Small and mid-sized businesses across the U.S. are feeling the strain of new tariffs on imports from Canada, Mexico, China, and on critical manufacturing components such as steel and aluminum. While these tariff policies aim to boost domestic manufacturing and influence international relations, they’re driving up costs for companies that rely on global supply chains.…

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A few years ago, I was introduced to a business owner who radiated success and confidence. His office was a reflection of his accomplishments—modern, bustling, and full of life. He greeted me warmly and ushered me into his conference room, where we began discussing his business and the challenges he faced. Despite his outward success,…

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Building and growing your business didn’t happen overnight. It took years of hard work, dedication, and many sacrifices along the way. The same goes for creating a solid transition and exit plan—it’s not something you can create in a day.  Yet, here’s the surprising part: A survey found that while 67% of business owners expect…

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Just two months into the new year, many companies are already feeling the weight of new tariffs and geopolitical tensions. According to the latest survey from The Conference Board, CEOs worldwide view intensified trade wars as the biggest threat to their businesses. The ongoing tensions between the US, EU, and China are expected to have…

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Do short- and long-term incentives motivate your employees to actively contribute to your business’s  success? Are these incentives just tied to job tenure and security? What alternative approaches could create a more engaged and motivated workforce? Innovating Management Practices in 2025 As we enter 2025, it’s clear that innovative management practices are essential, especially those…

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It seems counterintuitive to cut off branches, leaves, or even roots to get larger, fuller plants. And yet, it’s one of the most important tasks for a thriving, healthy garden. Just like a garden, a healthy and thriving business requires an owner who can tend to the health of their business by pruning or removing…

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What does Beneficial Ownership Information Reporting mean to my business? As part of efforts to curb money laundering, increase transparency of business ownership, and reduce other financial crimes, FinCEN has issued a new rule requiring businesses to report the personal identifiable information of their owners. This is known as beneficial ownership reporting. To comply with…

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In mid-September 2024, the Federal Reserve made a significant move by cutting interest rates by 0.50 percentage points to stimulate the economy, addressing concerns about slowing job growth and inflation pressures. This decision, the first rate cut since the early days of the pandemic, was aimed at stimulating the economy by making borrowing cheaper. The…

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As Election Day approaches, business owners across the nation often find themselves grappling with a heightened sense of uncertainty. With so much at stake, including potential changes to tax structures, shifts in the economy, and fluctuations in consumer confidence, the landscape can feel unpredictable. This period of political transition can significantly influence strategic planning, investment…

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