Inflation has become one of the most searched words on the internet in 2022, and it’s a sign that many things will get more expensive. More than just everyday necessities, business owners also have to factor in various added costs on existing projects, especially marketing and client acquisition. What should business owners prepare for during inflation, and what should be our mindset?
In this episode, I discuss how businesses can stay competitive in their respective industries despite inflation. I share some of the different costs that will likely go up, especially overhead and marketing. I describe how inflation affects everyone regardless of status and why business projections need to be reviewed. I also explain what we can still expect to see before the year ends, especially regarding topline revenue.
“We have to be realistic to the fact that we may not be as bullish on our projections as we have been.” – Adam Rundle
This week on the Expensive Advice Podcast:
How to be competitive in the market despite inflation
Inflation and its effects on business owners
What we’ll see in the coming months regarding topline revenue
The different costs that would likely increase
Why we have to be ruthless when it comes to overhead
Turning Boring Money into FUN Money
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