If your company is not essential, you cannot operate in most parts of the United States right now due to the crisis caused by the novel coronavirus. While this time at home is upsetting and frustrating, use it to plan ways to improve your company once your area reopens.
Evaluate Your Equipment
Review how long you have had each piece of equipment, such as those that complete your custom machining. Check their last dates of maintenance, and determine if any are close to breaking. With this data in mind, prioritize your spending on new machines or maintenance based on which pieces of equipment bring in the most revenue. Additionally, make sure that your spending on fuel and parts adheres to your budget, and make any necessary adjustments if it does not.
Evaluate Your Safety Standards
In the middle of your busy schedule, it’s easy to let safety regulations slip … Read More