Whether you have a dedicated marketing specialist or an employee willing to add the responsibility to their plate, check out a few easy steps to grow your marketing efforts.  

Throughout the ongoing COVID-19 pandemic, most EASA service centers were able to continue operating as “essential businesses.” However, it has not been business as usual. You might have noticed at the height of shutdowns that the phone stopped ringing. Perhaps some of your customers shut down plants, and others began to defer capital spending to free up cash. Maybe business has begun to pick back up again, but it might not be at the level you projected for the year. What’s worse, “business as usual” may not return for some time, if ever. Now is the time to explore new opportunities and adapt.

Despite the size of a company or the number of background checks performed, even the most honest employee can make a bad choice that could negatively impact the company. Fortunately, there are controls business owners can put in place to prevent employee fraud.

Regardless of size or legacy, your business may face a crisis. It could be a natural disaster, data breach, workplace fatality or even publicized misinformation about your company. Responding swiftly with complete and accurate information and a plan of action will help you come out on top.

The electromechanical repair and service industry has evolved over decades by reacting to the various changes in the dynamic landscape. These changes are apparent in parallel with the development of evolving maintenance philosophies.

Merchants (sellers) have a decision to make when they set up their business regarding accepted forms of payment. All methods come with risks, but the goal is to mitigate that risk so it is easy to conduct business with customers (buyers). Learn from situations that other EASA members went through.

As leaders, we are responsible for developing those around us to maximize their performance and prepare them for larger roles within our organizations. This facet of management presents several challenges, not the least of which is a shortage of experienced technicians. While we have mostly focused on filling technical positions, we can make a similar case for acquiring management, sales and support talent.

An Association of Certified Fraud Examiners (ACFE) study in 2018 concluded that 30 percent of fraud cases occurred in small businesses, and 60 percent of those did not recover their losses. Those losses were in addition to the regular things that can affect productivity and profits, such as employee morale, brand image, reputation and unforeseen issues like global pandemics. Fraud in small businesses can have a more damaging effect because of smaller scales and profit margins.

Working Group (WG) 27 held a two-day meeting and reviewed comments from committee members on IEC 60079-7 (Ex “e”). The latest draft of IEC 60079-0 and its Annexes were reviewed. Since IEC 60079-14, selection, design and erection of fixed electrical installation was ongoing, the committee proposed the inclusion of an Annex relating to EMC and safety related aspects of converter installations.  

Raising capital or selling a business is time consuming and requires significant preparation well before the first potential financing partner or acquirer is contacted. This presentation provides insights on that preparing for that process.