Managing increasing business costs
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Description
Businesses face a perfect storm of cost increases driven by the scarcity of key resources and flow-on inflationary pressures. Energy prices are out of control. Labour shortages have seen some businesses pay overs to hang onto staff - with many now facing wage increases to boot. As a result, many businesses have to do jobs at cost – or knock them back entirely. In this episode, Alex and Dave explore solutions to the cost challenges facing most businesses, including the all-important question of when to pass on increased costs to customers. Because ultimately, if you’re not making a profit… why are you in business? #business #legal #WealthActivism #finance #inflation #businesscosts #podcast #melbourne David Murdoch is Wealth Activist at paxtonbridge.com. Alex Martin is Director of tauruslawyers.com.au. No drinks were harmed in the making of this episode.
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