According to a recent SCORE report, almost 2 out of every 3 businesses have seen inflation cut into their bottom line. Overall inflation reached 8.3% – but food and energy are up 9.3% and 33.9%, respectively. That means less money to invest in growth, employees, and for small business owners to take home. Both owners and employees alike should take note and take action steps to lessen inflation’s impacts. Here are a few top ways to adapt to inflation. If inflation is hitting your business hard, let us know and we can continue this conversation during summer planning.
For Small Business
These are just a few of our top ideas for responding to inflation. But, none of this is advice for you personally or your individual business. If you would like personalized advice, let’s have a conversation about other ways for you to respond.