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Episode 109

1/5/2023

Topic: Q4 Recap & New Year Predictions

Guests: Dan Gordon, PCO Bookkeepers & M&A Specialists, and Donnie Shelton, Triangle Home Services



In this episode we discuss:

  • Podcast changes for the new year

  • How inflation has slowed but is still a factor

  • How the housing market and credit situation affects pest control

  • Whether we are entering a recession and what opportunities it may present

  • Why it's important to be proactive with your customers

  • Record retention for Paycheck Protection Program forgiveness

  • Employee Retention Credit reminders about amending your tax returns

  • How to prepare for a recession, including not borrowing, keeping an eye on "infant offices" and ensuring gross margin is 50-55 percent

Resources mentioned:

Advice: "Pull your P&L for 2022. Look at your projections for 2023, and if you're out of whack, find a way to get (your margins) back." —Donnie Shelton

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