Foodstuff prices are rising, and in our conversation yesterday, we also talked about chicken, beef, and the lack of lettuces from the marketplace.
We also talked about price rises that the market will stand. Having been hammered with COVID, with his shops closed, and now landlords wanting their money before we can plan any restructure, it’s going to be hard going.
But, at Your Business Angels, we have done all the tough jobs over the last 28 years. While with our client with the food outlets, we are constantly changing the tactics to get through, in this case, the strategy of having three great businesses reopened and running well and compliant still stands – even if it feels like a million miles away now.
We often talk about “what is the next sensible thing to do?” In keeping a business on the road to recovery.
For many of our clients, remaining profitable and not being beaten in the marketplace it’s about asking that question constantly. If you are a constant reader of our blogs, you will see we focus our clients on pricing and being careful with quotes.
The Reserve Bank Governor has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he’s not sure how high they might go.
Key points:
That’s all code for “and it will go higher”.
Being sensible now will save any panic later.
