In the competitive landscape of small to medium-sized businesses (SMBs), profitability hinges not only on revenue generation but also on diligent expense management. In this guide, we'll explore practical strategies for reducing expenses to boost profitability. These cost-cutting measures, backed by reputable sources, can help your SMB thrive in today's challenging business environment. (Read More...)
For small to medium-sized businesses (SMBs), every penny counts. One valuable tool at your disposal is Section 179 of the Internal Revenue Code. This tax provision allows businesses to deduct the cost of qualifying equipment and property in the year they are purchased, rather than depreciating the expense over several years. Maximizing your Section 179 deduction can significantly reduce your tax liability and free up capital for your business. (Read More...)
Artificial Intelligence (AI) is becoming increasingly prevalent in modern marketing. AI-powered solutions can help automate repetitive tasks, analyze customer data and behavior, and generate personalized content and recommendations. Leveraging AI technologies can provide companies with a competitive edge by delivering superior outcomes and streamlining marketing efforts.
If you're intimidated or unsure how to get started with AI, don't worry. Here's your beginner's guide to integrating AI into your strategy. (Read More...)
There’s no turning back from the workplace changes brought about by the “Great Resignation,” according to the expert who coined the term, psychologist Anthony Klotz. A management professor at Texas A&M University’s Mays Business School, Klotz said, “The pandemic brought the future of work into the present of work.”
Workers are taking a step back and considering their true value and worth and demanding more for their time and talent, creating a “Great Reshuffle.” (Read More...)
Many employers have responded to the Great Resignation by increasing their wages ahead of a federal mandate. However, if you’re a small business owner, you may be fearful of how a minimum wage increase will impact your business. There are pros and cons when increasing wages. Here are some things to consider before making a change. (Read More...)
Supply chain challenges are a complex entanglement that’s affecting everyone in 2022. From aluminum to food products and fertilizers to plastic resins, businesses and consumers alike are feeling the strain. Some of the biggest sufferers of these economic disruptions are small businesses. (Read More...)
If there's one constant about healthcare in this country, it's that it is always evolving, thanks to technology and innovation. From streamlining processes to admit or discharge a patient faster to developing a vaccine for COVID-19, these improvements have had direct impacts on patients' lives. (Read More...)
As IT components increase in both number and complexity, businesses have been brought to the threshold of a major transformation—a digital transformation. Gartner reports that IT spend is shifting from traditional components (e.g., PCs, data centers, mobile phones) to maturing components like cloud solutions or “as a service” (aaS) solutions and the Internet of Things (IoT) as it can be leveraged in operations. These and other IT components are catalyzing a change in the role of IT in an organization. (Read More...)