P L A I N A N D S I M P L E Bright Business Insights
Vol . 10 | Issue 3 | Summer 2024
Dear Readers ,
Where has the year gone ? It ' s hard to believe we are less than 4 months away from 2025 .
As you gear up for business in the new year , there are several key areas for business owners to focus on : people , employee engagement , work-life balance , automation , customer experience , data analytics , cybersecurity , and data protection . Succeeding in 2025 will require more than just keeping up with trends ; the key is proactively adapting and being willing to innovate .
As mentioned in the last edition , I see a year of renewed potential , with the economy regaining its footing and businesses poised for growth despite the uncertainties of new tax policies and the upcoming election .
In each edition of our newsletter , I like to share quotes that speak to our business ethos . This time , I ' ve chosen two : " Take the time to enjoy the little things , for one day you may look back and realize they were the big things ." — Robert Brault " Just one small positive thought in the morning can change your whole day ." — Dalai Lama
In this edition , we ' re excited to delve into a range of topics crucial for your success : Budgeting and Forecasting Series : Part 3 of our comprehensive guide to financial planning and forward-looking . Mastering Inventory Management : Discussing the importance of inventory management , common challenges , and best practices . Year-End Tax Planning : Understanding the why , how , rules , retirement planning , tax credits / incentives , and 2024 tax adjustments that you as a business owner need to be aware of . Securing Your Manufacturing Legacy : Exit Planning : Understanding the importance of exit planning with tips about foresight , unique challenges , and the importance of building a team to cover all aspects of the transition .
I want to call your attention to our Annual Manufacturing Education Day event on the first Friday in October . Mark your calendars for October 4 , 2024 – we ' re only 1 month away ! We ' re already excited and making plans for presentations and the fellowship that will take place .
To wrap up , I would like to wish you well throughout the remainder of the year and remind you that the team at Rea is available at any time to assist with whatever you may need . Please reach out to me or anyone on the Rea team , and we would be happy to help .
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Ryan Brickwood , CMA
Principal , Director of Manufacturing & Distribution Services Rea & Associates r yan . brickwood @ reacpa . com ( 330 ) 264 – 0791