Business Planning/Risk Management

Happy New Year Everyone:

I have attached two posting that I hope will help you plan for your New Year activities. So many of us remain unclear what the economy may hold for our future. We are receiving conflicting information from our news sources. With that in mind, I provide two links that I hope you will find useful in your planning and risk management.

One is a SWOT analysis. I have used this before and think it is worth the time investment, especially if you are expanding your business or making signficant capital/business investments. The current economic environment may add additional creativity to our planning as we all may need to have a plan B and perhaps even a plan C to deal with the risks that may face our business.

People seemed split on the status of the economy. Many think we have "turned the corner". While I don't have the answer, I do tend to be cautious in my business affairs (as most CPAs are). The attached US News article may provide a backdrop for things you may wish to consider and watch while performing your business (or personal) SWOT analysis.

I wish you all much success in the New Year.

Eura Tunstall, CPA
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Disclaimer: This blog is not intended be professional advice, accounting, legal or otherwise. Please seek professional guidance. IRS Circular 230 requires that I inform you that the advice contained herein is not intended to be used, and it connot be used, for the purpose of avoiding penalties that may be imposed by the IRS.