Inflation has recently increased by the largest amount in 40 years in the United States. That means higher consumer prices for groceries, fuel, and everything else. An estimated 45 percent of households are currently struggling financially due to inflation. Businesses are impacted too.
Inflation causes customers to have less to spend on products and services, and the cost of doing business increases. Plus, when employees’ salaries are shrunk by inflation rates, that means they’re, in effect, incurring pay cuts. That can lead to lower job satisfaction, reduced engagement and productivity, and increased turnover costs.
Below, we discuss two big ways medium-sized businesses can significantly increase cash flow even during extreme inflation.
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After attending the virtual Vistage Executive Summit in Philadelphia, PA, one of the important takeaways was the.
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Topics: outsourced accounting services, bookkeeping services, accounting services, government accounting, cloud-based accounting, financial management, online accounting services, expense management, outsourced services, business planning, outsourced bookkeeping services, accounting for professional services companies, accounting trends, professional services
As we’re already halfway through the first month of 2021, we thought it might be a good time to share our plans for the.
