Is your business ready for 2023? - Portland Business Journal

Experts share insight from working with small, midsize businesses and takeaways for a successful yearIt’s a new year; a time for fresh starts and looking ahead. But what can businesses expect from 2023?

“The big story for 2022 was inflation and the rising rate environment. We had a lot of conversations about navigating related impacts,” Cabrera said. While there are promising signs in jobs reports, the number of people participating in the workforce has been down for several reasons and companies are still having a hard time finding hourly employees. Meanwhile, larger employers are making cuts, which can signal a downturn ahead. Consumers who have less income to spend, coupled with ongoing inflation, means softer demand for goods and services.

“They are looking at the top line and trying to figure out: Can we manage if we had 10% less revenue? What about having 25% less?” Cabrera said. “It’s important not to overreact to ebbs and flows in the economy, which are natural. Instead, operate with a clear-eyed understanding that margins may further compress for a period of time and be as prepared as possible.

Operate in the here and now: Planning is critical to any business, but remain present and aware of your business needs. Be sure to have a plan to manage cyberthreats and prevent fraud. “We are continuing to see increases in account takeover and business email compromise, and encourage businesses to remain vigilant,” said Albright.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Some retail tenants look to aggressively expand in 2023 - Jacksonville Business JournalDespite lingering uncertainty in the economy, some retailers are preparing to roll out robust expansion plans in 2023 and subsequent years.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Some retail tenants look to aggressively expand in 2023 - Dallas Business JournalDespite lingering uncertainty in the economy, some retailers are preparing to roll out robust expansion plans in 2023 and subsequent years.
Source: DallasBizNews - 🏆 525. / 51 Read more »

New projects in North Texas for January 11, 2023 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Source: DallasBizNews - 🏆 525. / 51 Read more »

New projects in North Texas for January 10, 2023 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Source: DallasBizNews - 🏆 525. / 51 Read more »

See CES 2023's weirdest new technologies | CNN BusinessFrom a drone cam protecting the inside of your house to high tech makeup, Jeanne Moos has some e-highlights from the Consumer Electronics Show. Fakenews Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal. 65 Democrats just voted against a committee to investigate China. Are you paying attention yet?
Source: CNN - 🏆 4. / 95 Read more »