We enjoyed this article written by Mark MacLeod and wanted to share. The article highlights that we must find our own growth engine:
Read the article: “When Valuation Doesn’t Matter.”
For more information, contact Chris Arndt at [email protected] or call him at 312.494.7014. Visit ORBA.com to learn more about our Cloud CFO Services.
With employee retention, inflation and a looming recession all front of mind for business owners, it can be tricky to balance the effect labor costs have on your bottom line. In the United States, WTW’s budget planning survey showed companies are projecting an average salary increase of 4.1% in 2023. But, even if your company is included in that estimate, there may be other ways to reduce labor costs.
If there’s one thing we might recommend to new clients when they ask about a possible recession, it’s to consider our fractional CFO services. A fractional CFO (also referred to as an outsourced CFO) is a financial partner to to drive growth when there is an opportunity and to help weather a recession if you see a downturn.
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