Analytics TX, LLC

#NotebookLM #AI created the audio podcast based on our website www.analyticstx.com and it captures what the company does in a pretty nice manner. Hope it helps you to learn how I (Dr. Kruti Lehenbauer) help my clients to achieve their goals to...

Do You Have a Side Gig or a Second Job? Turns out that more people are engaged now, In multiple jobs or side gigs than in the past. See article: https://lnkd.in/gzsEvdsu You probably already know what I am going to say. "Yes, economics has a good explanation for this." The obvious reason of increasing income level, And improving career stability in the future Can not be dismissed as a critical factor. Cobb-Douglas Utility Functions provide The basic framework to understand how Changing preferences for work & leisure Drive decision-making and satisfaction. Leisure means "non-work" hours, in case You were wondering what leisure implies. Read more details in my article here: https://lnkd.in/gUEjK_3u Lower Work Preference (alpha = 0.35): 1. Workers in fixed salary or fixed hours jobs. 2. Usually early to mid-career professionals. 3. Have a high personal demand on time. 4. Limited growth and opportunities. 5. Higher vulnerability of layoffs. 6. Total utility calculated as 13. Higher Work Preference (alpha = 0.7): 1. Workers with flexible salary or hours. 2. Usually mid to senior professionals. 3. Building for the future prioritized. 4. Lower personal demand on time. 5. Higher risk of burnout exists. 6. Total utility still remains 13. Actionable Insights for Side Gigs: * Identify your personal work preference. * Check if current income meets your needs. * Calculate the demands on your personal time. * Objectively measure the current risk of burnout. * Discuss options with a career coach or a mentor. Follow Dr. Kruti Lehenbauer & Analytics TX, LLC for Daily #Postitstatistics #Economics #DataScience #AI tips. Grow your SMB or career with data-led economic insights & models.

Want to Scale Your Business? TLDR: Consider short-run and long-run scenarios! The cluster of economic concerns is thickening: - Trade flounders amid tariff impositions & retaliations. - Inflation rate and layoffs are constantly playing tag. - Weird pricing trajectories from eggs to stocks. - The Fed and government entities uncertain. - The common person and SMBs confused. Read some articles here: https://lnkd.in/gH5Uh-iD https://lnkd.in/gTPEKehc To continue this week's economic exploration, Here is a little insight on when and how to scale Business if you sell products in a competitive market. In a competitive market: - Marginal Revenue (MR) & Marginal Cost (MC) matter. - Firm sells quantity q at the point where MR = MC. - Firm sets price based on market demand curve. - Cost includes "normal" profits for business. In the Short Run: 1. Price > Average Cost and implies supernormal profit. 2. First movers in this space have a lot of advantage. 3. New firms will continue to enter the market. 4. There is tremendous opportunity to scale. 5. Establishing brand adds to market share. 6. AC curve of firm shifts due to growth. In the Long Run: 1. AC curve intersects the Demand Curve in market. 2. New firms do not enter the market frequently. 3. Opportunity to scale is entirely price-based. 4. Brand differentiation becomes critical. 5. Stimulating demand is necessary. 6. New markets need exploration. Actionable Insights: i. Identify your product's market situation. ii. Booming market growth implies short run. iii. Steady market and suppliers implies long run. iv. Follow the keys for short or long run given above. v. Use your company's data to calculate correct values. vi. Work with experts in brand, price, and market strategy. Follow Dr. Kruti Lehenbauer & Analytics TX, LLC for Daily #PostitStatistics #Economics #DataScience #AI tips. Grow your SMB with data-led economic insights & models.

Will Tariffs Cause Shortages? The "short" answer: NO. Basic economic models can help us Understand how increased tariffs Potentially impact the economy. Let us take an example of a market of a product That uses imported components in its production. At equilibrium, the market quantity of this good is QM. PM is called the clearing price for the good in this market. Shortages occur when: - Price P is below the market price PM. - Quantity demanded increases at lower price. - Suppliers do not want to sell at the lower price. - SCARCITY is different: unavailability at any price. - Tariffs don't directly create shortages in the market. - Retaliations from foreign suppliers can cause disruption. - Example: https://lnkd.in/gy866ZRX Tariffs cause surpluses as: - Price is higher than market at PM + Tariff. - Quantity demanded decreases at higher price. - Suppliers are not able to sell sufficient quantities. - Foreign suppliers forced to reduce prices or exit market. - Domestic suppliers may sell between PM & (PM+Tariff) price. - Prices increase for consumers at first but will eventually decrease. Actionable Insights: 1. Check your supply-chain and identify alternatives. 2. Don't rush to be the "first mover" in increasing prices. 3. Rely on your procurement team for cost-effective options. 4. Renegotiate foreign supply contracts; they will have surpluses. 5. Incentivize sellers to adjust their pricing to split or absorb tariffs. Follow Dr. Kruti Lehenbauer & Analytics TX, LLC for Daily #PostitStatistics #DataScience #Economics #AI tips. Grow your SMB with data-led economic insights & models. P.S.: What aspect of #tariffs impacts your business the most?

