A deficit occurs when the federal government’s spending exceeds its revenues. The federal government has spent $1.06 trillion more than it has … Read more about Tax Proposals Impacting Small Business: Be Very Afraid
Stagflation: What It Is and How to Survive It
From 1973 to 1982, the U.S. economy experienced stagflation, which is a period of high inflation combined with low economic growth. During this … Read more about Stagflation: What It Is and How to Survive It
Growing Your Business: Offer New Products and Services
Each year for the past several years, I’ve run a series of articles throughout the year on a single main topic and this year’s topic is devoted to … Read more about Growing Your Business: Offer New Products and Services
Recession-Proof Your Business: What Did You Learn from 2023?
Talks of a coming recession in 2024 continue. Will a recession occur? A former president of the Kansas City Federal Reserve Banks puts the odds at … Read more about Recession-Proof Your Business: What Did You Learn from 2023?
PEST Analysis and What It Means to Your Business
What is PEST analysis? It’s not an examination of whether there are ants or rodents on your premises. PEST stands for Political, Economic, … Read more about PEST Analysis and What It Means to Your Business
Recession-Proofing Your Business: Making Strategic Plans
Each year for the past several years, I’ve run a series of articles throughout the year on a single main topic and this year will be devoted to … Read more about Recession-Proofing Your Business: Making Strategic Plans
The Good, The Bad, and The Ugly in the Inflation Reduction Act
On August 12, 2022, Congress passed the Inflation Reduction Act (I.R.A.), a $739 billion measure intended to bring down inflation, encourage green … Read more about The Good, The Bad, and The Ugly in the Inflation Reduction Act
5 Ways to Recession-Proof Your Business
Are we in a recession, which is defined as a significant decline in economic activity or two consecutive quarters of GDP contraction (something we’ve … Read more about 5 Ways to Recession-Proof Your Business
Recovery Strategies: Staying Positive
It’s axiomatic that small business owners are optimists who, as Winston Churchill said, “see the opportunity in every difficulty.” Why else would they … Read more about Recovery Strategies: Staying Positive
Plan Your Holiday Sales Strategies Now
Kiplinger forecasts that the child tax credit payments being sent to parents each month from July through December will support more consumer spending … Read more about Plan Your Holiday Sales Strategies Now
5 Ways Inflation May Impact Your Business
For the past decade, inflation has been very modest (only 1.23% in 2020, 1.81% in 2019, and 2.44% in 2018). But things are changing. In June, the … Read more about 5 Ways Inflation May Impact Your Business
How to Compassionately and Legally Break Promises to Your Staff
At the end of February 2020, the federal unemployment rate was 3.5%. At that time, business owners were looking for ways to attract and retain valued … Read more about How to Compassionately and Legally Break Promises to Your Staff
COVID-19 and Small Businesses: 5 Big Surprises
In just a couple of months, the small business landscape has dramatically changed, in some instances forever. The medical impact of COVID-19 continues … Read more about COVID-19 and Small Businesses: 5 Big Surprises
Preparing for Economic Changes: Staying Alert
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” - Jimmy Dean. No one knows how the economy … Read more about Preparing for Economic Changes: Staying Alert
Preparing for a Recession
Why would you consider thinking about a recession when we’re in the middle of a boom economy? Because every boom is followed at some time by a bust. … Read more about Preparing for a Recession
