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Poise Your Company for Growth Periods of high inflation can be worrying for a business owner. However, things might not be as dire as you fear. Indeed, economists believe that low levels of inflation can drive economic growth as the Federal Reserve targets an annual inflation rate of two percent. The other crucial fact to…
10 Practical Steps to Strengthen Your Business For most small to mid-sized business owners, it is difficult to keep up with the broader economic news while still trying to run a company. But as the headlines start discussing the likelihood of recession, it’s important for business owners to pay attention to the writing on the…
However, Effects of Rising Prices can be Managed It is generally accepted that moderate inflation is good for business. For one thing, inflation usually means the economy is growing, leading to higher demand. Inflation also encourages consumers to buy now rather than later. It can also make moderate price rises easier to sell to customers….
Inflation is roaring back. These tips will help you mitigate its impact on your organization. You’re no doubt feeling the effects of inflation at the gas pump, grocery store, and in supplies for your business. Economists are predicting that rising prices are likely to be a feature of the economic landscape for some time to…
8 Tips to Get Your Business Back on Track The COVID-19 pandemic destroyed many businesses. And, for those that are left, the future is far from certain. However, as the economy begins to pick up again, it is time to take stock of how the pandemic affected your business and plan for recovery. Businesses that…
From Cutting Costs to Collecting on Payments, How to Survive an Economic Downturn Since the coronavirus outbreak, we’ve seen the sharpest economic contraction in modern history with a staggering 32.9% drop in the GDP. As a business owner, you may be suffering from the effects of the extensive economic downtown and wondering what you…