Eight tips for dealing with inflation
August 4, 2022
Women’s Business Center director
Center for Rural Affairs
During the first quarter of 2022, 85% of small business owners said their business was affected by inflation, and 67% were forced to raise prices, according to the U.S. Chamber of Commerce.
Inflation can be catastrophic for small businesses and many owners are worried. However, small businesses can be more flexible and responsive to shifts in markets and in demand than their larger counterparts.
Here are some steps to take:
Resist the urge to wait it out. Financial adjustments may be needed. It’ll take awhile for...