IT’S WORSE THAN A RECESSION
Businesses operating in stagflationary times face two large headwinds: rising costs and declining customer demand. During stagflation, managers should search for ways to improve productivity, often by harnessing technology.
They can also reevaluate pricing schemes, improve supply chains, reduce debt and consider acquisitions. Those who successfully adapt to stagflation may find themselves better positioned for the economic boom times that inevitably follow.
Know How To Recession-Proof Your Business.
About the author : Darlene
Darlene Gagnon is an award-winning entrepreneur recognized by the National Association of Women Business Owners and is an Enterprising Women Inspirational Entrepreneur. She served on the board of directors for Entrepreneurs’ Organization and has mentored entrepreneurs and start-ups for over a decade. Her two companies, WeKinnect Global Branding Agency and Kinetic Promotional Product Services, have been recognized as “Best Places to Work” and “Largest Agency” by American City Business Journal. Both companies serve the US, Canadian, European, and Australian markets. Both companies are located in The Woodlands, Texas, with teams in Canada, the Philippians, and India. Her digital marketing and advertising agency services in English-speaking countries around the world.