Latest Articles in Management

  • News in the industry hasn’t been very good as of late. While I generally start new years with renewed optimism, I’m realistic about 2008. So Therma-Tru Doors’ David Haddix struck a chord for me when he noted for our industry forecast (page 51), “The future is bright. I just wish we could fast forward.” I share his optimism for the future and that eagerness to move on... more »
  • Current market conditions may slow M&A activity, but financial buyers are still looking at residential building products segment
    Many different factors are currently affecting merger and acquisition activity involving window and door companies. The rise in defaults of sub-prime mortgages has decreased lenders’ willingness to extend new loans to customers that don’t qualify for standard mortgages, affecting the outlook on the residential housing market. The losses suffered by major lenders in this space has... more »
  • In case you came to work today with nothing better to do, let’s chat about ripping off your customers. Not that I’m implying any of my dear readers would do such a thing, but let’s say your evil twin decided to put his toe to the edge of the slippery slope and flirt with some unethical, immoral and perhaps even illegal business practices. The question is this: Even if you put... more »
  • The final parts of the process are internal and external exit strategies
    This article is the third in a three-part series about business transition planning and options. You’ve heard the old saying, “An ounce of prevention is worth a pound of cure.” Well, it’s true, which is why it’s important to stress the planning component of business transition. Who will ultimately run the business? Does a family member currently involved in the... more »
  • Industry companies attracting and retaining key industry players with more than just salary, recruiters say
    Some of the biggest window and door manufacturers have had a rough year. The downturn in the residential housing market has led to layoffs, pushes to streamline operations and slicing of employees’ work hours. But this is not why the headhunters who specialize in the residential fenestration industry are busier this year than ever. Recruiters are not scrambling to find work for displaced... more »
  • Assessing what's best for the company's future, and your own, should be as tactful as running the business itself
    This article is the second in a three-part series about business transition planning and options. Effective planning prepares owners, heirs, employees and customers for future change. It sets the foundation for strategic and operational decision-making and aligns owners’ long-term needs with the goals and objectives of the company and its management. It also improves the opportunity for... more »
  • Being proactive provides more options and helps align the long-term interests of the owner with the long-term direction of the company
    Too often, business owners spend their time working in the business rather than on the business. When the time comes to transition—whether that means turn the company over to the next generation, seeking new investors or selling altogether—they’re shocked at the amount of work involved. Moreover, these business owners generally leave themselves too few options and don’t... more »
  • Over the years, I’ve heard many people say, “We offer the complete package…,” talking about their companies’ products and services. No matter what they’re offering, whether they were a manufacturer, distributor or dealer, that could have been true, and could still be true, depending on the market or customers they serve. Still for many window and door... more »
  • On March 19, David Yancey of Homewood, CA, filed a lawsuit in San Francisco Superior Court alleging that he was misled with respect to the performance and insulating qualities of the gas-filled Andersen windows purchased for installation in his home. He challenges representations as to both initial gas fill and gas retention and claims that NFRC ratings of his windows were inaccurate and... more »
  • There are pitfalls in business combinations, but when executed properly, integration can add substantially to the bottom line
    Economic and industry-specific issues continue to weigh heavy on building materials companies, and many builders are asking for price reductions. To maintain prices and generate profits during a prolonged market slow-down, anxious suppliers, manufacturers and distributors are considering business integration. Integration, as a business strategy, is nothing new. Many antitrust laws,... more »