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We’ve all known the feeling of purchasing something routine – a tank of gas, a cup of coffee, deli meat, diapers, you name it – and noticing the total is considerably higher than the week before. Usually, inflation invades our lives very subtly, slowly raising costs, but in the past year and a half, it’s been quite rapid and impossible to miss.
No one feels the sudden weight of inflation more than small business owners, operating with a vigilant eye on all expenses. Surviving the inflation surge can be difficult, so here are a few tips to help:
Inflation is best beaten with as much preemptive action as possible. Applying these tips will look different for every business, but we believe we can survive this together.