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Keeping Business Strong Whilst Combatting Inflation
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The post Keeping Business Strong Whilst Combatting Inflation appeared first on SMALL BUSINESS CEO.
No one is unaffected by the cost of living crisis affecting countries across the globe, and the world of business is certainly no different.
Inflation rates in the United States were at 7.7% in October 2022, resulting in your business having to contend with rising interest rates, while there are supply pressures as a result of having to pay for products and materials – not to mention the impact on shipping and delivery prices.
This can have a direct impact on your purchasing power but there are ways to keep your business strong while combatting inflation.
Pricing audits
First and foremost, it is time to keep control of your spending – now is the moment to really examine your costs.…
No one is unaffected by the cost of living crisis affecting countries across the globe, and the world of business is certainly no different.
Inflation rates in the United States were at 7.7% in October 2022, resulting in your business having to contend with rising interest rates, while there are supply pressures as a result of having to pay for products and materials – not to mention the impact on shipping and delivery prices.
This can have a direct impact on your purchasing power but there are ways to keep your business strong while combatting inflation.
Pricing audits
First and foremost, it is time to keep control of your spending – now is the moment to really examine your costs.…
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