How to Manage High Labor Costs

Labor costs are on the rise. Unfortunately, if not carefully managed, these rising costs can hurt a business’s bottom line. However, with a careful understanding and management of how to manage high labor costs, this doesn’t have to be the case, and businesses can still thrive while competing in today’s markets.  What are labor costs? […]

Resource Guide: What is Inflation and What You Can Do About It

What is Inflation? Inflation measures how much prices are going up on average and how much purchasing power is decreased over a certain period. For example, if inflation was 10% over the past year, your one dollar today can buy you 10% less than it could last year.  The Impact of Inflation on Small Businesses […]

What Small Business Owners Can Do When Inflation is High

According to the U.S. Bureau of Labor Statistics, inflation, as measured by the consumer price index (CPI), was up to 8.5% from March 2021 to March 2022. In a nutshell, this means that prices on the total of all goods and services we buy are up an average of 8.5% over the past year. Inflation […]