Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Impact of Inflation on Small Businesses
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Shaf, post: 283405, member: 25467"] The COVID-19 pandemic provided the perfect weather for the current inflation we are seeing and things are not looking good now or in the foreseeable future. There were supply chain issues, decrease in supply with increasing demand for a while, people lost their jobs as businesses could no longer support them. The provision of stimulus checks also lead to a temporary increase in the amount of money circulating, leading to increased prices. This rising inflation affects everything and small businesses are hit hard, some of them have to close completely because they can't afford to run continuously at a loss. There is an increase in costs of operational services and production. Labour has decreased but the cost of hiring the few available is now higher than it was before. This will directly lead to a decrease in the profits you can make as a small business. Inflation also affects the purchasing power of consumers, making them cautious about how they spend money. Often they look for cheaper alternatives or forfeit some things entirely. A small business owner should look for ways to cope so that you don't run out of money and resources to remain solvent. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Impact of Inflation on Small Businesses
Top