Embrace the new year as an opportunity to right-size and improve your business model. Take inventory of your company’s twelve-month trailing revenue performance. Are you experiencing growth or lagging profits? What actions can you take to improve customer satisfaction? Do you have the measures in place to objectively assess the strengths and weaknesses of your business? Obtain professional guidance to address lingering issues before they explode and derail your growth → Carol Phelps Associates
Global Financial Analysts
Welcome 2023
Embrace the new year as an opportunity to right-size and improve your business model. Take inventory of your company’s twelve-month trailing revenue performance. Are you experiencing growth or lagging profits? What actions can you take to improve customer satisfaction? Do you have the measures in place to objectively assess the strengths and weaknesses of your business? Obtain professional guidance to address lingering issues before they explode and derail your growth → Time for a Financial Check-UP
As you settle into 2022 and relax the restrictions imposed by the pandemic, your first inclination may be to resume the economic management strategies you used pre-pandemic. That strategy is ill-advised as the financial landscape has changed in the United States. Increases in commodity prices from raw materials to oil have dramatically affected product costs and eroded profitability. The time is right to inspect your financial posture and take corrective → Leadership in Turbulent Times
As you complete your scan of your business operations and identify areas to strengthen: marketing , business development, employee development, technical acumen, customer retention , etc.………don’t overlook the need to analyze your performance as a leader. Where are you truly on the leadership spectrum from Fantastic to in need of Complete Overhaul? The worldwide pandemic has magnified the cracks and dearth of true leadership in the business community. Fear of → Why Documentation is Key
Entrepreneurs have had to quickly realize the importance of adequate financial record keeping during the current coronavirus pandemic. Many small business owners who desperately needed funding from programs such as the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) to maintain their business operations were denied due to lack of business processes to manage their payrolls, inadequate tracking of business expenses and lack of pre-existing relationships with → Resilency
Resiliency can be defined as 1) capacity to recover quickly from difficulties; 2) toughness and 3) elasticity. For a current business owner that means responding to challenges while maintaining stable business operations: assets, brand, profit, and people. A key to positive elasticity is understanding the strong and weak links in your organization. Data indicates 40% of small and medium businesses fail after a natural or man-made disaster. And for those →