BETTER, NOT BIGGER: As Industry 4.0 evolves, Michigan’s premier advanced manufacturing expo gains favor among attendees, exhibitorsBy MiBiz Marketing Staff
Grand Rapids & Detroit, MI—Mark Ermatinger never would have guessed a customer-appreciation event would evolve into one of the fastest-growing advanced manufacturing shows in the Midwest.
Sooner or later, every business owner faces the question of whether or not to sell the business. If you own a business, here are three key questions to ask yourself before considering a sale.
Around the world there are an estimated 125 million family businesses – but no one really knows for sure. The Family Owned Business Institute at Grand Valley State University states that the United States is home to 5.5 million family businesses, employing more than 98 million people!
It all started as a part-time job in banking while I was in college almost 20 years ago. I’ve always been interested in business and financial markets. And I’ve observed how the entrepreneurial spirit runs deep in West Michigan.
The manufacturing industry is rapidly approaching a place where only those companies that have implemented automation and robotic equipment will survive. With recent improvements to modularity, flexibility and return-on-investment (ROI), even the most resilient manufacturers have little reason to avoid investing in the technology.
Brandon Marquoit, owner of a commercial printing services business, had reached a breaking point. “We were totally hamstrung and had no more space to grow or run our business,” he stated.
Selling a business and transferring ownership is essentially a financial transaction, but that doesn’t mean it isn’t an emotional one as well. Whether the owner is selling a family business with history and tradition behind it or a business that he or she has built, grown, and nurtured, there’s more than money on the line.
At Gibson we believe that workplace safety is about protecting your business’ most important assets – your employees. Injuries and illnesses in the workplace not only endanger the wellbeing of your people, but they also result in lost work days, decreased productivity, and lower employee morale.
When Dave Gargett first started at Decade Products in 2000, they had very few accounts and one salesperson. That salesperson was Dave. “I was told I would have my own territory and could be based out of my hometown, Grand Rapids, MI. I quickly learned that my territory was the entire USA,” remembers Dave. Flash forward 20 years and Dave is now the National Sales Manager and has six regional sales representatives reporting to him, and Decade Products has grown right along with him.
Join Axios HR and Chemical Bank on March 25th for the first annual Employer of Choice Conference in Grand Rapids, Michigan. The half-day conference will feature special keynote speaker Francesca Gino, author of the New York Times bestseller Rebel Talent. Additionally, industry experts from sponsor organizations will lead targeted breakout sessions on culture development, talent attraction, and building an award winning company culture in 2019. These breakout sessions will equip business leaders with practical tools and methods for becoming true employers of choice in West Michigan.
In the last 5 years, the Michigan manufacturing market has witnessed the introduction of a new collaborative robot (Cobot) on the production floor. Designed to work alongside workers, Cobots are solving the labor problems for companies that have dirty and/or repetitive work.
Good, bad or otherwise, disruption is inevitable. At least, that is what we’ve come to expect. In the modern age, we’ve experienced three industrial revolutions to-date – steam and water power, electricity and assembly lines, and computerization. Yet, another is coming. Are you ready for what’s next?
What is a graduate degree? A graduate degree can be a master’s, specialist, or doctorate degree earned after completing coursework beyond the bachelor’s level.
As a four-student engineering team at Lake Superior State University discovered, ambient lighting rarely fits the bill for sophisticated vision applications.
For some, owning a company is the American dream. At some point in their lives, many Americans will develop and own companies. Some will thrive, and some will fail. For the ones who develop successful companies there will come a time where they will transfer control through sale, retirement, or even death.
Small and medium-sized businesses (SMBs) are forecast to contribute to the rapid, continued growth of the marketing automation industry.
SPONSORED: If your company uses various oils, lubricants and coolants to operate, MB Fluid Services can be an essential partner in helping you keep costs down by reducing your new oil and coolant purchases and maximizing equipment reliability, all while helping the environment.
