MakingSparks: Why Numbers are Important for Your Manufacturing Business | Mike Payne Part 2, 407

You need to know the “numbers” in your business. Every business owner needs to know that they’re making enough to pay their employees, make and deliver their products, and grow the business. That’s just good business. Non-financial metrics are important, too. A successful business has to focus on quality, safety, customer service, on-time delivery, retention, and even culture. Because if your culture is dialed in, the numbers will prove it. We take a deep look at the different numbers that are important for a manufacturing business to know in this part 2 episode of MakingSparks with Mike Payne.  Also, listen to the end for a BIG announcement. – Matthew Nix Segments [1:00] Recapping part I with Mike Payne [3:13] Everything comes down to numbers [13:59] How to learn the numbers [17:49] How to decide what’s important [26:38] When should you hire someone? [35:20] Introducing “By the Numbers” Resources mentioned on this episode ProFab Alliance Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Om Podcasten

Manufacturing is challenging, but if you are connected to a community of leaders, you can elevate your skills, solve your problems and grow your business! MakingChips was launched in 2014 to equip and inspire the metalworking nation. Hundreds of episodes and a million downloads later, it’s an industry-leading source of information, inspiration, and entertainment for manufacturing leaders of all types. It’s hosted by Nick Goellner, Mike Payne, and Paul Van Metre. They’re joined by a rotating panel of expert guests – including Titan Gilroy (TITANS of CNC), John Saunders (NYC CNC), Mark TerryBerry (Haas Automation), and many more. Join us as we tackle the topics that keep you up at night - leadership, operations, technology, growth, workforce development and culture.