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Tom Meaglia, ChFC®, AEP®,


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




January/February 2024

Prepare Your Business for a Profitable Year

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.


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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.

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