Evaluating Talent vs. Billing: One common pitfall when hiring a senior level executive is realizing after the fact that the talent did not match the billing. To avoid this costly mistake, it is essential to thoroughly vet potential candidates and ensure they have the necessary skills and experience to effectively manage the project. Asking for references and conducting thorough interviews can help in making an informed decision.

The recent decision by the Fed to drop interest rates by 50 basis points has sparked speculation about the state of the economy. Many are viewing this move as a signal that the possibility of a recession may be looming. However, it is important for business owners to carefully consider how this rate drop will impact their operations and bottom line.

he scarcity of skilled workers has reached a point where some businesses are being forced to shut down due to the lack of available help. This has become a major concern for the overall economy as companies struggle to meet their operational needs and sustain growth without access to essential skills.

ransitioning into business ownership can be both exciting and daunting. While the prospect of running your own business is thrilling, it's important to be prepared for potential challenges that may arise along the way. By knowing what to look for and how to navigate these obstacles, you can set yourself up for success in your new venture.

The burden of taxes and compliance reporting on businesses seems to be never-ending. With the introduction of a new report that could result in daily penalties of $500 for non-compliance, it is crucial for businesses to understand their requirements and ensure timely submission.

It's easy for political powers to manipulate information and change metrics to paint a rosier picture of the economy than what people are experiencing in their day-to-day lives. While some may be quick to cheer a drop in the CPI, it's crucial to look beyond the numbers and consider how inflation impacts real people and businesses on the ground.

The leadership changes at Starbucks, with the CEO being replaced by Chipotle's chief, have sparked speculation about the future direction of the company. Will this change in leadership bring about positive results for Starbucks, or will it fail to make a significant impact? It is important for businesses to closely monitor such developments in order to learn from the successes and failures of others in the industry.

Nate Fair is a seasoned financial advisor with over 18 years of experience, specializing in helping business owners make informed decisions to achieve their financial goals. He offers expertise in various areas including cash management, investment planning, retirement and income planning, debt management, risk management, and estate planning.