Inflation continues to chip away at business profitability and therefore cashflow. What is worse is that it does not seem like it is going away anytime soon. The Fed has maintained its elevated interest rates and the recent stats show inflation is still above the Feds target rate. What should you be doing for your […]
Business Best Practices
Information regarding FinCEN Beneficial Ownership
If you’re a small business owner, brace yourself for a new task on your to-do list. Commencing on January 1, 2024, the initial phase of the Corporate Transparency Act (CTA) takes effect, introducing a fresh federal filing requirement for most corporations and limited liability companies (LLCs), with only a few exceptions. Approximately 99% of small […]
Can Your Company Survive a Disaster?
Fire, floods, hurricanes, earthquakes. When they happen, they can destroy buildings, equipment, and hard-to-replace data, and even injure or kill employees. It can take a business weeks, sometimes months, to resume operations after a disaster. Some businesses never recover. You can’t pin down the time or day when a disaster may strike your business. However, […]
Managing Remote and Hybrid Workers
Whether or not the number of people working from office buildings returns to pre-COVID levels, one thing appears certain: Remote and hybrid work models are here to stay. Business owners and other managers who rely on individuals who are working remotely full- or part-time are refining and elevating their management skills so that they get […]
What’s Your Business’s Fallback Plan?
Like many small business owners, you may plan on working until you are ready to retire. And, once you reach that point, you may expect to sell your business and live off the proceeds. Or, you may have partners or children who can keep the business operating once you are ready to step away. However, […]
How to Increase Productivity in Your Business
Does your business not function as efficiently as you would like? Now is the time to assess your current business setup and improve productivity from both a managerial and employee perspective. Improving Productivity from a Management Perspective Review and Improve Technology As a business owner, you are constantly busy with running your business. This can […]