Publisher's Note

SBJ file

Jennifer Jackson, Publisher, Springfield Business Journal

Welcome to the final installment of our six-part series on economic growth in our region. Throughout this series, we have explored various issues that are top of mind for business leaders, as indicated in Springfield Business Journal’s 2023 Economic Growth Survey. In this special section, we delve into the crucial topic of business succession planning and making longer-term plans for evaluating equipment, office space and employee needs.

As we look ahead, one question looms large: What will the office look like years, even decades, from now? With the rapid advancements in technology and the changing dynamics of the workforce, it is essential for leaders to start preparing now. This includes not only considering the physical office space but also the office culture that will foster productivity and engagement.

Additionally, we discuss long-term planning strategies, specifically focusing on tax advantages and strategies in 2024. Estate tax planning will be a key topic, as we explore ways to protect your legacy and reduce tax liabilities. Our experts provide guidance on estate planning techniques, such as gifting and trusts, that can effectively minimize estate taxes and preserve family wealth.

Furthermore, we delve into adaptive accounting strategies for uncertain times. Given the ever-changing economic landscape, businesses need to be resilient and prepared for disruptions. This issue will offer insights into contingency planning and adaptive financial modeling, helping businesses navigate uncertainties and emerge stronger.

We are excited to bring you to the end of our 2023 Economic Growth Series in this issue packed with valuable insights and practical advice from industry experts and business coaches. Join us for this last leg of the journey as we explore the future of the office and equip leaders with the tools they need to make informed decisions for long-term success.