Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy®
The 3 Strategies That Will Help You Tackle Inflation with Simon Severino
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Many businesses are at risk because of the current inflation storm, and they need to become better at dealing with the depreciation of money and rising costs. In today’s episode of The Transition Guy, I’m joined by Simon Severino, the CEO and founder of Strategy Sprints, as we discuss how to tackle inflation and share measures to control inflation in your business.
One of the biggest challenges that most global economies are facing is inflation. The last occurrence of inflation of this kind in European economies was in the 1970s, so for many businesses, this is a new phenomenon.
Currently, we are seeing inflation spiral out of control. To top it all off, there are other post-pandemic issues that businesses are facing such as supply chain challenges. For this reason, business owners must develop measures to control inflation to ensure their business’ survival throughout this period.
Realistically, this inflation period could last a couple of years. As a base case, I'm looking at an inflation of around 14%, with slow growth as its main symptom. Currencies are imploding, and the value of money is decreasing while costs are increasing.
So, what can you, as a business owner, do to prepare your business for the consequences of rising inflation, rising costs, depreciation of money, and slowdown of growth? Watch until the end to hear how to tackle inflation, and what measures to control inflation you can apply in your business from Simon Severino.
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ABOUT PETER BOOLKAH
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
So if you are scaling up your business, you’re in a business transition period, and want to know more then connect with Peter at Boolkah.com
THE TRANSITION GUY
Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy’. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.
As a business owner, transitioning your business is all about setting and reaching your goals as well as business transition planning and process.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? If you answered YES then The Transition Guy is for YOU!