Growth for a business is good, right?
Every year, as business owners enter into the final stretch of tax season, tons of people and small businesses scramble to make sense of their financial statements, figuring out their own deductions, and, well, struggling with some “free” tax prep software. Maybe you have just gone through that this year.
If you’ve spent any time online in the last ten years, you’ve probably heard about the digital nomad. A term coined in the late 2000s, the digital nomad represents a new worker that’s not chained to a desk or a specific office -- they work remotely. Thanks to the development of cheap wifi, dependable laptops, and a millennial lifestyle that values experience and flexibility over stability. Digital nomads have become a staple of the workforce.
We increasingly live in an age that is centered on convenience. Streaming services mean that fewer people go out to the movies, car apps like Lyft and Uber mean that fewer people own vehicles. One space that has seen an online surge are food delivery apps. DoorDash, Uber Eats, and Postmates all advertise that they can get your favorite restaurant’s food right to your door, without you ever getting out of your pajamas.
We’re in the midst of a construction boom. That’s great news for any trade-based businesses like construction companies, electricians, or plumbers, but here’s the thing -- finding the talent to match the demand during these booms can be a huge challenge for any employer. There are just so many variables to weigh out. How many people can you employ during these booms? Can you keep a consistent level of quality in your work? How will these extra employees affect your bottom line once the boom inevitably dries up?