Posts Tagged ‘BJ Lippert’
by BJ Lippert, CPA and Rex Miller, CPA, Partner | Team Members of the Manufacturing & Distribution Services Group
The economy is rebounding. Certain industries have realized greater resurgence than others. Certain companies have experienced better results within a specific industry than others. The general consensus, however, is that most business owners and employees can breathe a collective sigh of relief and return to business as usual. For most companies, a sigh of relief is in order, but beware of business as usual. Usual may no longer be good enough.
As your company rebuilds from the recession, be sure to spend wisely, save wisely, and properly nurture the right business relationships.
Current economic indicators show that the United States is emerging from the recession. Can you feel it? Has your company rebounded and returned to its pre-recession sales and profitability levels? Do you have stores of excess cash and nowhere to spend it? If so, congratulations. Write some checks to your employees as thanks for their hard work and dedication and ignore the rest of this article. But, if your company, like most other U.S. businesses, continues to struggle financially and is looking for creative ways to incentivize key employees.