A frequent recommendation for how to navigate the current economic uncertainty is to be more diligent about controlling expenses, and focus on profit. (You'll see; we challenge that below.)
Hmm. Concentrating on profits is easier said than done in today's environment, with cost increases proliferating under the umbrella of inflation.
Hmm. Concentrating on profits is easier said than done in today's environment, with cost increases proliferating under the umbrella of inflation.
- Workers are able to "shop around" for higher wages and benefits.
- Shipping costs are increasing.
- Fees for online services are increasing.
- Transaction costs, from listings to advertising to warehousing to fulfillment for e-commerce services are increasing.