Add Row

Add Element

update

Kozi Checks & Balances
Media Site Home

update

Add Element

Categories

Add Row

Add Element

update

Kozi Checks & Balances TaxTactics News

update

May 24.2025

2 Minutes Read

Small Businesses Chart a Cautiously Optimistic Path Amid Economic Turbulence

The Resilience of Small Businesses Amid Economic Challenges

Despite a backdrop of economic uncertainty, small businesses are showing a remarkable level of cautious optimism in their growth projections for 2025. The latest report by OnDeck reveals that 93% of small business owners anticipate either significant or moderate growth this year, only a slight dip from previous expectations. This resilience reflects the determination of small enterprises to navigate potential threats like tariffs while striving for success.

Strategies to Navigate Tariff-Related Challenges

With 55% of small businesses already taking preventive measures against potential tariff changes, it is clear that owners are not just waiting for the storm to pass. Instead, they are proactively securing their business stability. Many are front-loading their inventory and bolstering their capital reserves, actions indicative of an evolved understanding of economic fluctuations. Jim Granat, Co-President of Small Business at Enova, emphasizes this resilient spirit, stating that small business owners are dedicated to preparing for environmental factors that could disrupt their operations.

The Influence of AI on Small Business Operations

Interestingly, this optimism is accompanied by an uptick in technological adoption. The report highlights that 69% of respondents are utilizing artificial intelligence (AI) tools for marketing purposes, showcasing a significant shift towards digital transformation. Businesses are leveraging AI to enhance efficiencies and engage their target audiences in innovative ways. This adoption trend not only streamlines operations but also amplifies marketing efforts in an increasingly competitive landscape.

Shifts in Lending Preferences: The Rise of Non-Bank Solutions

The OnDeck report also brings to light a pivotal shift in how small businesses are approaching financing. This survey found that a record 76% of owners are choosing non-bank lenders over traditional banking options. This change signifies a quest for quicker, more flexible access to capital that’s crucial for sustaining operational fluidity in a dynamic economic climate. With the innovative use of AI-enabled analytics, lenders are better equipped to assess real-time cash flow, expanding access to the funds small businesses need to thrive.

What This Means for Small Business Owners

For small business owners, these findings offer valuable insights into navigating an unpredictable economic environment. Embracing technology, preparing for challenges, and re-evaluating funding sources can provide the edge needed for growth. As they adapt to these trends, small businesses can transform potential hurdles into opportunities, solidifying their status within the broader market.

Bookkeeping Basics

Write A Comment

Related Posts All Posts

07.19.2025

Transform Your Future: 5 Essential Components of Effective Goal Setting

Update Unlocking Success: The 5 Components of Effective Goal SettingEffective goal setting doesn't just happen by chance; it requires a clear framework that helps you navigate the path to achievement. Here are the five essential components that form a robust goal-setting system, allowing you to transform aspirations into tangible results.1. Clarity is KeyThe first step in setting meaningful goals is achieving clarity. This means defining exactly what you want to achieve. By using frameworks such as SMART (Specific, Measurable, Achievable, Relevant, Time-bound) or OKRs (Objectives and Key Results), you can articulate your goals in precise terms. Clear goals prevent ambiguity, guiding both personal efforts and team collaboration toward a common objective.2. Motivation: The Driving ForceUnderstanding the motivation behind your goals is crucial. What drives you to pursue these aspirations? Connecting goals to your personal values enhances your commitment and boosts your chances of success. The more personal your motivation is, the more likely you are to stay focused, even when challenges arise. Regularly revisiting your motivation keeps your goals aligned with your values, creating an enduring pathway to achievement.3. Measuring ProgressMeasurable outcomes are vital in tracking your progress. Setting specific milestones allows you to gauge how far you've come and what adjustments are necessary along the way. Regularly evaluating these metrics fosters accountability within teams and promotes action. Whether it's through a progress report or a simple checklist, being able to see your advancements keeps the vision of your goal tangible and ignites a sense of accomplishment.4. Anticipating SetbacksEvery journey comes with its bumps. Anticipating setbacks and challenges is an integral part of effective goal setting. Brainstorm potential obstacles you may encounter and develop proactive strategies to navigate them. This foresight not only refines your goals, making them more realistic, but it also prepares you emotionally for the hurdles ahead. Resilience often stems from planning ahead, allowing you to pivot rather than panic when setbacks occur.5. The Power of Accountability and AdaptabilityFinally, accountability is what keeps you anchored to your goal. Enlist the support of a mentor, team member, or accountability partner to help maintain your focus. Meanwhile, the ability to adapt is equally essential. The landscape of your goals may shift; staying flexible allows you to reassess and adjust your strategies effectively without losing sight of the end goal.In summary, a well-structured goal-setting system incorporates clarity, motivation, measurable outcomes, proactive planning for setbacks, and adaptability. By understanding each component, you enhance not just your chances of success, but also the quality of your journey toward achieving your goals. So, are you ready to take your goal-setting strategy to the next level?

