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Inflation is the rise in the prices of goods and services caused by the increase in the money supply. Inflationary times are difficult for individuals and businesses alike, but small businesses are particularly vulnerable to its effects. Inflation can lead to a rise in the cost of goods and services, which can put pressure on small businesses' finances and profitability. It can also impact consumer spending and the overall economy. Inflation can be challenging for small businesses, but there are ways they can navigate the inflationary times. Below are some tips on how small businesses can protect themselves and survive inflation. 1. Increase prices: Small businesses can increase the prices of their products and services to counter the effects of inflation. This means that the businesses need to be innovative and should find ways to offer additional value to consumers to justify the price increase. 2. Cut costs: Small businesses can also cut expenses to remain profitable during infl...