Mitigating The Impact of Inflation

Mitigating the Impact of Inflation

Inflation is forcing entrepreneurs to rethink how they do business, and creative new strategies are emerging. From the labor shortage to supply chain disruptions, many factors are contributing to higher prices. Consumer spending habits are also evolving as a response, making certain goods and services more appealing to people while others are taking a backseat. So what’s next? Use this primer to get a deeper understanding of inflation’s impact on your business along with tips to help you stay one step ahead.

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Operating Your Business

6 Ways Restaurateurs Can Fight “Lunchflation” As Costs Rise

by Kaitlin Keefer, Deborah Findling

May 19, 2022 — 3 min read

Business owners are seeing the impact of inflation reflected in their day-to-day operations. With consumers changing their spending habits as well, what are some ways restaurateurs can fight inflation?

Operating Your Business

Here Are 5 Ways Restaurants Plan to Weather a Potential Recession

by Maya Rollings

Feb 10, 2023 — 3 min read

Amid an uncertain economy many restaurants are taking steps to ensure the longevity of their business. See what steps they're taking and determine which ones can benefit your restaurant.

Reaching Customers

How to Communicate Price Increases With Customers

by Kaitlin Keefer

Aug 31, 2022 — 5 min read

Finding the perfect balance among overhead costs, food costs, and profit margins comes down to the math, but how you communicate the changes to customers can make all the difference.

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Managing Your Finances

How Businesses Can Survive Inflation and Recession

by Shama Hyder

Aug 04, 2022 — 3 min read

According to the U.S. Chamber of Commerce's Q4 2021 Small Business Index survey, 71% of owners report that rising prices have significantly impacted their business in the past year.

Operating Your Business

What Grocery and Food Retailers Can Do to Prepare for Food Shortages

by George Lee

May 10, 2022 — 3 min read

Here are ways food retailers can minimize the disruptions that have been caused by inflation and product outages.

Managing Your Finances

What Is Inflation and How Does It Affect Small Businesses?

by Deborah Findling

Mar 14, 2022 — 4 min read

Small business owners say broader economic trends are having a negative impact on their business. The top three challenges they cited? Difficulty finding and retaining qualified employees, supply chain issues, and inflation.

Managing Your Finances

5 Steps To Minimize Inflation’s Damage to Your Business

by Inc.

Mar 14, 2022 — 3 min read

Build inflation scenarios and estimate how suppliers, customers, and competitors are reacting.

Managing Your Finances

How Fatbacks BBQ and Blazing Star BBQ Are Managing Cash Flow and Supply Chain Shortages

by Deborah Findling

Aug 25, 2021 — 4 min read

For Fatbacks BBQ and Blazing Star BBQ, managing cash flow amid changing cost of goods has been a challenge. Hear from them on how they're navigating changing costs and supply chain shortages.

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Preparing for Tax Season

Whether you use a tax software, work with a professional, or tackle taxes yourself, tax season can be a stressful time of year for any business owner. Depending on your industry, business-entity, and location, you may need to file anything from employment taxes to state specific taxes. Figuring out when these taxes need to be filed, where, and how can be complicated. Whether you are prepping for next year's tax season or brushing up after this one, check these resources for taxes business owners commonly file.

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