Scrubbed Newsletter: The world is changing, let's discuss how to course-correct.
Heading into 2021, your business probably did what you do every year: set goals and developed projections for the following 12 months, using the best information you had at the time. Six months into the year, however, the world looks a lot different than any of us anticipated.
Amidst skyrocketing inflation, rising interest rates, continued supply chain challenges, the threat of a recession, and a devastating war in Ukraine, the environment we’re all operating in has been quickly upended—making a mid-year financial checkup more important than ever before.
Mid-year is always a good time to pause from the busyness of your business, assess how you’re progressing toward your goals, analyze what is working and what needs improvement, and course-correct to ensure you stay on a strong path to success.
This month’s newsletter provides tips and best practices on conducting a mid-year checkup for your business.?We hope you find the information useful in these challenging times.?
FEATURED INSIGHTS
Incorporate New External Factors into Your Decision Making
How has the current economic environment affected your business? More importantly, what might you expect for the remainder of the year? During turbulent times, understanding different scenarios—from rising prices to employee turnover—is critical to planning and remaining agile.
That's when financial modeling can help. In Scrubbed's latest blog, you can learn:
SERVICE SPOTLIGHT
领英推荐
While most businesses are driven by a profit motive, nonprofits are motivated to fulfill a different mission. Whether your focus is on children, the environment, eradicating a disease, or countless other worthy causes, it does not lessen the need for timely bookkeeping, careful money management, and an understanding of your financial position. In fact, keeping a careful eye on your cash flow and expenses can be even more important.
SCRUBBEE SPOTLIGHT
Laurence has over 10 years of professional experience. He is the Director of Finance, which provides complete accounting and advisory support to clients focused on Professional and Business Services, Social Enterprises, and Non-Profit Industries. He has worked on-site with international organizations to streamline their finance processes across their locations and ensure accuracy and efficiency in reporting individual location and organization-wide consolidated performance.
"Scrubbed is really a values-driven organization. From my first day with the company, I have seen how the Scrubbed values served as guide posts on all that we do. Being able to align my own personal values and that of the organization made everything easier. Management and leadership serve as examples in living out these values. I believe having strongly held value systems is one reason for Scrubbed's success over the past 10 years."
"Speaking of my interests?outside work. When I'm not in front of my computer, you will find me reading, binge-watching on tv series, or curating music on Spotify. On the weekends, a random road trip is common."
FUN FACTS
Did you know...
Photo by Robin Worrall
It's no surprise that our Scrubbed family loves where we work and live in the Philippines. We want to provide some fun facts about our country in an effort to bring the Philippines closer to you, too.
Fun Fact:?The Philippines, which is projected to have over 23 million cellular phone customers and is still expanding at a rapid pace, has been called the "text capital of the world" due to the high volume of text messages exchanged throughout the nation. Filipinos send out an average of 250 million text messages a day.