We’re thrilled to announce that Dashbud has officially launched its first crowdfunding campaign on Indiegogo! Join us here: https://lnkd.in/e-h2VwpY Your support will help us enhance Dashbud’s AI-powered data analytics and reporting platform—making data insights easier, faster, and more powerful for businesses everywhere. Be part of the future of data analytics. Let’s revolutionize the way businesses interact with data!

In spring, colorful butterflies flit around. Flowers bud and new growth is everywhere. They show how the reality of time is unchanging. Let us also take advantage of the incoming Spring.

Are You Cheap or Pricey? If you are operating at Market Price, You might not necessarily realize, What you are missing out on. I know many SMBs and solopreneurs, That think that if they price below market, They will be able to get more clients and grow. I also know many SMBs and solopreneurs, Who simply use market price of similar goods, And assume that since they show profit, all is well. But let us step outside of these mindsets, and Consider the market dynamics more intentionally. In the Post-it today, I have shown two options That diverge from just using the fixed market price. I will post separately about why staying at market price, While profitable, might not necessarily be optimal for you. Option 1: Lower Your Price Below Market - Based on your lowest acceptable price and costs. - Would need to shift supply curve to the right. - Scaling up rapidly if demand exists at price. - Frustrations if there is no demand at PY. - You are catering to the entire market. - Burnout & overwhelm are common. Option 2: Increase Your Price and Niche Up - Based on your production capacity instead of price. - Caters to a niche market of high-paying clients. - Focus on branding and strategic marketing. - Helps build a sustainable growth model. - You are now catering to niche clients. - Your future potential improves. Actionable Insights: 1. Check your current pricing strategy very carefully. 2. Identify the specifics of your market demand. 3. Don't put all your eggs in one "market". 4. Data-led decision-making is critical. 5. Consider external environment. 6. Consult experts, as required. Follow Dr. Kruti Lehenbauer & Analytics TX, LLC for #PostitStatistics #DataScience #Economics & #AI tips On SMB, solopreneur, and individual growth!

How Do You Feel About DST? Daylight Saving Time started today. Like many others, I feel out of phase. As if my internal clock is struggling to adjust And get aligned with the time that was forced. A majority of people who adjust their clocks, Twice a year, in March and October, want it to stop. See here for some viewpoints: https://lnkd.in/gnV-X4Hb In any case, the reality is that we "Spring Forward." And perhaps, we can all use that as a reminder, Not just to check our smoke alarm batteries, But take time to revisit our plans & goals. In spring, colorful butterflies flit around. Flowers bud and new growth is everywhere. They show how the reality of time is unchanging. Let us also take advantage of the incoming Spring. Actionable Items: 1. Check all your social profiles for consistency. 2. Double check calendars & routines for relevance. 3. Revisit contents of business reports and align them. 4. Check priorities and clean out what does not resonate. It is time to move forward and nurture our own growth! Happy Sunday! Follow Dr. Kruti Lehenbauer & Analytics TX, LLC for #PostitStatistics #inspiration #DataScience #Economics #AI. P.S.: What will you clean for Spring in your life/business?

Does the "Cute" Factor Work? Experimented with AI in Microsoft Designer this morning. Enjoy reading Edition 39 with my weekly round-up, LinkedIn Observations, Featured Rising Creators, All written out in my fabulous writing style! ?? Happy International Women's Day! Have a beautiful Saturday, y'all! Lots of love, Dr. Kruti Lehenbauer & Analytics TX, LLC #newsletter #postitstatistics #IWD25 #AI

Happy International Women’s Day! #iwd25 #womenshistorymonth - Dr. Kruti Lehenbauer