P L A I N A N D S I M P L E Bright Business Insights
Vol . 11 | Issue 2 | Spring 2024
Dear Readers ,
As we approach the second half of 2024 , I am pleased to report that the US economy entered the year on a strong footing . Multiple indicators of business activity , labor markets , sentiment , and inflation have been moving in a favorable direction . However , we must remain vigilant of headwinds such as rising consumer debt and elevated interest rates that may temper economic growth . As mentioned in our earlier edition , I see this year as one of renewed potential , with the economy regaining its footing and businesses poised for growth , despite uncertainties surrounding new tax policies and the upcoming election .
In this edition , we delve into crucial topics for your success :
Data Analytics : Understand the importance of a data warehouse and its benefits for your business . Enhancing Profitability : Focus on Key Performance Indicators ( KPIs ) to drive your business forward . Budgeting and Forecasting Series : Part 2 of our comprehensive guide to financial planning and forecasting .
Looking ahead , I want to draw your attention to our Annual National Manufacturing Day event on Friday , October 4 , 2024 . We are excited and already making plans for presentations and the valuable networking opportunities that will take place .
In each newsletter , I share quotes that embody our business ethos . For this edition , I have chosen two powerful statements :
" Whenever you see a successful business , someone once made a courageous decision ." – Peter F . Drucker " If you can dream it , you can do it ." – Walt Disney
As always , the team at Rea is available to help you with any needs you may have throughout the rest of the year . Please do not hesitate to reach out to me or any member of the Rea team – we are here to help .
I wish you all the best for a prosperous year ahead .
Ryan Brickwood , CMA
Principal , Director of Manufacturing & Distribution Services
Rea & Associates 230 North Market St . Wooster , OH 44691 r yan . brickwood @ reacpa . com ( 330 ) 264 – 0791