To the wonderful Reader,

We're not in a technical recession yet, but if you're trying to rapidly grow your business, get financing or raise VC funds, you probably feel like we're in one already. It has never been more critical of a time to understand your numbers and where you will be in 1, 3, 12, 24 and 36 months. You want all five of those time periods covered; P&L and balance sheet.

Imagine for a moment the consequences of not taking action to understand and improve your company's financial standing. Cash flow struggles, missed growth opportunities, and a lackluster bottom line can keep you up at night. It's frustrating, and it can jeopardize the future of your business.

But let's shift gears and focus on the positive side. When you have an accounting expert looking at your numbers, you'll be tapping into a powerful resource to unlock your company's full potential. Someone needs to dive deep into your financials, identify hidden opportunities for increased profits, optimize your cash position, and make your business more attractive to potential investors or partners. Someone watching what you may not have time (or desire) to watch.

Be sure you have someone who really knows what they're doing helping you and of course reach out if we can help.

And now, as always, here are three critical news items from the past month to help you and your business right now:
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Surging popularity of ChatGPT leads to massive decline in a tech company's market value​
Analyst Brent Thill from Jefferies suggests that Chegg, an ed-tech company, may face extinction, leading to the suspension of its full-year outlook due to uncertainty.

The future of finance may not be in America​
Amid the SEC's lawsuits against Coinbase and Binance, Circle obtains a Major Payment Institution license in Singapore, signaling a potential shift in finance dominance towards Asia as the US regulator tightens its stance on crypto.

Implications of the US ESG backlash for corporations and investors​
The increasing opposition in US states against asset managers' use of "green" filters highlights a rising political backlash against mission-driven investment, holding significant implications for business students.

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Your Friend,
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Jim Miller
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​P.S. We're just a couple of short weeks away from launching a new service that provides new clients with a financial health report of their business. Reply to this email and I can send you a PDF preview of what will be included. It's going to help a lot of people! If you're already a client, you're already getting these results in your reporting.