy raw materials, pay employees, and operate my facility. But I’m locked into a pricing contract with my customer. How do I raise prices? By Garry Hojan Our Solution A: Inflation is a major concern for business
Q: Inflation and Raising Prices Read More »
