Small Biz Ahead
A Podcast By Small Business Owners, For Small Business Owners
7 months ago

Shrinkflation: Is It a Good Cash Management Strategy to Use?

Episode Notes

Hey everybody, it's Gene Marks and welcome to the Hartford Small Biz Ahead podcast. Thank you so much for joining me. This week, I wanna talk to you about a little cash management strategy. Particularly these times of, well, higher inflation obviously, certainly higher costs. We're trying to maintain our overhead. For many of us we're facing a sluggish economy or sluggish demand. And obviously every penny counts. And people, people are often asking like how do we get by? Should we, can we get away with raising prices again in this inflationary environment? And I think you will agree that, most companies did raise prices over the past couple years as inflation, was what it was. But now that inflation has been brought a bit under control, less companies are using that as a strategy.

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