Posts by Matt Patrick
How labor cost impacts your profitability
Like a number of our clients, we are a service-based business. Our ability to be profitable is based on our knowledge and technology, but most importantly, is tied to our team or labor costs. Almost all service-based businesses fall into this category. Labor costs are the most critical and highest expenses we incur, and are…
Read MoreTop 5 Ways to “Inflation-Proof” Your Business
I have been fortunate enough to be in business for 20 years now. During that time, I have not experienced a period of inflation like we are seeing today. If I could go back to the 70s and listen to my parents tell me about what life was like with 15-20% mortgage rates, crazy gas…
Read MoreHow do I provide a company vehicle to my employee?
A long, long time ago when I was interning at a firm in Montgomery, AL back in the *cough cough*… 1990s, the firm I worked for had an awesome perk: when you became a manager, you were eligible to receive a company vehicle. And if you became a partner, you became eligible for an even…
Read MoreChange is Hard!
My kids, ages 16, 14, and 12, have been back at school about a month now. Full speed ahead, super active, and super teenagery (is that a word?). When school starts back, my wife and I’s world just changes. Back to games or practice every night of the week – usually with three kids going in three different directions. We are back to studying late at…
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