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Feeling the pressure of inflation on your business? With the increasing cost of raw materials, rising overhead costs, and higher interest rates, business owners are. At YourBigPic, we can help you understand how inflation affects your business and put strategies in place to prepare for any future inflation. With our expertise and guidance, you can gain Financial Freedom and be in control of your business. Don't wait till it's too late, contact us today and get the upper hand on inflation!

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In this talk, Hywel is discussing how inflation can affect businesses. He talks about how the increase in raw material prices can lead to cost-push inflation, which can cause businesses to increase prices, leading to a decrease in consumer purchases. Rising costs, higher interest rates, and supply chain disruptions can have a negative impact on businesses.

Additionally, inflation can provide opportunities for investments; however, borrowing money will be more expensive. Foreign exchange effects can be affected by inflation, which can have a negative impact on businesses that deal with other countries. Hywel concludes by saying that YourBigPic can help businesses to understand how inflation affects businesses and to prepare for any future inflation.

  1. How is your business currently being affected by inflation?
  2. What strategies have you put in place to prepare for any future inflation?
  3. Are there any areas of your business that are particularly vulnerable to inflation?
  4. How do you think inflation will affect consumer purchasing in your industry?
  5. What do you think are the most effective ways to stay ahead of inflation?