Third in a four-part series
Business owners contemplating an ownership transition should consider what will be required to complete a successful transaction carefully.
Today’s metal service centers face increasing challenges: metals pricing instability, consumer demand inconsistency, financial performance pressure and tax, legal, human capital, regulatory and other administrative issues.
A majority of metal service centers deliver products to customers using a vehicle fleet. A delivery fleet can provide value, but there is operational exposure that should be safeguarded properly against potential loss.
Metal service centers and metals-related businesses know about change, from large fluctuations in metals prices and surcharges to inconsistent demand levels, consolidation, and regulatory and compliance issues.
The impact of a human body colliding with steel products being lifted or carried with an overhead crane or lifting device is usually devastating.
Usually business sales are once-in-a-lifetime events. For many business owners, the prospect of selling their business after years of hard work can be emotional and difficult.
Anyone who has spent any time in the metals industry has conducted accident investigations, and in most cases, moved through the process quickly to address the next issue on the proverbial to-do list.
An effective employee safety program brings several benefits to a metals business, regardless of size. Let’s look back at how safety leadership practices began centuries ago.