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A Different Degree of Wealth

What the New Administration Could Mean for Small Businesses

A smiling shop owner couple standing proudly outside their business, holding an 'Open' sign. The image conveys a sense of entrepreneurship, community, and welcoming customers to their local shop.

As we prepare for the president’s inauguration, small business owners may wonder how upcoming policy changes may shape their operations. History teaches us that shifts in leadership could bring opportunities or challenges. Understanding the potential impacts for small businesses can help you succeed during this period of change.

 

Economic Opportunities and Challenges for Small Businesses

Tax reform is likely to be a priority under the new administration, presenting both opportunities and challenges for small businesses. A continuation of efforts to reduce corporate taxes could increase cash flow and profitability, while expanded deductions for expenses such as equipment purchases, employee training, and operational costs may ease financial pressures. Simplifying tax codes could also reduce the time and resources spent on compliance, offering further relief. If implemented, these reforms have the potential to boost small business growth and promote entrepreneurship, though careful planning will be needed to navigate any complexities introduced by new policies.

At the same time, a Republican-led government may push for fewer regulations, which could reduce compliance costs but introduce new challenges. Changes to labor laws may relax wage and benefit mandates, providing businesses with more flexibility in hiring and managing employees. Eased environmental requirements could lower operational costs for industries like manufacturing, construction, and energy. However, adjustments to healthcare obligations, such as changes to the Affordable Care Act, might reduce costs while adding uncertainty to long-term planning. While deregulation can generate savings, it’s crucial for business owners to evaluate how these shifts align with their values and customer expectations.

The administration’s pro-business stance may also enhance access to financing and economic growth opportunities. Expanded loan programs could support small business innovation and development, while proposed infrastructure investments may open doors for companies in construction, technology, and supply chain industries. Additionally, policies aimed at reducing unemployment and stimulating spending may boost consumer confidence, increasing demand for goods and services. Staying informed about these trends and adapting to the evolving landscape will help position your business for continued success.

 

Small business owners reviewing financial documents and discussing strategies for navigating tax reforms, economic opportunities, and policy changes outlined in 2025.

Navigating Potential Challenges

While there is reason for optimism, there are also areas to monitor:

  • Trade Policies

Changes in tariffs and international agreements could affect businesses reliant on imported goods or exports.

  • Inflation Risks

Pro-growth policies may lead to inflationary pressures, affecting costs for raw materials and borrowing rates.

  • Policy Uncertainty

As policies evolve, small businesses should stay flexible and be prepared to adapt to new regulations and opportunities.

 

A professional pointing to a detailed financial graphic with a pen in hand, showcasing data trends and strategic insights.

How Small Businesses Can Prepare

Navigating changes in the economic and regulatory environment requires strategic preparation. Businesses can benefit from proactive tax planning by reviewing financial strategies to optimize potential tax advantages. Strengthening cash reserves and streamlining operations can provide resilience against short-term uncertainties. Staying informed by monitoring policy developments and participating in workshops or webinars ensures businesses remain adaptable to new challenges.

Ballentine Capital Advisors supports small business owners by providing tailored financial strategies designed to identify opportunities under new tax and regulatory frameworks. Growth planning focuses on accessing capital and making strategic investments to achieve long-term objectives. Educational resources, including webinars, articles, and personalized consultations, help business owners stay informed and prepared to navigate an evolving landscape. With a comprehensive approach, businesses can confidently adapt and position themselves for success.

 

Small business growth and financial success in 2025. The image represents strategic planning, tax optimization, and leveraging economic opportunities with the guidance of Ballentine Capital Advisors.

Moving Forward with Confidence

As Ballentine states in his book Wealth on Purpose, avoid herd mentality—politicians do not have as much control as we think. Transitions in leadership always bring change, but they also open the door for innovation and growth. By focusing on opportunities and staying adaptable, small businesses can thrive even in uncertain times. Trust us to be your partner in navigating this evolving landscape.

If you have questions about how these potential changes might affect your business, don’t hesitate to reach out.

 

Sources located at the bottom of the article


 

Golf Tip of the Week

‘Wish putting’ is ruining your short game. Here’s how to fix it

A golfer kneeling down near the hole, visibly frustrated, with his putter resting on the ground beside him after missing a crucial putt. The image captures the intensity and emotional highs and lows of the game. Keywords: missed putt reaction, golf emotions, kneeling golfer, putting challenges, sports frustration.

It happens on putts between four and eight feet. The putts that are just too long to be given, but short enough that you’re still expecting to make them. That dynamic has the effect of robbing golfers of confidence. Golf Digest’s No. 1-ranked teacher, Butch Harmon explains:

“I call it ‘wish putting,’ because you wish you made it after you missed it,” he says. “You’re trying to wish it in because you’re afraid of it.”

It’s an anecdote Harmon tackles in this Golf Digest schools series, and thankfully, he’s got a solution to that problem. Here’s what to do.

