of how much of those costs they can afford to pass on to their customers without risking losing business.announcement, but the central bank still does not expect inflation to fall to its 2% goal until 2025.by 2023, but that would still mean several more months of businesses and consumers dealing with higher prices goods and services.
In the meantime, small business owners are taking steps to"fine-tune their business practices" to counter the increase in costs, according to Brett Sussman, Kabbage's vice president of sales and marketing. Kabbage's survey found that raising prices is the most popular remedy for business owners, with 37% saying that was their plan. Another 22% of respondents said they plan to negotiate better deals with suppliers in order to lower costs.
Others highlighted plans to cut lower-margin goods and services from their offerings to focus on areas of their business that would bring the greatest return on investment. While inflation is the economic factor on most business-owners' minds these days, many of them are also preparing for the possibility that the U.S. economy could fall into another recession.
MakeIt Don’t care.
MakeIt These are a very naïve business owners if they think it’s going to be a walk in the park . This recession will be very bad if you are not prepared . Especially if you are a business owner that need to deal with inflation , low customer demand and hard lending .
MakeIt अरे दलाली न्यूज नही थी आज कोई, जो इकोनॉमी पे बात करने लगे !
MakeIt Thank u person of the year Jerome Powell. Job well done. (But my 401k killed it for years of easy money) Now you're clueless. But wait. The genius of the free market economy might bail you out. Just get out of the F..ING way
MakeIt Small business is going to get crushed over the next 6 months
MakeIt Big corporations are rolling in profits.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxBusiness - 🏆 458. / 53 Read more »