CUSTOMERS DRIVING THEIR BUSINESS FORWARD

Success rarely happens by accident. Business leaders should be well underway with their planning for 2024 and mapping out goals and strategies for growth. As you think about your plans, here are five key areas to keep in mind. 1. New Laws and Regulations There are new laws and compliance regulations every year and 2024 is …

It seems like every day, there’s a new economic forecast that causes concern. Maybe you have that feeling in your gut that things might not be going as well as they could. New Direction Capital can help you navigate your financial challenges and inject some confidence back into your decision-making. Take the first step and …

Your company seems to be off to a good start. You’re making sales and acquiring new customers. The problem is that you’re not sure what’s going to come next or what you need to do to help your company grow and become profitable in the long run. For many business owners, whether they’re completely new …

Every company gets in a rut sometimes. Sales may stagnate, and your revenue may stop climbing. You’ve hit a plateau and can’t seem to move up. What your company does while it’s on a plateau makes the difference—some companies end up going under while others manage to pull themselves up and to the next phase of …

Imagine your company as a vehicle (you can choose which one). As the CEO, you’re the driver or pilot of that vehicle. When you first start out, you know the area and terrain. You can easily navigate your company to where it needs to go. In many cases, you may arrive at your destination earlier …

One of the most common challenges business owners face is getting stuck. The company may seem like it’s not growing, the owner may not know what to do next or it may be a combination of both things. When you work with a virtual CFO, the goal is to get your company unstuck and help …

You’ve always been told to dream big and to want the best for your company. As a CEO, that type of approach to operating a business has some benefits but can also come back to bite you. For your company to succeed, you must find the right balance between aiming high and understanding what’s possible. …

Since 2020, the number of people who work from home has increased. What started out as a necessity in an era of lock-downs has shifted into a bit of a battleground between CEOs and their employees. While those who can remotely often want to continue to do so, the CEOs of many companies want their …

An already pretty tight lending environment has gotten even tighter in recent months. According to the Federal Reserve’s Senior Loan Officer Opinion Survey on Bank Lending Practices, 46% of banks stated that they had tightened their lending standards somewhat. An additional 4.8% said they’d tightened their standards considerably. By “tightening standards,” a bank may mean that …

Ever since the release of ChatGPT at the end of 2022, the business world has been buzzing about the potential and potential problems of generative artificial intelligence (AI). As a CEO, you may be wondering how the use of AI can benefit your business and perhaps even more importantly, how it could hurt your business. …

What does it mean to be a CEO? For many people, taking a top-level position with a company is equated with long hours, weekends at work, and too many responsibilities. But the stereotypical expectations of a CEO often do more harm than good. Burnout is common in the C-suite, even though it’s possible to avoid …

There have been a lot of employment trends in the news lately, from the Great Resignation to Quiet Quitting to Quiet Hiring. One trend that’s making the rounds now is the four-day workweek. In 2022, about 10% of companies offered a four-day workweek and nearly two-thirds of employees surveyed said they’d quit their current job …