P L A I N A N D S I M P L E Bright Business Insights
Vol . 10 | Issue 4 | Fall 2024
Dear Readers ,
As we wrap up 2024 , I ' m filled with gratitude and excitement following our most successful Manufacturing Day event yet . The energy and engagement from all who attended made it truly special , and I want to personally thank each of you who joined us . Your participation and enthusiasm continue to make this annual gathering a cornerstone event for our manufacturing community . If you missed it , you can view the presentations here : [ LINK ]
In this edition , we explore several critical aspects of manufacturing success that resonated strongly during our
Manufacturing Day discussions : Cash Flow Forecasting : Understanding the vital difference between profit and cash flow , and how proper forecasting can position your business for growth . Legacy Planning : Building a strong foundation for your business ' s future through thoughtful succession planning . IT and Cybersecurity : Protecting your manufacturing operation in an increasingly digital world . Important Tax Alert : Critical information regarding the Ohio Department of Taxation ' s processing issue affecting 2023 individual income tax returns .
I ' m particularly drawn to share two quotes that embody the spirit of our Manufacturing Day conversations : " Success in manufacturing is about managing the present while creating the future ." – Philip Kotler " The best way to predict the future is to create it ." – Peter Drucker
Looking ahead , we ' re already beginning preparations for next year ' s Manufacturing Day event . Mark your calendars - we ' re eager to build on this year ' s success and create an even more impactful experience for our manufacturing community in 2025 . You can also expect to see some changes to how this newsletter may look in the New Year , with the same great content you have come to rely on from Rea .
As we consider the topics in this newsletter , remember that the Rea team is here to support you in implementing these strategies and navigating any challenges you encounter . Whether you need guidance on cash flow management , succession planning , or strengthening your cybersecurity posture , we ' re just a phone call away .
Thank you again for making this year a great one . Here ' s to continued success and growth in your manufacturing journey .
Best regards ,
P . S . Watch for details about our exciting new data analytics dashboard , exclusively available to Rea clients , combining powerful analytics with QuickBooks Online integration .
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Ryan Brickwood , CMA
Principal , Director of Manufacturing & Distribution Services Rea & Associates ryan . brickwood @ reacpa . com ( 330 ) 264 – 0791