How Much Should You Charge to Offset Inflation for Your Small Business?
If you haven’t increased your prices in the past year, you are losing money on a daily basis. With overhead getting more expensive and the neverending supply chain issues, small businesses must reflect these changes in their pricing model.
Use Finli’s simple Inflation Calculator and find out exactly how much you should increase your prices:
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More On Inflation
For a while, predictions about inflation were everywhere but it was anyone’s guess as to how they would impact us all. Today? Inflation can no longer be ignored, with the U.S. inflation rate recently topping…
Does inflation affect small businesses?
Yes. Businesses, small or big, have been negatively affected by inflation. With almost all prices increasing (products and services), your pricing model should change as well. If you want to know exactly how much inflation is causing you to lose money, use our inflation calculator above.
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How do small businesses deal with inflation?
In order to deal with inflation, small businesses are increasing their own prices, improve productivity, cutting down costs and streamlining client payments. If you need a great tool for easy invoicing, recurring payments and effective client payment management, try Finli.
How much should you be charging for your services in 2022?
Have you ever wondered if you’re charging enough? When was the last time you increased your prices? Should you charge more for your services to keep up with inflation? You’re not alone.
85% of small businesses are concerned about the impact of inflation on their businesses.
Finli loves small businesses, so we’ve built a simple test to help you understand where your prices would be if you raised them at the same rate of consumer price increases.