Ken Hurwitz


Management | Blog Posts

Where Does the Money Come From?

February 6, 2017 | By Ken Hurwitz

A general security agreement is the document that provides a lender a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, this pledged collateral is seized and sold.

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Metalworking | Blog Posts | Canadian Metalworking

Dealing With Downturns

November 23, 2016 | By Ken Hurwitz

A question I quite often get asked is What are my options if -- for whatever reason -- the equipment on my floor is no longer required, but there is still an outstanding loan or lease that has to be paid?There is no doubt it has been a tough market for a number of industries in Canada recently. The...

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Metalworking | Blog Posts | Canadian Metalworking

Adding Additive to Your Shop

October 26, 2016 | By Ken Hurwitz

Additive manufacturing (AM) is one of the most exciting and interesting technological advances that we have seen in the manufacturing industry for a very long time. What’s even more interesting is how manufacturers are using this technology in their shop to make parts and turn a profit.In...

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Measurement | Blog Posts | Canadian Metalworking

Finance Column: The most common question I get

February 8, 2016 | By Ken Hurwitz

As we start 2016, I thought as an opening article I would answer the most frequent question I am asked by both existing and potential clients as they try to figure out how best to finance their equipment purchases.It's usually a variation of: “Why should I lease, isn’t leasing...

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Metalworking | Blog Posts | Canadian Metalworking

Finance Column: Year-end purchasing advice

December 24, 2015 | By Ken Hurwitz

Now that we are nearing the end of another year, I thought it would be relevant to talk about year-end purchases and how they can best be handled on a company’s financial statements.As the year commences, the market generally starts off slowly, sometimes due to a hangover from December, but...

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Measurement | Blog Posts | Canadian Metalworking

Finance Column: Exploring Alternative Financing

November 16, 2015 | By Ken Hurwitz

One of the biggest struggles Canadian manufactures are faced with, particularly successful ones, is managing cash flow.When business is good and the market is active there are plenty of opportunities to grow your business, whether it is from existing clients or new prospects, but it is managing...

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Metalworking | Blog Posts | Canadian Metalworking

Finance Column: Show Business

October 5, 2015 | By Ken Hurwitz

CMTS is the largest machine tool exhibition in Canada and is held every two years in the fall months in the Toronto area. There will be over 8,000 people attending with more than 700 sellers of machinery, equipment, and accessories.The exhibitors at CMTS spend a lot of time and money on their...

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Metalworking | Blog Posts | Canadian Metalworking

Finance Column: Tips for Success

August 27, 2015 | By Ken Hurwitz

A question I get asked from a lot of customers is what do I see others doing that contributes to their success. Since most of my customers are in essence doing the same things it is easy to spot the differences between the successful shops and ones who have stayed flat or become stagnant.I have...

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Metalworking | Blog Posts | Canadian Metalworking

Finance Column: Working with Canadian Dollars

July 30, 2015 | By Ken Hurwitz

Canadian manufacturers face a number of different struggles inherent to any other business, pressure on margins due to fierce competition, keeping up with the latest technology, holding on to top producers or management, and finding new customers to facilitate growth. In a busy market, like we have...

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Metalworking | Blog Posts | Canadian Metalworking

Steps to achieving machine financing approval

June 26, 2015 | By Ken Hurwitz

The cycle of machine tool purchasing pretty much repeats itself on a yearly basis. Now that we have survived the winter and are into spring many shop owners have a good idea of what their equipment needs will be for the rest of the year. It’s a time when inquires turn into quotes, and the...

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Metalworking | Blog Posts | Canadian Metalworking

Finance Column: One Shop's Story

April 24, 2015 | By Ken Hurwitz

This month I’m using this space to discuss a good client of mine, Douglas Zelaya, the owner of Premium Machining Solutions Ltd. in Toronto, who in a relatively short period of time has grown his business phenomenally. Doug’s success can be attributed mostly to hard work and the...

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Metalworking | Blog Posts | Canadian Metalworking

Securing financing for a new machine

March 19, 2015 | By Ken Hurwitz

In today’s world of manufacturing the competition is fierce, not only is it found from the shop around the corner but also from the shop around the globe, so the best way to maintain an edge is to install the latest and most technologically advanced equipment.The typical shop owner is usually...

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Metalworking | Blog Posts | Canadian Metalworking

Finance Column: Leasing, financing and your business

February 20, 2015 | By Ken Hurwitz

I thought it would be a good idea to reflect back on 2014 and share some of my most frequently asked questions.WHY IS MY BANK NOT INTERESTED IN MY BUSINESS?Well it may not be quite that bad, but pretty much any business has some form of banking relationship, even if it’s just for deposits. A...

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Metalworking | Blog Posts | Canadian Metalworking

Finance Column: Your Balance Sheet

January 26, 2015 | By Ken Hurwitz

I have to admit when Canadian Metalworking offered me the opportunity to write a monthly column I wasn’t sure I could get through the year. However, the year has flown by, and I thought it would be relevant to talk about year-end purchases and how they can be handled on a company’s...

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Metalworking | Blog Posts | Canadian Metalworking

Growing sales through machinery upgrades

December 15, 2014 | By Ken Hurwitz

In today’s world, the challenge for any manufacture is to remain as efficient as possible.Competition isn’t just from the shop around the corner. These days it’s the shop on the other side of the globe. There’s constant pressure to improve internal processes, find employees...

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