A monthly newsletter brought to you by your Pratt and LeFevre Corporation Team
VOL. 4, ISSUE 5
May 2025
đ§ Business Clarity Is Mental Clarity
How to protect your peace during Small Business Week
We know you're going through challenging times. Running a small business is already a high-stakes, high-emotion endeavor, and right now, the pressure might be weighing heavier than usual. During Small Business Week (May 4â10) and Mental Health Awareness Month, we want to focus on the overlap: when your business feels more in control, so does your mind.
Here are three sanity-saving strategies we offer as business consultants and accountantsânot just to grow your business, but to help you feel better while doing it:
1. Reassess Your Niche
Who are you really marketing to?
Last month we talked about clarifying your nicheâletâs take that deeper. Get specific. What are your ideal customers struggling with right now? What do they want today, not last year? That clarity can make your messaging more effective and reduce the overwhelm of trying to be everything to everyone.
2. Refocus Your Offerings
Is everything you sell still worth your energy?
Maybe it's time to prune underperforming products or services. Then, look at what else your customers need before, during, or after working with you. Could another local business complement your offering? Partnership can be a sanity-saverâand a growth lever.
3. Sharpen Your Communications
More connections = more resilience
The businesses that thrived during past downturns? They didnât go quietâthey amped up communication. Loyalty programs, weekly updates, and behind-the-scenes videosâthey all keep your audience engaged and coming back, even when times are tight.
No, this isn't traditional âmental healthâ adviceâbut it is how you stay sane in chaotic times: by building a business that supports you, not drains you.
đ CTA: Want help implementing any of these ideas? Talk to your CSA (donât have one? Let us know, weâll get you set up.) Letâs talk about a few strategic shifts that could ease your workload and sharpen your results.
đ SBA Loan Surge Signals Hope for Small Biz
Loan approvals surge under new SBA momentum
If you're in manufacturingâor just rooting for resilient small businessesâhere's something to celebrate. The SBA reports a 74% increase in 7(a) loan approvals for small manufacturers this spring, signaling renewed federal focus on the domestic industry.
While this wonât apply to every business, itâs an encouraging sign that growth capital is still moving in the right direction.
đ Read More
đ CTA: Thinking about financing this year? Letâs explore your options with your CSA. (Donât have a CSA? Contact Roger at RogerA@PrattandLeFevre.com )
đ Tax Tip: Your Quarterly CFO Call = Sanity + Savings
A good tax plan keeps money in the bankâand you sleeping better
If you havenât had your Quarterly CFO Call yet, nowâs the time. These calls do double-duty: they look back at what worked (or didnât) last quarter, and help you fine-tune your plan for the next one.
Whether itâs forecasting cash flow, adjusting tax strategies, or refining your pricing, this kind of review keeps you aligned with your goalsâand prevents nasty surprises later in the year.
đ§Ž Pro tip: A smart tax plan isnât just about deductions. Itâs about decisions that keep cash in your account when you need it most.
đ CTA: Ready to regroup and refocus? Book your Q2 CFO Call todayâweâll walk through the numbers and the next steps. Just visit <here> to book your session, or reach out to your CSA or CFO for an appointment.
DISCLAIMER: Pratt and LeFevre Corporation has several attorneys on retainer. Any information contained herein should not be considered legal advice. The above is only an explanation of instructions given to Pratt and LeFevre Corporation by our attorneys which we have been given permission to explain from a lay-personâs point of view only. Any clarification or questions must be answered directly by an appropriate attorney.
Pratt and LeFevre Corporation
https://prattandlefevre.com/contact-us/
450 Simmons Way, Suite 760,
Kaysville, Utah 84037
833-772-8848