How Will Interest Rates Impact 2024 Business Planning?
Interest rates and inflation have been central topics of discussion throughout 2023. After years of historically low-interest rates, the sudden adjustment to rising rates, combined with uncertainty regarding the economic impacts of those increases, has made it a challenging year for some businesses to navigate.
Tips to Help Businesses Manage Cash Flow Today
The business landscape has changed dramatically – and sometimes unpredictably – over the past few years. While there is no crystal ball for managing cash flow, 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…
Business Planning in a Complicated Economy
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. Effective business planning and risk management strategies to reduce uncertainty in a complicated economy.
Tips for managing cash flow during times of flux
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. Learn valuable tips for managing your cash flow during times of economic uncertainty and fluctuations.
Cash reserves for businesses: How much?
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…