Recently I was asked to write a quarterly column on financial matters for Forge Magazine. As the name suggests, the magazine serves the forging industry, which is a $36.6B industry that is growing at a modest rate of 1.2% annually. Forging is big business in NE Ohio, where I live, with several companies like Sifco Industries, Wyman-Gordon Forgings, Wiseco, Dyson Corp., Wodin, Viking Forge, Solmet, Ohio Star Forge, Bula Forge, Ken Forging and Canton Drop Forge headquartered here.
In my column, I’m hoping to provide some thoughts and tips to business owners, including how to evaluate and minimize risk, improve and manage cash flow, and how to add value. I also hope to hear from the Forge readers on topics they’d like me to cover.
Peter is an Area President for FocusCFO based out of Akron, OH.