The impact of inflation can be felt in every corner of the economy. On a personal level, we feel the financial pinch each time we fuel our vehicles, buy groceries, and even heat or cool our homes. But as a business owner, the impact of inflation can be a double-edged sword. Not only are you feeling it on the homefront, but you’re likely also experiencing increased production costs and the margin erosion that can come with them. Join me to see how you could protect or increase your profit margins during inflation, using strategic levers. Follow Along With The Financially Simple Podcast! Annual inflation rates in 2022 How inflation changes the nature of business The pros and cons of adjusting the pricing of your products or services The ‘five by five principle’ and controlling your spending during inflationary times Differentiating strategic and non-strategic expenses The power of accurate accounting […]
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