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What Are The Biggest Threats To Your Business Finances In 2023?
From:
Elinor Stutz  --   Top One Percent Influencer and Sales Performance Guru Elinor Stutz -- Top One Percent Influencer and Sales Performance Guru
For Immediate Release:
Dateline: Washington, DC
Wednesday, January 4, 2023

 

Photo by Geralt via Pixabay

Attract the Right Job Or Clientele:

What Are The Biggest Threats To Your Business Finances In 2023?

As we start a new year, it is clear that the cost-of-living crisis will continue to threaten businesses and consumers. While it shouldn’t spell the end of your venture, you must take the necessary steps to protect your financial health.

Our collaborative blog provides insights into the biggest threats to your business finances in 2023 with suggestions for handling them. Understanding the biggest threats to the company will give you the best chance of avoiding long-term damage. We offer five tips below to assist with your hopes remaining on high for maintaining positive results.

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The Biggest Threats To Your Business Finances In 2023

Image – Pixabay (CC0)

Attack On The Business

Building a successful business in the modern climate takes a lot of work. Sadly, it will become more difficult if you allow criminals to attack it. Cybercrime is on the rise, and over half of all companies that fall victim to it will cease trading within months. As well as online attacks, you must be prepared to handle threats in the real world. Otherwise, you will find that your reputational damage and direct financial losses put your future at risk.

Unscheduled Downtime

Depending on the nature of your business, downtime could cost you thousands of dollars per hour. Maintaining the workplace is particularly important, as forced closures could cause havoc. If you notice signs of foundation damage, you can visit https://fcsfoundationandconcrete.com/. By scheduling restorations to cause minimal disruption, your company stays far healthier. Meanwhile, choosing a reliable web host that keeps your business online will be vital. 

Image – Pixabay (CC0)

Unnecessarily High Expenses

There is nothing wrong with spending money on the business. However, inflation means that virtually all services have become more expensive. The best response is to cut your manufacturing costs without compromising on quality. It will remove the pressure to increase sales volumes and keep you competitively priced. Whether it is the key to your survival or boosts your bottom line, it is wise to consider how to avoid wasted overheads.

Marketing and Payments 

Marketing is crucial for your business finances because it impacts revenue and expenses. Finding your place in the market will stop you from wasting time and money on audiences who won’t respond. You can also check out https://imagency.com/ to connect with social media influencers who bring clients to the brand. It is also worth investing in remarketing to existing clients as you can often gain quick and cost-effective sales. When thinking about customers, you must avoid defaulted debts, too—credit-check everyone.

Ineffective Workers

Your workforce is arguably the most significant asset at your company’s disposal. Sadly, though, ineffective workers will severely hinder your business. You may encounter a high rate of staff turnover. Given that replacing employees can equate to nine months of wages, it is the last thing you need. The first step is to master recruitment. Ongoing training and recognizing what each does well will encourage longer-term employment. The goal is to engage your employees and do your best to keep them happy. You may encounter a high rate of staff turnover. Given that replacing employees can equate to nine months of wages, it is the last thing you need.

In Conclusion:

Completing the above steps won’t guarantee business success, but it will give you a far better chance of surviving difficult moments. It is essential to embrace the motto, ‘do what you can today to prevent unnecessary harm. The efficiencies of doing so will allow you to focus on what matters most for you, your employees, and your business to enjoy success as you envision it!

For More Insights:   Visit Elinor’s Amazon Author Page

“Communicate to Attract Interest”

Nice Girls DO Get the Sale is an International Best-Seller and Evergreen: A Classic! https://amzn.to/39QiVZwHIRED! How To Use Sales Techniques To Sell Yourself On Interviews is a best seller. https://amzn.to/33LP2pv and helped many to secure the job they desiredVisit Elinor Stutz's Author Page on Amazon: https://www.amazon.com/Elinor-Stutz/e/B001JS1P8S

Authentic Relationships Are Essential

Be A Story-Teller

As the CEO of Smooth Sale, after her near-death experience, Stutz created the motto, 

 “Believe, Become, Empower

 ” Nice Girls DO Get the Sale is an International Best-Selling and Evergreen Book – among the classics;

HIRED! Helped many to secure the job they desired. 

