Growth for a business is good, right?
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.
The current government shutdown is affecting all kinds of nationally funded programs, but nowhere is it more evident than how it has shaped tax season this year. Already different because of the passage of the Tax Cut and Jobs Act, the real monkey wrench comes from the fact that 800,000 federal workers in nine different departments aren’t able to work. These departments include Agriculture, Commerce, Justice, Homeland Security, Housing and Urban Development, Interior, State, Transportation, and Treasury
You’ve grown your business, take pride in a satisfied customer base, and have increased profitability year after year -- what’s the problem with that? As the poet Biggie Smalls once so eloquently rapped, “Mo money, mo problems.” While it’s obviously the goal to succeed as a business - and profitability is part of that equation - here’s how too much profitability can hurt your business -- and where you can get the help you need.