Your Business Made Simple!

Think about the last product you bought online. What was it? What factors influenced your buying decision? What was the overall experience like?

As a business owner, it’s vital to monitor the pulse of your finances. Still, according to a study performed by the American Productivity and Quality Center (APQC), more than half of all business owners (56%) make decisions without having total access to their financial data. A shocking 80% reported being surprised by sudden changes in cost. 

A total business solution can give you greater visibility and lead to strategic decisions. Below are five tools to help you stay out of the red.

Is a recession coming in 2023? Eric Rosengren, former head of the Boston Fed, admits a recession is “quite likely.”

Inflation, labor shortages, and supply chain disruptions continue to frustrate American business owners, but that doesn’t mean growth is impossible. The following business growth coaching tips can help you navigate today’s challenges and thrive, even during times of economic uncertainty.

Business fraud is on the rise. The Federal Trade Commission reports nearly $8.8 billion in losses during 2022, up from $6.1 billion in 2021. Business fraud lawyers can help you if you’ve been the victim of fraud. But your best defense is to reduce the risk of fraud before it occurs. 

The following tips can protect you and your customers from scammers and other forms of business fraud.

Business owners face an uphill battle. In 2023, business owners continue to fight against rising overhead costs due to inflation, an ongoing labor shortage, and rising interest rates. A 2022 Goldman Sachs survey found 91% of business owners struggled with economic instability and concerns over inflation. While the economy has seen marginal improvements, many economic experts predict at least a “mild recession” in the latter half of 2023. 

This makes financial planning for a business start-up or a well-established organization even more critical until the economy stabilizes and recovers. Financial planning allows your business to remain agile and resilient in the face of these challenges. The following tips can allow you to make the most of 2023 and empower you to thrive in any economic climate.