BSC Small Business Growth

  I have a growing curiosity about Artificial Intelligence (AI) and I have been playing with the ChatGPT app to understand it’s capabilities and where we are in 2024! First and foremost, you need to understand that this is a language-based app. It uses enormous computing power to interpret what I am asking and then incorporate all it has learned to provide a response.   It’s training ended in 2022 so current events, such as the Israeli – Hamas war are not in its realm of knowledge. My first attempt to use ChatGPT was particularly eye opening.   I asked what I assumed to be a simple question… Can you create a list of Presidents of the United States ordered by their age at inauguration? The result was surprising.   As I am sure you know Joe Biden is the 46 th president in our nation’s history.   Surprisingly, ChatGPT produced a list of only 41 people!   I did not scrutinize the list, but it was apparent to me that Mr. Biden was not on the list (he sh...

  Looking at the calendar is sometimes a sobering experience.   For most of us, corporate taxes must be filed in 3 days!   Fortunately, I have a new CPA this year who stayed on top of me and made sure I got the necessary work done. In addition, there are approximately 2.5 weeks left in the 1 st quarter.  3 months ago, during Winter break between semesters, I started thinking about the reboot of my business.  I did some preliminary work only to allow myself to be distracted and I am embarrassed to say that much of it remains unfinished.  I am actually hoping that this blog post inspires me (and perhaps you) that it is never too late. So, let’s look at some of what you ought to be doing right now.  1.       Business Plan a.       If you have not invested the time and effort to write a business plan.  I strongly suggest you do so now.  A formal plan forces you to think about your goals a...