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Navigating the Economic Crossroads: Fed’s 11th Rate Hike and Its Impact on Investments in 2023
To no one’s surprise, the Federal Reserve raised short-term interest rates again during their July meeting. This was their 11th increase since the spring of 2022. As expected, the Fed Funds rate went up 25 basis points, or a quarter of 1 percent. The new rate is 5.25%-5.50%. What remains unclear is whether this is […]
Assessing the Value of an MBA for Future Entrepreneurs: A Cost-Benefit Analysis
Entrepreneurship has never been more accessible than it is today. There are so many low-overhead online businesses that entrepreneurs can start, plus more options than ever for connecting with people who want to invest in growing startups. With that said, being a successful entrepreneur is far from easy. In the beginning, most n[...]
Becoming a Stay-at-Home Parent: Navigating the Pros, Cons and Financial Implications
Making the decision to leave your job and stay home with your kids may not be an easy one. Whether it’s only temporary until your children are old enough for school, or whether it’s a permanent change, there are so many factors that go into making the right decision for your family. And, of course, […]
InBank Names Bo Scott as New President
InBank, a growing independent commercial bank serving the Colorado Front Range, southern Colorado, and northern New Mexico markets, announces today that it has named veteran banking executive, Bo Scott, as President and Chief Commercial Banking Officer. Ed Francis, the current Chairman, CEO and President of InBank and InBankshar[...]
Diversify Your Portfolio: Beyond AI Stocks with Treasury Bills and Dividend-Paying Companies
By now, you’ve probably heard of the chip maker Nvidia. And if not, at the very least, you’re somewhat familiar with the massive explosion of AI products and services in the corporate world. This AI mania has been the single driver in getting the stock market out of a bear market, simply defined as a […]
Preparing for Economic Downturn: 4 Tips for Colorado Business Owners
Approaching the mid-way point of 2023, the economic downturn that many predicted would characterize Colorado’s economy this year hasn’t materialized. Despite uncertainty and rising interest rates, economic indicators appear to show a resilient market. But, there is a natural cycle of economic highs and lows that all business[...]
How to Maximize Your Investment Potential — Asset Diversification Strategies and Allocation
As a devoted reader of ColoradoBiz, you know the importance of making your money work just as hard as you do. Colorado’s business community is not only passionate about their work but also about embracing the great outdoors during their downtime. Whether it’s hiking, running, biking, skiing or simply immersing themse[...]
Level Up Your Savings: Fun Challenges and Games to Achieve Financial Independence
In a time where many are feeling the impact of inflation and the rising cost for a variety of goods and services, some are also finding it difficult to make progress or even establish their savings goals. In fact, a recent survey found that 49% of adults in the U.S. have less or no savings […]
Best of Colorado 2023 — Finance
Many of this year’s Best of Colorado winners embody the art of specialization. They don’t pretend to be something they are not, rather they concentrate on one element and aim to perfect it. That in turn has clearly helped them make a name for themselves. Our readers (Best of Colorado customers) not only remember them [&helli[...]
Future-Proofing your CPA Firm: 4 Tips for Anticipating Trends and Preparing for Change
Looking back at the past few years, it is bewildering to consider the concept of “future-proofing” a CPA firm. Yet, the unexpected impact of the pandemic has disrupted the field of CPA for years to come, making it challenging to predict what lies ahead. However, there are ways to anticipate the future and develop str[...]
Simplifying Colorado’s Sales Tax System — One Success at a Time
Just a few short years ago, Colorado received a “D” rating from the Council on State Taxation, ranking Colorado’s sales tax system as one of the worst in the country. The abysmal rankings are a result of a confusing and cumbersome patchwork of 756 geographic areas with different sales tax rates and bases, and 72 […]
Batten Down the Hatches: Fine Tune Your Small Business Plan for Any Economic Environment
In recognition of the more than 33 million small businesses in the U.S., we are sharing helpful best practices to fine-tune your small business plan to weather economic shifts. Responsibly manage your business debt Interest rate changes have significant impacts on business lending. To effectively manage your debt, consider the[...]
