According to new research from Bank of America Securities, mentions of inflation by CEOs have exploded 800% year-over-year. With age comes some added responsibility to share experiences.
As inflation discussions have increased dramatically, I realized I have some experiences that many leaders have not had. If you are under 50 years old, you have never experienced inflation above 5% in your work life. You would have to be older than 60 to have seen inflation over 10%.
Proverbs 22:3 teaches, “The prudent see danger and take refuge, but the simple keep going and pay the penalty.”
Inflation can be brutal and destroy many businesses, so in this series I will discuss ways you can inflation proof your business. Preparing for inflation could save your business lots of money and pain.
