For business owners, the last few years have introduced one challenge after another. After working through the COVID-19 pandemic and inching toward recovery and some sense of normalcy, they were faced with supply chain disruption, inflation, rising interest rates, global unrest and market uncertainty – roadblocks that have been slow to dissipate.
And while it’s easy to work in a reactive capacity even in the best of times, business owners looking to thrive in 2023 and beyond would be well served to take a proactive step by shoring up their foundational elements, both in anticipation of further uncertainty and as a sound business practice.
Throughout our history of working with business owners, we have found that taking action on these four core tactics has the biggest positive impact on both the business’s future and the business owner’s personal financial wellbeing.