Episode Details

Small businesses always have challenges, but these days none is more damaging than the costs of doing business jacked up by inflation. Gene Marks, a small business owner himself, shares a few tips on how to manage the situation against the year-over-year profitability plunge of 1.3%. Financial pressures are hitting many, and a report found that 90% of employees would leave and seek out a company offering financial wellness resources as part of a benefits package. On a good note, some startups are using AI to solve practical business problems in the B2B space and drive growth. 

Topics:

00:00 – Introduction

00:19 – Profitability Issues

03:34 – Financial Wellness Benefits

06:26 – Startups, AI, and Growth

08:25 – Episode Wrap-up

Additional Resources

Meet Paychex: https://bit.ly/3VtM6bs

Small business and AI: https://bit.ly/ai-and-small-biz

Register for AI webinar: https://bit.ly/ai-webinar-series

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The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.