LBMC 2021 Enterprise Tendencies Report Outlines Insights from C-Amount Executives from 7 Industries Throughout the Country

NASHVILLE, Tenn.–(Company WIRE)–Feb 18, 2021–

LBMC, a best 50 community accounting company and the greatest Tennessee-based expert providers and business consulting agency, is pleased to present the fourth once-a-year nationwide Business enterprise Outlook Report. The report offers perception into small business trends, issues, and ranges of optimism throughout 7 big industries in the U.S.

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What’s top of mind for companies in 2021? LBMC’s Organization Outlook Report addresses this query and offers insight into organization developments, problems, and degrees of optimism throughout seven major industries in the U.S. (Image: Organization Wire)

The report was dependent on final results from the national Organization Outlook Study, exactly where much more than 500 organization leaders, typically in C-degree positions, reviewed company exercise about the earlier yr and furnished perception into the enterprise landscape more than the subsequent 12 months. Additional than 50 {f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of the participants signify companies with $15 million moreover in income and at the very least 50 workforce. For the initially time, this year’s report also surveyed superior progress corporations – businesses with a progress rate of at the very least 20{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4}.

“As providers adapted to the new usual in excess of the previous calendar year, many introduced in competencies, talents and processes they did not have prior to the pandemic. What are they targeted on in the coming yr? This report outlines prime priorities for small business leaders in 2021 and outside of,” mentioned Suzanne Reed, MBA, Main Advertising Officer, LBMC.

Download your copy of the Organization Outlook Report below.

2021 Organization Outlook Report – Crucial Takeaways

The COVID-19 pandemic was by far the most significant challenge of 2020, affecting all industries and just about three out of four firms surveyed. Though the election was a worry for much more than 40{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of respondents, virtually 60{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of individuals surveyed were neutral or constructive about the election. Whilst optimism about the economic system is minimal, lots of companies imagine their revenue will improve this calendar year. For additional than half of corporations, attaining and retaining talent was a prime priority.


Report highlights

Major priorities:

  • Rising sales
  • Bettering financial performance
  • Expanding small business benefit
  • Retaining and getting good expertise
  • Increasing details administration

Leading small business issues:

  • COVID-19 pandemic
  • Domestic financial conditions
  • Employee and rewards expenses
  • Regulatory needs/variations
  • Acquiring new goods/expert services/markets
  • Employees turnover/availability of top staff

Who participated in the study?

  • A lot more than 500 company leaders, typically in the C-Suite
  • Seven significant industries, such as healthcare, producing & distribution, building & authentic estate, engineering, nonprofit & education, expert solutions, retail & leisure/hospitality
  • Businesses throughout the U.S., all sizes
  • Significant development, ordinary growth and no progress corporations

“If 2020 has taught us anything, it’s that there will usually be components exterior our manage that will effect your business enterprise. If you are doing the right matters, you will be superior geared up to temperature the storm when curveballs are thrown at you. Just one of the silver linings of 2020 is that it resulted in favourable alterations that may possibly not have taken spot normally – specially close to technology and innovation. If you have the correct infrastructure in place to acquire care of your team associates and customers, the relaxation will fall into position,” reported Jeff Drummonds, CEO, LBMC.

About LBMC

LBMC is a Forbes Top Advisable Company, one particular of the Southeast’s major accounting and organization consulting companies and a prime 50 business in the nation serving about 10,000 clientele with numerous needs throughout a spectrum of industries. The LBMC Family members of Providers has far more than 700 workers, with places of work in Chattanooga, Nashville (Brentwood), and Knoxville, TN, and Charlotte, NC. Founded in 1984 as a classic accounting organization, LBMC has expanded its focus to meet up with a broad variety of advisory and enterprise consulting desires for its numerous customer base. Today, we’ve become sector leaders in money, human means, technological innovation, facts protection, and prosperity advisory companies for companies and people. For more info, stop by www.lbmc.com.

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Contact: Suzanne Reed

suzannereed@lbmc.com

(615) 309-2282

Key phrase: TENNESSEE UNITED STATES NORTH America

Industry Search phrase: CONSULTING OTHER Skilled Providers ACCOUNTING Experienced Solutions

Supply: LBMC

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PUB: 02/18/2021 05:13 PM/DISC: 02/18/2021 05:13 PM

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