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Fri, January 31, 2025

Three Key Questions for Small-Business Owners in 2025


Published on 2025-01-31 06:20:48 - Kiplinger
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  • Ensure that bills are paid on time. This is equally important for outflows and revenue collection. Having a solid grasp on accounts receivable and accounts payable will set up your business for success. People are always at the heart of every business; staying on top of bills will improve relationships with vendors, employees and clients.

The article from Kiplinger outlines several critical questions that small business owners should consider in 2025 to navigate the evolving economic landscape effectively. Key points include assessing the impact of technological advancements like AI and automation on business operations, understanding the new tax laws and regulations that could affect financial planning, and evaluating the changing workforce dynamics, including remote work trends and labor shortages. It also discusses the importance of cybersecurity measures as digital threats increase, the potential for new market opportunities due to shifts in consumer behavior, and the need for sustainable business practices in response to growing environmental concerns. Additionally, the article touches on the significance of adapting to global economic changes, such as supply chain disruptions and international trade policies, and the necessity for small businesses to remain agile and innovative to thrive in this new environment.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/business/key-questions-for-small-business-owners-in-2025 ]
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