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Prepare for Profits – 2025, Part 1 Your Cost Structure May Never Be the Same

December 23, 2024

By Barbara Nuss, CPA
Founder, Profit Soup

Many entrepreneurs recall being caught off-guard when pandemic-inspired business interruptions, labor challenges and supply chain disfunction wreaked havoc with cost structures. How could you see that coming? Nobody could. Not the case today. Astute planners contemplating their goals and budgets for 2025 are already factoring in how pending National policies could impact their cost structure.

What Does Your Crystal Ball Say?

A few key uncertainties have me wishing for a crystal ball. One that could see through the post-election politicizing of important topics. I’d know how to predict the cost impacts of changing labor policies, possible tariffs, housing supply and demand, and deportations and immigration’s effect on labor supply. Unfortunately, I do not have such a crystal ball, so I will do the next best thing; guess, and hedge my bets by paying attention and staying nimble.

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Find Diverse Businesses Easier with DBEsearch.com – A Success Story

April 25, 2024

In 1983, the first Disadvantaged Business Enterprise (DBE) provision was enacted by Congress, requiring the U.S. Department of Transportation to ensure that small disadvantaged businesses must be included as suppliers on federal, state, and local infrastructure contracts. Since then, the policy of helping socially and economically disadvantaged minority, woman, veteran, and disabled owned businesses has expanded.

A 2017 Transportation Act made it a requirement for any government contractor to spend a certain percentage of dollars on diverse suppliers for road, railroad, and other infrastructure projects.

It was this requirement that essentially sent Matthew Reed, President of JCR Construction on the path to create DBEsearch.com. JCR Construction is a utility contractor who builds power lines for various utility companies in the Northeast.

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