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Money

Small businesses grapple with persistent staff shortage

Published

11 months ago

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Small businesses in the United States continue to grapple with the challenges posed by a tight labor market.

Despite various efforts to rebound from the pandemic, these enterprises are finding it increasingly difficult to attract and retain employees. This labor shortage has led to higher wages, increased competition for talent, and operational hurdles that many small businesses are struggling to overcome.

In the wake of the COVID-19 pandemic, small businesses across the nation faced unprecedented challenges. Many had to close temporarily, leading to layoffs and furloughs.

As the economy reopens, these businesses are eager to rebuild, but they are encountering a significant roadblock: a shortage of available workers. The demand for labor has surged, but the supply has not kept pace, leaving small business owners in a tough spot.

With labor in short supply, small businesses are being forced to raise wages and offer more generous benefits packages to attract and retain workers.

While this may be good news for employees, it’s a challenge for business owners who are already dealing with rising costs.

Additionally, increased competition for talent has made it harder for small businesses to find the skilled workers they need, especially in sectors like hospitality and manufacturing.

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Niche accountants proving essential to e-commerce success

Published

1 day ago

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October 9, 2024

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

2 days ago

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October 9, 2024

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Money

Financial stress deemed a leading cause of relationship breakdowns

Published

3 days ago

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October 8, 2024

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Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s Way, Andrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

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