Inflation and rising APR are on an upward trend with no end in sight. As a business owner, you will be facing some tough decisions. What can you do to combat rising interest rates and the impact of inflation? It all starts with dedicating some of your brainshare to finances. Here are a few key points to consider -

After the recent bank failures, is your money in the safest place? You don't need to become an expert on your bank's financials, but it is worth thinking about the risks to your business.

How are rising interest rates affecting you? What about your customers? Formulating a workable strategy requires assessing the problem from all perspectives. That’s the only way to find a balanced solution.

Finally, where does your money go? Plugging little cashflow leaks will help protect your business. Look closely at how you are using (or misusing) credit cards, credit lines, and business loans. Find no-cost or low-cost ways to improve customer relationships. And don’t be afraid to consider pivoting.

We've just scratched the surface; that's why we dedicated a Decompression Session to Inflation and APR. Click HERE to learn more!