When starting a business, there are several marketing tactics that should be done first to help attract and retain customers. Here are some of the most important ones: Define your target audience: Before you start any marketing tactics, you need to define your target audience. This will help you understand who your customers are, […]
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AI (artificial intelligence) in an office environment
Enhancing Decision Making: AI can analyze large amounts of data and provide insights that can help managers make better decisions. For example, AI-powered tools can analyze sales data to identify patterns and make recommendations for pricing and marketing strategies.
What are some potential IRA audit triggers for small businesses?
If a business consistently reports losses on its tax returns year after year, this could trigger an audit. See #2 above…..you have a multi million dollar house on the water yet your business shows a loss. True story of a childhood friend I knew and their business….never made money but had nice houses.
How can rising interest rates impact your business sale?
Increased borrowing costs: Small businesses often rely on loans to fund their operations or invest in growth opportunities. When interest rates rise, borrowing costs increase, making it more expensive for businesses to access financing. This can limit their ability to invest in new projects, purchase inventory, or expand their business, which can ultimately impact sales.
ChatGPT: How you can use it today in your small business
I wanted to understand its output, viability, potential implications, and possible utilization in the market for small business owners. So here are the 3 top uses for Chat GPT for small businesses…and my small I mean those bootstrapping themselves to growth and market share.