The business landscape has changed dramatically – and sometimes unpredictably – over the past few years. While there is no crystal ball for the future, some trends have emerged that look to stick with us for the foreseeable future. These include a desire for a more robust, protected supply chain, higher interest rates compared to…
No economic data point exists in isolation. Sometimes economic trends overlap and amplify each other; other trends may partially cancel each other out. When multiple trends hit at once, in new ways, the sense of uncertainty can be overwhelming.
For many American businesses, recent economic upheaval has forced them to reevaluate their business models, their assets, and what success looks like. Some industries needed to find ways to stay afloat, while others were slammed with unplanned-for demand.
Most people have heard the personal finance adage that they should have cash equal to 6 months of expenses on hand, in case they lose their job or have an emergency expense. But should businesses? And is it realistic or wise to have that much capital sitting around? The short answers: Yes, and yes. How…
Owning and operating a business is an exercise in creativity, innovation and invention, but when it comes to cash flow, hard numbers need to add up. Depending on the business, knowing if you’re profitable can be simple or maddeningly complex. With a solid understanding of your cash flow, you’ll have peace of mind that things…
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