With much of the recent economic news positive and upbeat, the Federal Reserve has embarked on a rate-rising campaign to combat concerns about inflation. Unfortunately, higher interest rates translate into higher costs for many mid-sized businesses.
Of course, interest rates are just one cost that must...
As a middle-market CEO or executive, you have probably learned from first-hand experience how important it is to manage your business in the face of economic uncertainty. It would be nice if everything in business were certain and predictable, but that’s just not how the...
In a recent article – Business Intelligence: Can Your Company Benefit? – I discussed the continuing relevance of business intelligence tools, both today and in the future.
I also described how business intelligence tools focus on assessing historical and current data with a critical goal: gain...
The management dashboard has become a hot business topic in recent years. In the same way that a car’s dashboard has gauges and lights that alert drivers to potential problems, a management dashboard can alert you to problems that might be lurking beneath the surface...
“The only thing that’s constant … is change.” If you’ve been in business for any length of time, you know how true this saying is. With change comes disruption — and dealing with disruptive technology is one of the most challenging things middle-market business owners...
“Business intelligence” has become a hot buzzword in management circles recently. But what exactly does this term mean? CIO.com defines business intelligence as the “leveraging of software and services to transform data into actionable intelligence that informs an organization’s strategic and tactical business decisions.”1
More specifically,...
To meet their ongoing capital needs, owners often turn to banks for a working capital loan.
Most entrepreneurs and owners of mid-sized businesses know all too well the truth of the saying, “It takes money to make money.”
It takes capital to get a new business off...
Your accounting software forms the financial foundation of your business, and outdated accounting software doesn’t have the capabilities required to meet your business’ evolving financial needs both today and in the future.
The fact is, most mid-sized companies change at a much faster pace than their...
Economic optimism has been rampant in the U.S. over the past year or so, with leading economic indicators rising and consumer confidence levels soaring. But healthcare organizations are a glaring exception to all the economic blue sky and sunshine. Uncertainty and frustration due in large...
Much has been written about the many beneficial provisions of the Tax Cuts and Jobs Act that was signed into law last December, including the pass-through entity deduction. Of particular note for businesses is the replacement of the graduated corporate tax rate schedule, with a...