Small Business owners are desperately looking for options to improve financial performance of their respective businesses. With the continued challenges of hiring and retention, the monetary impact of paying for higher labor rates, signing bonuses, health care costs, raw material costs, material lead-time and finally inflation of 9.1% vs June 2021 are huge obstacles. The issue is often the owner is not aware of the assistance that is available. Positive Cash Flow is across the board the biggest challenge of small businesses in today’s economy. As an owner where do you go for help? The answer to this is not that obvious.
The reality is this is the perfect time to reinvent the business to generate adequate cash today, tomorrow and to maximize the value of the business when the owner decides to exit. There are options that will allow the business to recover and compensate a third party with the generated benefits. Continuous improvement is a key part of the needed solution. There are Continuous Improvement experts that will support a business, delay compensation until the business is experiencing the improved performance and will Guarantee the results the business desperately needs.
As you look for solutions look for third Party Partners that put the needs of the business first. If they are willing to guarantee results and delay payment until the business is recovering, this is an indicator of where their interest is. The focus should be on what is best for your business.
https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/05/88–of-small-business-owners-say-inflation-is-impacting-their-bu.html
