Unlock the Untold Secrets to Skyrocket Your Business Profits When the Economy Throws Curveballs—Most Entrepreneurs Miss These Game-Changing Moves!
Inflation
Since inflation causes the costs of goods and services to rise, you might assume it would increase profits. Unfortunately, it usually decreases them instead. That’s because it also increases the cost of your raw materials and production costs, while also limiting the customers who can afford your product.
Interest rate
As the interest rates set by the Federal Reserve continue to increase, the purchasing power of consumers rapidly decreases. High interest rates make it more expensive to spend money, so many choose to save it and only spend on necessities instead.
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