Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

July/August 2022

Navigating 2022: A Challenging Environment

Navigating 2022 A Challenging Environment

The past two years of uncertainty created many challenges for business owners. Hampered by a lack of workers and declining profits, many small businesses were forced to close, some permanently. As businesses strive to return to normal, owners are still facing hurdles that may be difficult to overcome.


Supply Chain Shortages
Many businesses continue to suffer from delays in receiving products and materials. When it is possible to obtain needed goods, the cost to purchase them may be higher, forcing the business owner to raise prices to meet production targets. Even so, products that are in high demand by your customers may still be impossible to get.


Staffing Issues
Workers haven’t returned to the workforce as quickly as expected, leaving business owners scrambling to find help. Shortened business hours or fewer days when the business is open may be the result. Some business owners have learned that offering incentives, such as higher pay, flexible scheduling, and a good benefits package, helps them attract new employees. Employees who enjoy an equitable work-life balance are also more likely to remain with the company.


A Decline in Foot Traffic

With fewer people in stores, businesses have had to get creative. Curbside pick-up, take-out and home delivery have become so popular that customers are reluctant to give up their convenience. Continuing to offer your customers these options, or implementing them if you didn’t offer them before, may help your business remain competitive.


No Online Presence
Take advantage of the internet to get your business noticed. Developing a website can make your business known to more potential customers. Offering online purchasing or coupons is another way to increase sales volume. Creating a user-friendly website may require professional help, but the potential increase in sales can be worth the expense.


Inflation Woes
After several years of low inflation, rising costs for products, materials, labor, gas, etc. are putting a dent in profits. Reevaluate how you run your business and cut unnecessary expenses to help you compete with others in your space.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting 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.