Business Update – November 15, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Businesses take stock of the U.S. economy and see reason to be cautious The level of inventories, or unsold goods, that U.S. wholesalers are keeping on hand fell in September to a 13-month low amid uncertainty about whether the economy can maintain its recent momentum. The US economy may…  Read more

Why good financial advice is a great investment for your retirement

Retirement is a significant milestone that brings with it the need for careful planning and financial security. A well-planned retirement ensures that you can maintain your desired lifestyle without worrying about running out of money. One of the key components of successful retirement planning is seeking good financial advice. Obtaining professional financial guidance can contribute to a secure and comfortable retirement. The Benefits of Good Financial Advice Tailored Retirement Planning…  Read more

Finding the right talent for your business

As a business owner, you know that the right people are crucial to your company’s success. The best employees can help you achieve your business goals, improve your productivity, and drive growth. But finding the people best suited to your team can be daunting, and sometimes it’s easy to hire someone who seems okay, rather than taking the time to find the best fit.  Here are some steps you can…  Read more

Business Update – 8 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. 5 things to know about a stunning week for the economy Here are five takeaways about today’s economy, including why forecasters are cautioning that the strong growth may not last. Biden’s new plan for student loan relief, explained On Monday, the Department of Education announced new plans to forgive billions of…  Read more

Business Update – November 1, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. U.S mortgage rates soar to highest in more than 23 years The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase and driving mortgage applications to a 28-year low, a survey showed. IRS warns…  Read more

Debt management tips for small business owners

For a small business owner, managing finances can be a daunting task. Keeping track of expenses, payments, and cash flow can be overwhelming, especially if you’re dealing with debt too. A business loan, line of credit or a business credit card can help your company hire new employees, purchase inventory, purchase equipment, and finance growth, but too much debt can become an unsustainable expense. Debt management is vital to the…  Read more

Business Update – October 25, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Commerce at the forefront in improving nation’s cybersecurity Improving the nation’s cybersecurity is a priority for Secretary Raimondo and the Commerce Department. Commerce agencies are leading efforts to protect industry and government from current and future cyber threats. Efforts include promoting standards to help organizations manage and reduce cybersecurity…  Read more

Launching a business? Ask these 9 questions

Starting a new business can be incredibly exciting, but it’s important to thoroughly evaluate your business idea before taking the plunge to ensure you’re creating a sustainable and successful venture. To get started, here are 9 questions to consider as part of an overall evaluation process. Save yourself money, time, and heartache down the line by investing a little time now. What customer problem does your business solve? Your business…  Read more

Business Update – 18 October 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. September inflation breakdown: Where are prices rising the fastest? Inflation rose more than expected in September as a spike in the cost of rent and food kept prices abnormally high for millions of U.S. households. The Labor Department said the consumer price index, a broad measure of the price…  Read more

10 concepts every small business owner needs to understand

Even if you have outsourced your financial functions, as a small business owner, it is crucial to have a solid understanding of key financial concepts to work with your advisor and ‘speak their language”. This article outlines several important concepts that every small business owner should be familiar with. Basics of income and expenses As a small business owner, it’s important for you to understand how you generate and spend…  Read more

Business Update – 11 October 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. The Great Mismatch: with millions of open positions, why does the job market feel so dire? Despite what should be encouraging data from the Labor Department, a majority of job seekers are not finding the opportunities they want. The era of confounding economic data and indicators stretches on. US…  Read more

Validate your new business idea with market research

Assessing the viability of your new idea is an essential part of market research. While seeking input from friends and family is common, gathering information from the market itself can provide more accurate insights. Here are 4 effective research tactics to collect accurate information about your business idea: Harness the power of the internet Leverage the power of the internet to explore your chosen market. Investigate your main competitors, their…  Read more

Navigating financial pressure: a guide to asset liquidation for your business

Every business encounters financial challenges at one point or another. But when the going gets tough, just remember that you’re not without options. One practical strategy that can help you weather the storm is asset liquidation. Asset liquidation is a process of converting your business’s tangible or intangible assets into cash, providing you with the vital liquidity to bridge financial gaps until your business recuperates. However, this strategy demands careful…  Read more

Business Update – 4 October 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. With a US government shutdown, what happens to the economy? The U.S. Congress passed a stopgap funding bill late on Saturday government averting shutdown. About quarter of the US GDP is government expenditure. A drop in that spending will have knock-on effect on the economy. What would stay open…  Read more

Business Update – 27 September 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Fed’s Wall of Worry: Government shutdown, UAW strike, student loan repayments and $90 oil Just when Federal Reserve Chairman Jay Powell thought he was making strides in managing inflation, he’s now facing a five-point threat to the economy at the very least. “It’s the strike, it’s the government shutdown, resumption of…  Read more

The ultimate guide to improving business cash flow

In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you’re a start-up finding your feet or a seasoned business, maintaining a steady cash flow can be quite a challenge. But a few small changes can make a world of difference to your cash flow and overall revenue. So, let’s dive into some practical strategies you can implement to boost your cash flow. Get…  Read more

Business Update – September 20, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS halts new ERC processing after flood of bogus claims The Internal Revenue Service said Thursday it’s putting an immediate stop to processing of new claims for the Employee Retention Credit after receiving a surge of questionable claims. The UAW’s big asks, unusual strike strategy, and what this all…  Read more

5 essential steps to crafting a solid business plan

Creating a robust business plan is crucial to the success of any startup. It not just provides a roadmap for your business, but also helps to attract potential investors. Here’s a practical guide to help you put together your business plan. Gather Relevant Information Start by collecting all the necessary information about your business. This includes understanding who will run the business, who will advise you, and a thorough analysis…  Read more

Business Update – 13 September 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Lithium deposit found in US may be among world’s largest, study finds A deposit of lithium recently discovered along the Nevada-Oregon border may be among the world’s largest, having potentially huge implications for the transition to electric vehicles. US recession remains ‘more likely than not,’ Deutsche Bank warns The U.S. economy has…  Read more

How small start-ups can level the playing field against established competitors

Starting a small business is both exciting and daunting. While the entrepreneurial spirit may drive you to take the leap of faith, the reality is that you may be entering a market that has already attracted some large competitors. It can be intimidating to think about competing against larger, more established competitors, but it’s not impossible. Here are some steps you can take to help your small business take on…  Read more

Want to grow your business? Our Free Resources will Help