Volume 15 | Issue 2 | Spring 2015
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2
Is Your Business Batting
A Thousand?
Why You Need A Banker
On Your Team
3 Infographic:
10 Steps To A
Healthy Business
4
6
Know & Grow:
Why Knowing Your Cash
Flow Is Key To Growing
Business Value
Bright Client:
Employers Health
Helping Employers Keep
Happy, Healthy Employees
7
Bright People
Rea’s Employee Highlights
8
Small Business Corner:
Making A Great Catch
Tips for Good Hiring
10
Designing Wisely
Retirement Plans Aren’t
‘One Size Fits All’
12
Investing In Your
Business’s Immortality
Hint: You Can’t
Do It Alone
REGUL TION
RO DBLOCK
Manufacturing Industry Leaders Call For Regulation Reform
H
ave you ever wondered what goes into the cost
of manufacturing a product in America?
Material and labor costs factor into the price of a product. And so do transportation and marketing costs. But did you know that American manufacturers must
also manage costs associated with compliance to increased regulations and government mandates? Unlike their overseas counterparts, American manufacturing
companies are subjected to a variety of regulation roadblocks and, in the interest
of making money, have to charge a little bit more for products that are “Made in
the USA.”
Our economy is directly influenced by the success of the manufacturing industry,
yet obstacles continue to clutter the road toward efficiency and growth. While
many observers expect to see a boom in job creation and revenue generation,
some Ohio-based manufacturers predict that increased regulation, fewer qualified
employees and continued confusion around the Affordable Care Act (ACA) may
hinder their growth rate.
“There’s a wave of manufacturing coming,” said Randy Bennett, president and CEO
of Automation Tool & Die, Inc. (ATD) in Brunswick, Ohio. “But we won’t be ready for
it if we have to focus on what’s going on in the courts instead of what’s going on
in our companies.”
Wanted: A Common Sense Solution
“When legislators implement laws, they don’t always understand how they will impact individual businesses or industries,” said Lee Beall, CPA, Rea’s CEO. “Yet, if
Ohio wants to keep and attract businesses to the state, it needs to uncover these
laws and fix them.”
continued on page 11