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 a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.
