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Prepare for Profits – 2025, Part 2. 8 Ways to Fight the Profit Pinch

December 30, 2024

By Barbara Nuss, CPA
Founder, Profit Soup

In our recent blog, Prepare for Profits – 2025, Part 1: Your Cost Structure May Never Be the Same, I shared my thoughts about how policy and economic changes might impact cost structures in 2025. I stressed the importance of monitoring your 5-Line P&L. This “Part 2” continuation lists 8 things you should do today to help fight the profit pinch in 2025.

1. Accelerate Equipment Purchases

If you have the financial capacity to act early on purchases you would make in 2025 anyway, you might consider stepping up now.

2. Forecast Your Cash Flow

Talk to your accountant about forecasting cash flow under multiple scenarios so you can plan to have adequate cash reserves or credit lines, Establish a cadence for comparing actual results to budgets by the 15th of each month.

Blooming Success: How the SBDC Helped Taylor Flower Patch Grow

December 10, 2024

At Taylor Flower Patch, our story is one of passion, perseverance, and the power of community support. I’m Jenny Campbell, co-owner of this beautiful flower farm nestled in the heart of Taylor, Mississippi, just south of Oxford. Today, I want to share how the Small Business Development Center (SBDC) transformed our dream into a thriving reality.

From Hobby to Business

Gardening has always been more than just a hobby for me—it’s a way to connect with the earth and bring joy to others. When my husband and I purchased our property, we knew we wanted to create something special. With encouragement from my husband and sister, I began to see the potential of turning my love for flowers into a sustainable business.

From PTSD to Prosperity: How Beekeeping Transformed this Disabled Combat Veteran’s Life

November 27, 2024

When Staff Sergeant Eric Grandon, a 20-year U.S. Army veteran, returned home from multiple combat deployments, he was struggling with the debilitating effects of PTSD. Rather than let the stressors of war consume him, Grandon found solace and purpose in an unexpected place – the gentle hum of honeybees.

In 2014, Grandon founded Sugar Bottom Farm in the small town of Ovapa, West Virginia, starting with just two beehives. Along with his wife Mary and daughter Abigail, Grandon dove headfirst into the world of beekeeping, determined to use this newfound passion as a way to manage his PTSD.

Flying Leap Vineyards: A Veteran-Owned Winery Soaring to New Heights with SBDC Support

November 18, 2024

Flying Leap Vineyards is a remarkable success story of a veteran-owned small business taking flight in the Arizona wine industry. Founded in 2010 by three lifelong friends from the U.S. Air Force Academy – Mark Beres, Marc Moeller, and Tom Kitchens – the company has grown from a small-scale wine grape farming operation to a thriving winery and distillery, thanks in large part to the support of the local Small Business Development Center (SBDC).

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.