Close your books on the first half of the year. Take the time to assess your activities year to date (e.g., sales, expenses, profits). Is it time to revise your business plan, adjust your budget, change your marketing tactics? For example, the year-on-year rate of inflation as of May 2022 rose to 8.6%, affecting the price of inventory items, compensation to employees, and more. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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