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By Garry Hojan Profit = Total Revenue—Total Expenses. The two items listed here are sales and costs. Those are the two levers that adjust the business’s profitability and cost reduction, which has a multiplier effect. The reason for the multiplier effect on profit is as follows: If I cut $100 of non-revenue generating expenses, it […]
Q: What is the best way to reduce costs to drive higher profits? Read More »
By Garry Hojan A: This is an awesome question, and certainly not industry-specific. It affects all of us to one degree or another, no matter what business we are in. Below in this response, I’ll include Google’s response to “causes of feeling overwhelmed in business” so you have some practical tips from the all-mighty ABC
Aerospace manufacturing expert, Garry Hojan, shares why manufacturers should focus on in-house training for the longevity and value of their company.
In-house Training: Why you should train now Read More »
By Garry Hojan Our Solution My first question back to you is: Why are you thinking of expanding into new related industries? The reason I’d ask is because there are many reasons not to expand, like the following: Before deciding to diversify into a new or related industry, thoroughly investigate whether it is truly the
By Garry Hojan Our Solution My expertise is in maximizing revenue and I am not a tax professional, nor do I give tax advice. I’d start by saying anything I include here is from my experience and for informational purposes only and should be checked with a tax professional before you choose to implement anything
Q. How can I minimize tax payments while maximizing revenue? Read More »
by Garry Hojan I’m by no means an expert on this subject, but I did have the opportunity to participate in the 90-minute Charles Schwab 2025 Outlook, where global financial experts discussed this topic in depth. I will share some of that information and my thoughts on how it applies to our businesses.. Potential tariff
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.
JH Aero and Garry Hojan are featured in the December 2024/January 2025 issue of Northwest Aerospace News Magazine. The article, “Business Growth: Small Northwest Machine Shops, how do the big guys notice the small players, and how can machine shop start-ups set themselves up for success?” Read the article: https://joom.ag/4GSd/p8
We are featured in Northwest Aerospace News 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
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
