The chamber is the Voice of Business and as the Voice of Business, thereโs something we feel the need to express to everyone in this community. Inflation is being felt everywhere, from Fortune 500 companies to solopreneurs just starting out.
However, the difference between large-scale companies and smaller ones are their reserves. According to JP Morgan Chase, the average small business runs with only 27 days of operating expenses in reserves. Increases in utilities, goods and services, real estate, and gas costs; supply chain issues impacting delivery; and employee shortages have taken a toll on businesses, especially our smaller ones.
In this challenging time, while you are dealing with your own concerns over stretching your paycheck, we want to share some things you might not realize.… Read the rest