by Michael Benson, managing director, Stout One of the key decisions a business owner will face is when and how to address a major ownership transition. Owners facing this decision may find that their interests begin to diverge from the interests of the company and will need to weigh the importance of generating liquidity and maximizing the valuation of the business against … [Read more...] about Strategic Alternatives: Insights on Ownership Transitions
Culture
Going for Gold: Safety in the Workplace
by Lindsey Munson, editor, Plastics Business A high percentage of the American workforce represents the plastics industry. With so many in the trade, it is key for companies to place awareness, training and a cultural balance of safety and health at the forefront of their mission. It takes the dedication of every person, every day, whether in the front office or on the shop … [Read more...] about Going for Gold: Safety in the Workplace
Why Can’t We Be Like Cars?
by Will Hinshaw, partner/founder, Captive Solutions & Options What if submitting a receipt for an oil change to the car insurance company for reimbursement was possible? Unfortunately, it is not allowed because routine maintenance is not covered under a car insurance policy. Insurance, by definition, is a contract represented by a policy in which an individual or an entity … [Read more...] about Why Can’t We Be Like Cars?
Techniques for a Successful Mold-Building Partnership
by Gene Mussel, director, Harbour Results, Inc. Today, plastic processors have many challenges to manage to maintain a successful business – from raw material price increases to labor shortages – and, several of these issues are out of leadership’s control. However, one opportunity to drive efficiency and profitability improvement – and can be controlled – is the relationship … [Read more...] about Techniques for a Successful Mold-Building Partnership
Finding and Assessing New Business Opportunities
by Nicole Mitchell, editor, Plastics Business Manufacturing companies across the US are struggling to find the right new business opportunities for their teams – and those new opportunities have to be weighed against current capacity due to labor shortages, increased product cost, transportation issues and more. In the last two years, manufacturers have had to step back and … [Read more...] about Finding and Assessing New Business Opportunities