Related Blog Stories: 

Details Matter
Ownership of Finances is Essential

Sales Tips: Your Business Finances In 2023

  1. Confer with financial advisors upfront to mitigate unnecessary financial mishaps.
  2. Incorporate risk reduction strategies for your business finances in 2023.
  3. Watch and read the business news to remain updated on how markets are moving and for alerts.
  4. Hire strategists to create a safety net program that includes a precautionary approach for business.
  5. Speak with counterparts to learn their strategies and apply what you believe will work best.
  6. Create a department dedicated to preventing ransomware attacks.
  7. Ensure all financial connections are secure.
  8. Use password manager software for all accounts and change passwords frequently.
  9. Frequently check your monetary accounts to ensure everything appears as it should.
  10. Celebrate Success!

Today’s insights are provided to help you achieve the Smooth Sale!

RESOURCES FOR PERSONAL AND BUSINESS GROWTH: 

Advisorpedia  Publishes information to help advisors build their practice, and those interested in the markets choose investments and find inspiration.

BizCatalyst360  Presents a life, culture, and biz new media digest serving as a hub of creative expression and personal growth.

CatCat Build your future one skill at a time.

ContactOut is a web-based platform that enables users to search for contact information and uncover contact details, including email addresses, phone numbers, and other personal data.

For Book Lovers Only   For Book Lovers Only introduces you, the book lover, to new and exciting authors and works of fiction and non-fiction.   

GetCiara  Make remote your unfair advantage.

Greg Jenkins Consulting LLC  – Helping organizations realize the value of diversity to build inclusive, evolving, high-performing cultures.

Growth Hackers – Helping businesses from all over the world grow with lead generation, growth marketing, conversion rate optimization, data analytics, user acquisition, retention, and sales.

Inclusion Allies Coalition   “Everyone is welcome here.” Learn more to train teams, and join the advocacy program.

Internet Advisor Find the internet service right for you among 2083 internet providers across 36,380 cities, plus Cellphonedeal compiles great deals on phones, plans, and prepaids to furnish you with the best options in your area.

Kred  Connect with top-rated influencers to learn from and grow your networks.

LinktoEXPERT  “It is not who you know – it is who knows you and what your expertise can do for them plus understands the value of hiring you.” 

Lotus Solution LLC Helps organizations create diversity and inclusion to ensure a fair and just work through customized consulting, training, and keynote speeches.

SalesPop!   Purveyors of Prosperity; how to compete against yourself to excel in your career.

Simma Lieberman “The Inclusionist” helps develop inclusive leaders from the inside out to champion diversity and build equitable, inclusive cultures at every level.

Vunela  Provides a unique opportunity to view Videos and read articles by World Leaders.

WebTalk is the one-stop platform To build your marketplace and grow social connections. 

Women’s Information Network (WIN) An education-and-event-based Global Community of Women Helping Women Worldwide Live Their Best Lives through Celebration, Self-Improvement, and Service.

 

Elinor Stutz, CEO of Smooth Sale, delivers inspirational keynotes at conferences and authored: The International Best-Selling Book, Nice Girls DO Get the Sale: Relationship Building That Gets Results.” In addition to being translated into four languages, it reached the remarkable and unique level of being hailed Evergreen. Stutz’ commitment to community service led to the writing of her second best-selling book, HIRED! How to Use Sales Techniques to Sell Yourself On Interviews.”

Kred proclaimed Stutz as a “Top 1% Influencer for Social Media,.  CEO World Magazine named Stutz as one of “The brightest sales minds to follow on Twitter”.  Bizzhum and NowISeeIt both named the Smooth Sale Blog as one of the “Top 100 Most Innovative Sales Bloggers.”  Stutz consults and speaks worldwide.

Connect with Stutz:

Twitter: @smoothsale  
LinkedIn: Elinor Stutz

Youtube:  Elinor Stutz

Elinor Stutz (she/her/hers)
International Bestselling Author, Top 1% Influencer, Inspirational Speaker
Smooth Sale 
https://smoothsale.net 
https://ElinorStutz.kred


 

 

News Media Interview Contact
Name: Elinor Stutz
Title: CEO, Speaker, Author
Group: Smooth Sale
Dateline: Ashburn, VA United States
Direct Phone: 408-209-0550
Main Phone: 408-209-0550
Cell Phone: 408-209-0550
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