07.18.2025

Unlocking Your Business Potential: Why You Should Hire a Virtual Assistant

Update Unleashing Potential: The Power of Hiring a Virtual Assistant In today's fast-paced business landscape, where time is often a luxury, hiring a virtual assistant (VA) can prove to be a game changer for entrepreneurs and small businesses alike. Imagine having the ability to delegate mundane tasks and focus on strategic decision-making—this is precisely what a VA can offer. The Productivity Perspective: Why Every Entrepreneur Needs a VA One of the most compelling advantages of hiring a virtual assistant is enhanced productivity. Small business owners are often swamped with daily operations, leaving little room for growth. By outsourcing repetitive tasks—like email management, appointment scheduling, and social media updates—to a virtual assistant, you free up valuable hours that can be redirected toward strategizing and expanding your business. Consider the following: a survey by Business News Daily highlights that business leaders who delegate effectively report up to a 30% increase in productivity. This shift not only optimizes workflow but directly impacts overall business performance, allowing teams to operate at peak efficiency. The Cost-Efficiency Factor: Saving While Growing Cost is always a concern for small businesses. Hiring a virtual assistant is an economically savvy move. Unlike full-time employees who come with added costs—benefits, office space, and equipment—virtual assistants work remotely, saving you considerable overhead expenses. For example, according to a report from Forbes, engaging a VA can save small businesses upwards of $20,000 annually in operational costs. This cost-preserving strategy doesn’t just lean on the traditional aspects of savings; it opens up access to talented professionals without the burdensome recruitment processes otherwise required for in-house employees. With VAs possessing diverse specialties—from administrative tasks to social media management—you can choose precisely the skills that fit your business needs. Picking the Right Virtual Assistant: Strategies for Success Finding the right virtual assistant isn’t as daunting as it may appear. Digital platforms like Upwork and Fiverr provide easy access to a pool of skilled candidates ready to assist in various capacities. Leveraging referrals from colleagues can also streamline your search, ensuring you identify individuals with proven track records. Once you're close to selecting a VA, instituting a structured hiring process becomes essential. Comprehensive interviews and setting clear job expectations will help align your new assistant with your business goals. A well-defined onboarding approach empowers your virtual assistant to hit the ground running, maximizing their contributions from day one. Looking Ahead: The Future of Work in a Virtual Reality The demand for virtual assistants is only projected to grow. As remote work culture solidifies in various industries, businesses that adopt this model will likely experience significant competitive advantages. The combination of flexibility, access to diverse talent, and operational savings creates a compelling case for VAs as integral members of the workforce. Imagine a future where your business continually adapts and thrives, powered by the skills of virtual assistants who elevate every aspect of operations. By preparing now, you can position your business to take full advantage of what a virtual workforce has to offer. Conclusion: Take Action Today for Tomorrow’s Success If you're feeling overwhelmed with daily operational tasks, it might be time to explore hiring a virtual assistant. The insights provided paint a clear picture of how VAs can enhance your productivity and promote growth. Take that crucial step toward focusing on your business's strategic goals—embrace the benefits of bringing a virtual assistant into your professional landscape.

07.17.2025

Asha Tarry’s Guide to Thriving During the Great Resignation

Update Asha Tarry’s Vision for a Balanced Workforce The Great Resignation has led to a monumental shift in the job market, prompting countless individuals to reevaluate their careers and what truly matters to them. Asha Tarry emerges as a thought leader during this period, advocating for a balanced approach that encompasses both professional aspirations and personal values. Her insights suggest that aligning these two aspects leads to greater fulfillment and workplace satisfaction, a crucial message for both employees and employers in today’s climate. The Importance of Employee Engagement One of Tarry's key messages is the pivotal role that employee engagement plays in retaining staff and fostering a positive workplace culture. Businesses that prioritize open communication and support can create environments where employees feel valued and motivated. Engaged employees are not only more productive but also act as ambassadors for the company's brand, significantly impacting talent attraction efforts. Navigating Flexible Hiring Strategies Given today’s rapidly changing workforce dynamics, Tarry emphasizes the need for businesses to adopt flexible hiring strategies that can appeal to a diverse workforce. By implementing tailored recruitment solutions that resonate with the company’s mission and values, organizations can attract candidates who are not just qualified but also culturally aligned with the team. This strategic approach to hiring is essential for navigating the ongoing challenges of staffing amid the Great Resignation. Enhancing Onboarding Experiences for Greater Retention Tarry stresses the significance of a robust onboarding process, which can enhance employee satisfaction and retention rates. A thoughtful onboarding experience fosters a sense of belonging and equips new hires with vital tools for success. Furthermore, ongoing training and performance evaluations create continuous growth opportunities, thereby increasing job satisfaction and morale within the workforce. Addressing Mental Health and Employee Well-being As discussions around workplace health evolve, Tarry highlights the necessity of prioritizing mental health and well-being, especially for marginalized groups. Creating a supportive environment that acknowledges and addresses workplace stressors leads to healthier, happier employees who are more likely to stay and thrive within the organization. This approach not only contributes to employee wellness but also enhances overall productivity and job satisfaction. The Future of Work: A Call for Transformation In conclusion, Asha Tarry’s insights into the Great Resignation underline a transformative moment for both employees and employers. By embracing strategies that foster alignment of personal and professional goals, enhancing employee engagement, and prioritizing mental health, businesses can thrive in this new landscape. As we navigate these changes, it’s imperative to adopt a holistic view of workplace culture that champions both individual and organizational success.

Small Businesses Chart a Cautiously Optimistic Path Amid Economic Turbulence

The Resilience of Small Businesses Amid Economic Challenges

Strategies to Navigate Tariff-Related Challenges

The Influence of AI on Small Business Operations

Shifts in Lending Preferences: The Rise of Non-Bank Solutions

What This Means for Small Business Owners

Terms of Service

Privacy Policy

Core Modal Title