Business Planning for a Recession: 7 Steps to Recession Proof Business
Inflation, stagflation, recession. While it may sound like doomsday has arrived, there are some things you can do to prepare your business for recession.
How To Forecast & Prepare For Inflation
With inflation soaring to 8.6% in May, every business owner, no matter the industry, should update forecasts with the assumption of higher costs.
There are two things that you can do as a business owner to prepare for inflation and protect your profit. The first thing is to monitor costs and secure your prices from suppliers, either over the short-term or long-term. The second thing is to raise your prices.
Labor Shortages? 4 ways to improve your employee retention strategy.
As we head into 2022 and we hear more from our clients about labor shortages…. We want to break down the ways you can improve employee retention.
7 Creative Ways to Increase Your Cash Flow
In a crisis, restricted cash flow can be a double-edged sword. To stay afloat, a business must improve liquidity for fluctuating priorities. Many will focus solely on cutting costs, but there are a few other ways to get creative with cash flow in a crisis.
6 Ways to Grow Your Business in an Unpredictable Economy
Even the best value proposition doesn’t make your business recession-proof. So how can a business double-down in times of economic uncertainty? Begin with your data and then focus on growth. Here are six ways to grow your business in an unpredictable economy.
Introducing the PPP 2.0. And how to qualify. (Watch the Video).
In case you didn’t know the latest stimulus bill allocated more money to the to the popular PPP loan program that was part of the Cares Act earlier in 2020. And now we have the PPP 2. Here’s how to qualify.
Top 3 Questions to Ask Your Controller Right Now
While the economy begins to cautiously reopen after COVID-related restrictions, there remain plenty of questions and uncertainty for business owners and entrepreneurs. Here are 3 important questions to ask your controller in a post-pandemic market.
Pricing in a Pandemic: Flexibility over Lifetime Value
No this isn’t another article on price-gouging. This is a guide to pricing in a pandemic. There are two sides to the pricing story. Those businesses that remain in crisis-management and those that are seeing a jump in revenue. This guide offers pricing tips for both.