The Perfect-Hire Trap

The Perfect Hire Trap
A challenging decision for small businesses to make is the hiring of an internal financial leader. This could arise out of necessity if a key internal person leaves your company, or it could be an intentional action if you have outgrown what you have in place at the moment.… Read More
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Don’t Let Indecision Be Your Decision

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Any entrepreneur can spend 10 minutes scanning economic headlines and find conflicting, often polar opposite information on economic indicators and where the economy is headed. It is indeed a puzzling time for the business owner. And while election years typically bring some uncertainty, this time around, all bets are off.… Read More
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The Most Powerful Question An Entrepreneur Can Ask

Neon question mark glowing on dark background
There is still no more certainty or consensus on where the economy is headed in 2024. Talk of an imminent recession has been about as constant as rising prices over the last 18 months. Certainly on a narrower scale, many businesses, including e-commerce, retail distribution and service businesses have seen growth slow and even decline.… Read More
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The Small Business Inventory Dilemma And How To Get Out Of It

Workers managing inventory in a modern warehouse
Many sectors in the U.S. economy right now are experiencing bloated levels of inventory as the supply chain has caught up and demand in spots has cooled, leading to a bit of a perfect storm. Seemingly long forgotten are the persistent supply chain bottlenecks that disrupted the flow of just about every good resulting from the pandemic.… Read More
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How To Set Your Company Up For Success In A Possible Credit Crunch

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As I interact with business owners on a daily basis, I’ve noticed there seems to be no consensus on just how severe of a recession we will see or what the impact will be. Thus far, the effects of a slowdown have varied greatly by industry.… Read More
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The Recession Roller Coaster And Your Business: Questions To Provide A Path Forward

Roller coaster loop with blue sky and sunburst
Like it or not, as a business owner, you bought a ticket on a wild roller coaster. The only constant in today’s economy is information overload, often resulting in seemingly contradictory conclusions. More and more economists are pointing toward a recession, and perhaps a steeper one, yet, small businesses are, in many respects, not yet slowing down.… Read More
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Recession Or Not, Be Diligent And Move

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There has been talk of a recession for some time. Depending on the data you look at, we may already be in one. CEO confidence has dropped to levels not seen since the beginning of the pandemic. Fear is plentiful, but bravery in the face of headwinds could result in tremendous opportunities.… Read More
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How Small Businesses Can Win During Supply Chain Disruption: Sell Differently

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Kinks in the supply chain have proven to be far more disruptive and lasting than most businesses have anticipated, and according to the latest survey by the National Federation of Independent Business, the outlook is not expected to improve in the near-term.… Read More
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How Small Businesses Can Win During Supply Chain Disruption: Reexamine The Chain Itself

Business team discussing project in modern office
Businesses today are navigating a strained supply chain. To manage this disruption, I have already discussed pricing and planning as two key tools small businesses can leverage. Beyond these, it is also vital for small businesses to understand the multiple levels and aspects of their supply chains.… Read More
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How Small Businesses Can Win During Supply Chain Disruption: Plan For It

Two professional men collaborating with tablet in office
The supply chain disruption is an ever-present part of the morning headlines. Even more concerning is that there are signs on the horizon of the problems getting worse, not better. And unfortunately, because of the perfect storm of headwinds creating the chaos, recent trends are suggesting that the supply chain may not return to normal levels until 2023.… Read More