End to First Half of 2025

Close your books on the first half of the year and assess your activities year to date (e.g., sales, expenses, profits). It may be time to revise your business plan, adjust your budget, change your marketing tactics, increase employee compensation and benefits, or make other changes. BLS reported that the CPI (a measure of inflation) rose 2.4% for the 12 months ending this May, so inflation remains a concern for small businesses. In revising things, factor in continued high prices, rising minimum wage rates in some locations, and other costs into your budget for the second half of 2025. #IdeaoftheDay