As many of us know, change is one of life's few guarantees. This is becoming more apparent than ever in the metals industry as we enter into Industry 4.0 and are seeing newer generations join the workforce.
Much thought, intricacy, and strategy is required to craft the ideal bid for your clients. And when bidding is the name of the game, it’s important that you are getting the most out of each one. What are some of the best ways to capitalize and create a larger profit margin on them? These four ways to improve your bids work with many areas of construction, including metal materials.
Here’s a sad truth: We live in a recognition-deprived world of business. If you think we’re wrong, ask yourself, how often do you receive recognition for a job well done? While we hope that your answer is frequently, we have to look at the facts. According to a study done by David Novak, Former CEO of Yum,
Ask 10 random people if they have ever had more on their plate than they could handle. Chances are, 10 exhausted people will answer with a resounding YES. Everybody feels this way at some point. Knowing that you have more work than you do hours to complete it is incredibly overwhelming. Especially if you have deadlines to meet and a reputation to uphold. So, what do you do?
Tommy is new to the world of business. With the passing of his father, he has inherited a struggling automobile parts shop and is now in charge of running the company. Aside from having no prior experience running a business, he is left with a lack of guidance and the overwhelming stress of getting things back on track.
As a business grows over time, so does their list of vendors. What started out as a short list of necessary vendors gradually becomes a list of vendors that often provide overlapping products and services. This is particularly true for businesses that lack a structured strategy for sourcing. Better vendor management can reduce stress and have a positive impact on your productivity.
Making a commitment to focus on workplace positivity will prove beneficial to the entire company. When employees work together toward a shared goal of improving the company, they build camaraderie and maintain a good attitude at work. It's inevitable that feelings of stress will arise on the job. Focusing on the positives will improve employee morale and ensure that the team pulls together to overcome those challenges.
Here are three ways to keep your employee's spirits up when the going gets tough:
David Lyman is definitely a company man. He's will be celebrating 20 years with Boyd Metals in February and has worked in three of our five locations - Ft. Smith, Oklahoma City, and now at Boyd Metals in Little Rock, Arkansas.
Every day, he is focused on putting the customer's needs first. David knows he cannot exceed the expectations of customers by himself - it's a team effort. He relies on his staff and believes in supporting and empowering his team so they can deliver Boyd's best to the client every time.
Our team is our greatest asset at Boyd Metals. We've mentioned it in articles recently, and still believe that it should be a high priority to invest in your team. That doesn't just apply to the managers either. The culture of your company will begin to thrive when employees at every level choose to invest in the lives of their co-workers.
Maybe this is just a good reminder, or maybe you're being exposed to this idea for the first time. Either way, we've compiled a quick list of TedTalks that will give good direction. Enjoy!
Anyone in their 20’s or older understands that as we age and mature our needs change. What we require to succeed and grow both professionally and personally is vastly different in our teens and 20’s than in our 30’s, 40’s and 50’s. The evolution of a company is no different.
Understanding this, Boyd Metals recently started the process of evaluating our own business model to better position ourselves for future growth and to further our goal of excellence in customer service. As part of this process, we announced several staffing additions and changes.