Unless you are in the automobile, home appliances, pharmaceutical, or electronic equipment business, the impact of the US tariffs will be lower than the current media noise. Assuming that the 200% tariff threats settle down, which current trends indicate, with the exception of industries noted, the cost impact is between Read more
Annually we publish our midyear report with data from the US Chamber of Commerce, RSM, the Harris Poll, and other sources. The purpose of this report is to provide data for you to benchmark your company actions with your peers. We begin by quoting the RSM Middel Market Business Index Read more
We have dusted off two previously published blogs focused on uncertainty because the steps recommended worked then and again now. The on and off tariff cartwheel is causing pause everywhere. In the past, the large corporate world was postponing investment, this time the middle market is slowing decisions too. Doing Read more
2024 has brought its share of uncertainty, with geopolitical tensions impacting supply chains and costs. As we step into 2025, one key focus for businesses is how to prioritize and support their teams. The insights shared here are drawn from a variety of trusted sources, including the RCM Middle Market Read more
Despite ongoing economic uncertainty in 2024, recent data from the National Center for the Middle Market at Ohio State University shows the middle market remains resilient and continues to experience robust growth, offering valuable insights for companies across industries. Some statistics worth noting are: YOY (2023-2024) midyear revenue growth of Read more
If you’ve been keeping up with recent economic news, consumer spending has plateaued, construction companies are laying off workers, and manufacturing plants are running below breakeven volumes. John Deere & Co. just announced they are cutting back production and laying off salaried workers. The Wall Street Journal carries daily stories Read more
Over the last 15 months, we have seen a substantial change in middle market companies: they are focusing on internal promotion of staff and setting up executive training programs. Companies are finding it is more cost effective to promote from within rather than chase talent in a seller’s market. They Read more
Near each month’s end, are you able to tell how profitable your company will be? If not, you may not be considering the right variables! Continuous measurement of key business drivers, also known as metrics, is critical in high performing 21st century companies. When the financial statements are published, they Read more
Uncertainty may be a cause for concern, but when was the last time you were truly in a certain world? Your outlook for 2024 depends on your industry, geography, and the extent to which you trust in the accuracy of mainstream media. We subscribe to multiple economic data sources to Read more
If you’re eyeing the prospect of taking over the business your boss owns, recent changes by the Small Business Administration (SBA) might make your goal more achievable. Whether your boss owns the business outright or you’re already a partial partner, the SBA has revised its rules to simplify the financing Read more