CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
1021223-00006-00
Avraham "AY" Rappaport, CLTC
President, Financial Professional
Yaniv "Jay" Natanov
President, Financial Planner
Eli Rappaport
Vice President, Financial Planner
Shlomo Rosenstein
Financial Professional
Ozzie Marizan
Financial Planner
Joseph Greer
Employee Benefits Administrator
Dylan Pinsky
Client Relations Manager
Premier Financial
6395 Dobbin Road, Suite 102
Columbia, MD 21045
Phone: 240-309-6001
Email: dylan.pinsky@prudential.com
Website: premierfinancial1.com
January/February 2024
Prepare Your Business for a Profitable Year
Your business isn’t static; it changes over time. Assessing where you are and where you want to be should be an annual activity. As the new year begins, consider whether any of the following aspects of your business could benefit from an update. Then consult your financial and tax professionals to learn more about how you can increase profitability.
Cash Flow Projections
Running low on cash can jeopardize your business’s ability to meet expenses and achieve goals. By estimating monthly cash inflows and outflows, you will have a realistic picture of your business’s financial outlook. Follow through by tracking income and expenses throughout the year and making adjustments when needed.Help from Technology
You may be able to increase your business’s productivity and profits by using business software. Automating key activities, such as customer relations, finance, inventory and human resources, saves time and allows you to focus your energy elsewhere. A website that drives business is also essential in today’s business climate. Engaging professional help with website design, content generation and social media presence may make your business more competitive.Performance Goals
Bringing employees on board with company goals is the purpose of a performance management plan. Establish criteria for linking an employee’s work performance and earnings to specific milestones that reflect the goals of your business. The plan also can help you identify training needs, make objective staffing and compensation decisions and spot talented employees.Written Procedures
Your business may have an unwritten set of procedures that you and your employees follow automatically. But what about new employees who join your company? Standardized written procedures can serve as a guide for both new and current employees. If your company doesn’t have its business practices in written form, consider making this a priority in the new year.A Strategic Plan
The new year is a good time to develop a strategic plan or to review and update an existing one. A strategic plan outlines your business’s future goals and describes concrete actions you can take to achieve them. At a minimum, your plan should include a description of your business, a mission statement, an analysis of your company’s strengths and weaknesses, and your vision for the future.1052403-00003-00
Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier Financial is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Dylan Pinsky is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Premier Financial and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.