Plain and Simple: Bright Business Insights Fall 2017

PLAIN AND SIMPLE Bright Business Insights Vol. 2 | Issue 3 | Fall 2017 Dear Readers, It’s been a busy past few months and we have you to thank for that. Many of you have reached out to us with questions, feedback and issues you’re grappling with in your business, and we are grateful for what you have shared and what we have learned. We’re always striving to provide you with content and materials that matter to you and your business. In this issue, you’ll find articles covering a wide variety of topics including: • • • • • Equipment purchasing decisions The importance of accurate internal accounting Ohio’s biennial budget and its impact on business owners Assessment tools for recruiting employees Succession planning tips Be sure to check out these articles in the following pages, and let me or any of the authors know if you have any questions. Thank You For Helping Make Manufacturing Day A Success! In early October, we conducted a Manufacturing Education Day event. Thank you to everyone who attended and helped make this event such a success! Attendees learned more about strategic planning, Lean Six Sigma, cash flow management and the business impact of nexus and state & local taxes. If you attended and have any further questions for our presenters, feel free to contact me at (330) 308-6883 and I would be happy to put you in touch with the appropriate person. If you were unable to attend and have questions about these topics or more – you are also welcome to contact me! Since this event was such a success, we anticipate providing similar educational events to you in the future. Stay tuned! REMINDER - CEO Peer Group Last year we launched a CEO Peer Group, where leaders from companies in the Plain community come together regularly to discuss best practices and issues they face in their businesses. The purpose of this group is to open up communication among business leaders and provide an opportunity for leaders to learn from one another. We are considering the possibility of starting another CEO Peer Group and want to know if there are others interested in this. If you are interested in participating in a group like this, please let me know. The Year Ahead The end of the year is fast approaching, and we’re all busy with various year-end activities. As we look to the year ahead, we are always looking for new and improved ways to serve you. If you have any suggestions for what you’d like to see from us, please don’t hesitate to contact me directly. Thank you again for all of your support and insight as we aim to better serve you – our valued clients and business partners. Sincerely, Kyle Stemple, CPA, CGMA Principal & Regional President Rea & Associates • 122 Fourth St. NW • P.O. Box 1020 • New Philadelphia, OH 44663 (330) 308-6883 • [email protected]