by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
A price increase is sometimes unavoidable — and now might be one of those times as many businesses are dealing with cost increases, supply chain bottlenecks, and labor shortages. The key to implementing a price hike with minimal loss of customers is timing. It’s...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Uncategorized
Special purpose acquisition companies (SPACs) provide an alternate route for start-ups to access public markets instead of initial public offerings (IPOs). Roughly 200 SPACs debuted in 2020, drumming up close to $64 billion in funds. In 2020, there was as much capital...
by Royer Advisors | Dec 11, 2024 | Business Plans, Tax Planning
With fall coming up in a couple of months, it’s time to think about “harvesting” capital gains or losses from sales of securities. In addition, unfavorable tax law changes proposed in President Biden’s American Families Plan (AFP) may create an...
by Royer Advisors | Dec 11, 2024 | Business Plans
In recent years, there has been a surge in ransomware attacks and an even greater acceleration in the first half of 2021. Virtually every type of business is at risk, especially critical links in the manufacturing supply chain. For example, in May 2021, a high-profile...
by Royer Advisors | Dec 11, 2024 | Business Plans
In a competitive retail environment, there’s little margin for error. If your business exhausts its inventory of a key product when it’s most in-demand, you’ll lose out on sales to competitors. And if you err in the other direction, you could be...
by Royer Advisors | Dec 11, 2024 | Business Plans
Workplace safety is a top concern among manufacturers. Without taking COVID-19 into account, the National Institute for Occupational Safety and Health (NIOSH) estimates that occupations within the manufacturing sector account for 5% of U.S. workers. Yet, they...
