Don’t duck the need to raise prices
Apr 22, 2022
3 minutes
Soaring inflation gives small businesses a real headache. Their own costs are increasing sharply, particularly since smaller businesses are rarely in a strong position to drive a hard bargain with suppliers. But they are nervous about passing on those costs to customers by raising prices – fearing that doing so could lose them business.
However, with inflation now running at 7% in the UK – and tipped to go higher – small business owners cannot afford to ignore this problem. Unless
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