 

  1. Don’t ask if the putt is good

If your opponents give it to you, then great. But don’t expect them to give it to you. It can put you in a negative, fearful frame of mind, and distract you from the task at hand.

 

  1. Aim the face first

After you read the putt, step into the putt, but align the face of your putter before anything else. Aiming your putter where you’re intending is one of the key tenets of good putting, Harmon says, so dedicate some specific time to getting it right.

 

  1. Elbows in

Harmon says golfers, especially when struggling with the yips, should practice keeping their elbows close to their torso. This helps prevent your big muscles from taking over.

“Think about where the yips come from,” Harmon says. “They come from your wrists and arms.”

 

  1. Get comfy

Another simple, but essential, piece of advice from Harmon is to make sure you’re comfortable over the golf ball. If you don’t feel comfortable over the ball, you’re not going to make a confident stroke, he says, which is the key to conquering wish putting.

 

  1. Putt with your left ear

Once it’s time to hit the putt itself, Harmon says to think of putting with your left ear (for right-handed golfers). Your left ear should stay facing the hole, and if you do that, you’ll never give yourself a chance to look up early.

 

“I’m never going to see it go into the hole,” he says. “I’m going to hear it go in the hole.”

 

 

Golf Tip adapted from golfdigest.comi


 

Recipe of the Week

Tuna Noodle Dump Dinner

An easy and comforting tuna noodle dump casserole, perfect for busy small business owners seeking a quick, budget-friendly meal. Featuring tender pasta, creamy sauce, and protein-packed tuna, this one-dish recipe is ideal for weeknight dinners or meal prep.

Ingredients

Nonstick cooking spray

2 1/2 cups low-sodium chicken broth

3/4 cup heavy cream

1/2 cup sour cream

4 ounces cream cheese, at room temperature (about 1/2 cup)

1 tablespoon Dijon mustard

2 scallions, thinly sliced

Kosher salt and freshly ground black pepper

One 12-ounce bag wide egg noodles

Two 5-ounce cans white albacore tuna, drained and flaked

6 ounces cremini mushrooms, thinly sliced (about 2 cups)

1 1/2 cups frozen peas, thawed

8 ounces mild Cheddar, shredded (about 2 cups; preferably from a block and not pre-shredded)

 

Directions

  1. Preheat the oven to 425 degrees F. Generously spray the bottom and sides of a 9-by-13-inch casserole dish with nonstick spray.
  2. Whisk the chicken broth, heavy cream, sour cream, cream cheese, mustard, scallions, 1 1/2 teaspoons salt and a few grinds of pepper in a large bowl until smooth and no lumps of cream cheese remain.
  3. Spread half the noodles in an even layer in the bottom of the prepared dish. Scatter half of the tuna, mushrooms and peas over the pasta. Pour half of the broth mixture over the top, then sprinkle with 1 cup of the Cheddar. Repeat to make a second layer with the remaining noodles, tuna, mushrooms and peas.
  4. Cover tightly with foil and bake until the noodles are al dente, about 40 minutes. Uncover and sprinkle the remaining 1 cup Cheddar evenly on top. Bake until the cheese has melted and the sauce has thickened slightly, 10 to 12 minutes. Let the casserole sit for about 10 minutes before serving.

 

 

Recipe Tip adapted from foodnetwork.comii


 

Travel Tip of the Week

How to Make the Most of Flying Business Class, According to a Frequent Flier

Here are six tips for making the most of flying business class, plus how to fly for free.

A spacious business class seat on an airplane, featuring luxurious upholstery, ample legroom, and a fully reclining option. The image highlights comfort, convenience, and premium travel amenities for business travelers.

With plush seats, elevated dining, and an easier airport experience, flying business class is a treat for any traveler. And although each airline’s business-class product differs, you can expect luxury, comfort, and premium amenities — at a much higher price than economy. We’re here to help you make the most of flying business class with tips from my personal experience and aviation expertise.

 

Relax with added flexibility

If you need to change your flight before departure, odds are you have increased flexibility than if you booked a basic economy ticket. Whether your ticket is refundable will depend on your airline and fare type, but you may be able to change your flight more easily if needed. You can also enjoy simple perks like selecting your seat in advance.

 

Check your bags for free

Don’t worry about the pricey baggage fees adding up if you’re traveling with a couple of checked bags. There’s a good chance you’ll have an increased luggage allowance, so you can pack more than you typically would for your trip if you’d like. Policy details vary from one airline to the next, but on most major U.S. carriers, business-class passengers can check two bags for free.

 

A traveler holding boarding passes and a passport, preparing for a flight at the airport check-in counter. The image conveys the process of seamless travel preparation and organization. Keywords: boarding passes, airport check-in, travel essentials, organized travel, flight preparation.

