[3-2-1] Friday Update - December 15, 2023

Happy Friday!

As promised here is your weekly 3 - 2 - 1 update bringing you the most relevant and actionable insights for the week.

1 “Time Well Spent” Video

Small business owners, it's time for a tax strategy overhaul! Are you missing out on tax savings? The answer might lie in benchmarking your accountant. Think of it as a financial health checkup for your business. In this video, we reveal six crucial questions to ask your accountant to ensure they're truly safeguarding your financial future. From understanding tax years to turning non-deductibles into deductions, we've got you covered.

2 “Deep Dive” Articles

Think about it: entrepreneurship is a dynamic playing field, requiring resilience, strategy, and a relentless pursuit of success. Those are all conditions and qualities that successful athletes use every day in pursuit of winning. Sports teach us the importance of teamwork, discipline, and perseverance, which are all essential qualities for success in the business world. In fact, many successful business leaders have a background in sports.

From digital assistants like Alexa to new recommendations on Netflix, TikTok, and your newsfeed, artificial intelligence (AI) is already part of our daily lives. But, this fast-growing technology’s potential is far-reaching, with advancements being made across finance, healthcare, retail, transportation, and more.

In many ways, AI promises efficiency, innovation, and progress. Many businesses already recognize this. 

However, its prevalence also raises many ethical concerns, and questions, not only about how law can keep up with AI as it continues to evolve, but who will be proactive in ensuring what they develop won’t be used for nefarious purposes.

3 “Stay Ahead” Articles

The pressure and pace of the entrepreneurial lifestyle can make it difficult to find time for yourself. However, personal well-being is not something you can afford to overlook as a business owner. Your health and wellness are not just a luxury but a fundamental pillar that profoundly influences business outcomes.

Vermont-based entrepreneur Meagan Downey brings an environmentally friendly touch to the holiday season with a reusable gift-wrapping solution. Shiki Wrap, founded in 2021, creates beautiful fabric made of recycled plastic as an alternative to traditional throwaway wrapping paper. During a season that sees a 25% increase in waste production in the US, the company offers a much-needed answer to the question of how we can give gifts in a more sustainable way.

In the ever-evolving landscape of today's careers, the concept of climbing the linear career ladder is rapidly becoming obsolete. Instead, individuals and organizations are recognizing the importance of learning agility—the skill of learning from experiences to succeed in new and uncertain situations. In a world where change is constant, understanding the three building blocks of learning agility—navigating newness, understanding others, and self-awareness—is key to fostering personal and organizational success.

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Don’t Forget to Play Your Game,

The Rigging the Game Newsletter Team