Entrepreneurs and inventors often find themselves isolated and working alone. If you are ready to get out of your crowded home office and connect with a like-minded community of people, the Muskegon Innovation Hub has something just for you.
Pick up a manufacturing-oriented trade publication these days, and you’ll probably encounter a deluge of material on the latest 3D printers, collaborative robots or new industrial technology that falls under the wide umbrella of Industry 4.0.
Growing in the face of adversity and challenges was a key takeaway message during this year’s 9th Annual Michigan Contractor of the Year (MCOY) Awards, hosted by the American Subcontractors Association of Michigan.
For many small business owners, the idea of trying to manage energy usage and utility relationships can be a bit overwhelming. Would energy efficiency upgrades really impact a bottom line? Who can assist when there are outage issues? Is the price being paid for service at the correct rate?
SPONSORED: Amid a talent crisis, West Michigan manufacturers need to develop a purposeful approach to attracting workers based on company culture and values. Simply being present on social media or posting on the latest job board isn’t enough to appeal to workers in a tight labor market.
The right people. With the right products. At the right time. Brybelly Holdings Inc., an e-commerce and product development company founded in 2004, had that winning combination right from the start. Like many businesses, it started with a friendly connection and an idea.
This is an incredible opportunity for professionals in many different fields looking to work with one of West Michigan’s largest companies.
The most important asset to a company is its data. In the event of a technical failure or glitch, the loss of data, customer records, business plans and intellectual property can be devastating. Statistics show that without proper backups, two thirds of companies go out of business within six months of a data disaster.
Think you know who uses coupons? Think again. Today, Generation X and Millennials are the biggest users of both digital and print coupons.
On September 20, 2018, the American Subcontractors Association of Michigan (ASAM) will be celebrating the 9th annual MCOY Awards at Frederik Meijer Gardens & Sculpture Park.
Sponsored Content: Global market leader Universal Robots transforms factory automation with the new e-Series cobot technologyBy Behco-MRM
In recent weeks, Universal Robots has announced the introduction of the new e-Series Platform robot, which promises to be the most advanced technical product in the cobot space.
So, you’ve cleared all the initial hurdles. You’ve established yourself as a distribution company, you’ve built up your customer base, and you’ve plotted a path for growth. Now it’s time for careful, long-term planning and intentional organization of all of your company’s assets.
Searching for a new lease location, a building to purchase, or even land to build a new facility can be daunting. It is a common misconception to think this endeavor can be handled alone, but in the end, owners or sellers can be taken advantage of without someone acting on your behalf.
Known for their iconic shaker cup used in gyms all over the world, BlenderBottle Company has grown exponentially since first entering the supplement scene in 2000. This Utah-based company manufactures products designed to improve their customers’ everyday lives and fitness routines, and they market their products towards physically active consumers. They are a trusted champion of their customer base, and their products can be found in more than 57,000 retail locations in the United States alone, and are also available worldwide.
One of the great things about being a corporate banker is that you have an opportunity to work closely with a wide range of clients and bring them great ideas that they can use to enhance their business and reach their goals.
Access to, and use of, the internet has become an integral component of everyday life in the 21st century.
When complete, Franklin Partners’ new seven-story office development at 100 Ottawa will cut a very different silhouette in the Grand Rapids skyline.
“We’ve seen astounding growth in the sale of Universal Robots in Michigan. Just last year, Universal Robots’ sales grew by 72%, and there’s no end in sight. The majority of the applications are simple pick-and-place jobs, although, increasingly, we see collaborative robots used in fabrication and quality inspection. More than 90% of the UR cobots sold have been to small and medium sized manufacturers. Cobots help address the skilled talent shortage, enhance quality control in production, and offer safety and ergonomic benefits, all while providing rapid payback on investment.” — Mike Folster – Robotics Product Manager with Behco-MRM
DDoS (distributed denial of service) attacks grew more than 160% in the last year with millions of new malware and ransomware variants each day. The growing volume and sophistication of this cybercrime is driving an estimated security workforce shortage of 1.5 million worldwide in the next two years.