Take advantage of priority check-in and security

Your journey starts when you arrive at the airport. And depending on the airport, you’ll go to a dedicated business-class lane, or you’ll go to an entirely different check-in counter — either way, you’ll avoid waiting in lines and can check your bag immediately. Sometimes, you’ll also go through a business-only security lane that is faster than general security. I got to experience this most recently on a flight from Madrid to the Maldives on Qatar Airways. The business-class security line felt more like TSA PreCheck in the U.S.; there were no lines, you don’t need to remove anything from your bag, and you’re off to the lounge within 30 seconds.

 

An elegant airport lounge featuring plush seating, complimentary refreshments, and a serene atmosphere, with a traveler relaxing and reviewing documents. The image highlights the perks of lounge access for travelers, including comfort, productivity, and premium services before a flight. Keywords: airport lounge benefits, travel in comfort, premium lounge access, productivity while traveling, luxury travel tips.

Enjoy lounge access

Once you’ve gone through security and immigration, you can head to the lounge. Again, this will vary depending on your airline, but you might be able to access a dedicated business-class lounge or a general airline lounge, where you can indulge in complimentary food and beverages in a more relaxed environment. Some lounges even have spas, business centers, sleeping rooms, or showers. Some airlines may restrict access to business- or first-class travelers traveling internationally, so do your research before you book if lounge access is important to you.

 

Be the first to board

When flying in business class, you’ll be one of the first people on the plane. Sometimes, you’ll use a different jet bridge than economy passengers, making it even easier to get to your seat. If there’s one word to define a business-class experience, it’s efficiency — you’ll be one of the first to board and first to get off the plane.

 

A luxurious business class seat with an elegant dining setup, featuring gourmet dishes, a glass of wine, and a sleek tray table. The image showcases the premium dining experience, blending comfort and indulgence for travelers in business class.

Indulge in an elevated in-flight experience

The real fun of flying business class is found on board the plane. Avoid getting too full at the lounge because the in-flight food and beverages are a notch above your basic airplane food. And check your airline account before your flight, because you can often request meals in advance. On my Qatar Airways flight, I had lobster thermidor, which was only available to passengers who pre-booked. You’re also typically greeted with a welcome beverage of your choosing, which can include Champagne, various other alcoholic beverages, or non-alcoholic drinks.

 

Whether you want to work, sleep, or watch as many movies as possible, you’ll typically have a spacious and comfortable seat that may even lie flat. On long-haul international flights, the blankets and pillows are typically of much higher quality than the ones given in economy, and you may receive an amenity kit or even pajamas to wear.

 

Difference Between First Class and Business Class

When selecting a plane ticket, you have an overwhelming amount of options. Depending on the route, you might have basic economy, economy, premium economy, business, and first class available, plus even more fare options, such as refundable or nonrefundable, within each ticket class. Business class and first class are often used interchangeably, but the two have some distinct differences. Be sure to read the details before you book so you know exactly what to expect when you get on board.

 

How to Fly Business Class for Free

Using points and miles makes business-class tickets much more accessible to even budget travelers. The quickest way to rack up credit card points that you can turn into a fancy airline seat is by taking advantage of a new customer welcome offer. If you sign up for a new credit card and meet the spending requirement, you could earn enough points to score a great deal on a ticket. Whether you transfer the points to a partner airline or book through your new card’s travel portal will depend on how savvy you are with your miles.

Don’t want to commit to a travel credit card? There’s a chance you could be automatically upgraded if you have elite status with the airline you’re flying. However, you’ll likely need a very high tier of elite status to receive a complimentary upgrade to business class on a long-haul flight, and to reach such a high tier, you’ll already be spending some serious money on flights throughout the year.

You could also ask at the check-in counter if any business-class seats are available. If there are, the agent will tell you how much upgrading costs. If it’s an exceptionally long flight and the upgrade only costs a few hundred dollars, it could be worth the additional fee for the comfort.

 

 

Travel Tip adapted from travelandleisure.com iii


Copyright © 2025. Ballentine Capital Advisors. All rights reserved.

 

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Ballentine Capital Advisors
15 Halton Green Way
Greenville, SC 29607

 

Sources:

 

Disclosure:

Ballentine Capital Advisors is a registered investment adviser. The advisory services of Ballentine Capital Advisors are not made available in any jurisdiction in which Ballentine Capital Advisors is not registered or is otherwise exempt from registration.

Please review Ballentine Capital Advisors Disclosure Brochure for a complete explanation of fees. Investing involves risks. Investments are not guaranteed and may lose value.

This material is prepared by Ballentine Capital Advisors for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation or any particular security, strategy, or investment product.

No representation is being made that any account will or is likely to achieve future profits or losses similar to those shown. You should not assume that investment decisions we make in the future will be profitable or equal the investment performance of the past. Past performance does not indicate future results.

 

Advisory services through Ballentine Capital Advisors, Inc.

ihttps://www.golfdigest.com/story/wish-putting-mistake-butch-harmon-fix

iihttps://www.foodnetwork.com/recipes/food-network-kitchen/tuna-noodle-dump-dinner-8043024

iiihttps://www.travelandleisure.com/how-to-make-the-most-of-flying-business-class-8762486

 

 

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