Business Vault

Get your Changeovers out of the Slow Lane

Benefits of SMED  (Single minute exchange of dies) WIP and lot size reduction. Finished goods inventory reduction. Improved machine/resource utilization. Whether you are high volume or low volume business, changeovers is one of those things that can sap the living life out of your manufacturing process. An…

This is how not to make a Sale!

This week I was contacted by a Corporate Merchandise Company, a cold call asking for me. When I picked up they went straight into overdrive asking me about my company…it’s a debt collecting business isn’t it? Me??????????? NO. My brain starts going a million miles an hour…

Processes, Growth and Scalability.

I’ve had a number of discussions this past few weeks regarding GROWTH and SCALABILITY. One recurring theme is regarding processes, and when I mention that processes should be standardised, I get the normal “we’re growing and that one size standardisation doesn’t fit and this is a back-office…

Attention! – your Customers could be gone in 60 secs or…

None of this is new and you probably heard it all before, but in my eyes that’s why it’s so important. Sales and Marketing go hand in hand within any business, and every leader/owner should be working on their business (not in it) for a few hours…

Do you have a Growth Mindset or a Fixed Mindset?

The past week or so I have come across the Growth Mindset in two different scenarios’, which made me think how this should be applied to business. The first was with my son and his school, he was invited to an awards ceremony for “achievement in Excellence”.…

Manage by Fact NOT by Emotion

Sounds simple, but are you doing it. We are all guilty of making a decision by emotion, but is this the exception or the norm for you and or your business? Add to this the old classic “but we’ve always done it that way” …… Here’s hoping…

Education and Industry, how do we get it so wrong?

Interesting discussion this week, especially regarding skills for industry. On three occasions this week I’ve been in conversations where comments have been raised by business owners/leaders that the school curriculum is not aligned with what industry needs. How can this be? But, when I think of my…

Manufacturing and The Internet of Things

The Internet of Things – IoT (Wikipedia) is the network of physical objects or “things” embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data. The IoT has created a lot of conversations, some stating it’s all hype, some questioning…

Short Term Vs Long Term Results

Now in anybody’s mind the drive for short term results should be aligned with the long term. But why is it we struggle so much to get this balance right, and to add, it’s never been more needed as it is in the current economic way of…