Top Secrets Of Promotional Products Sales

Being Profitable, Even with Higher Costs

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Synopsis

Being profitable is important, even with higher costs. Generally small and medium-sized businesses want to hang onto their staff. We want to keep our people. We recognize that we’ve got responsibilities to people other than ourselves. What I’ve been seeing though in the news lately, is that a lot of larger companies see this stuff coming and they’re like, okay, we’re cutting costs. We’re laying off 10% of our workforce, that sort of thing.  So it’s different, depending on the size of your business and depending on your mindset, what you are willing to do and how much pain you’re willing to take when it comes to absorbing some of these extra costs. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland and I will be discussing the idea of being profitable even with higher costs. Welcome back, Jay. Jay: Thank you so much, David. What an important topic. So many businesses are experiencing this right now. Their costs have gone up. Inflation is affecting everybody right now. So