Business Owners & Entrepreneurs Podcast With Peter Boolkah | Business Coach | The Transition Guy®

Many businesses are at risk because of the current inflation storm, and they need to become better at dealing with the depreciation of money and rising costs. In today’s episode of The Transition Guy, I’m joined by Simon Severino, the CEO and founder of Strategy Sprints, as we discuss how to tackle inflation and share measures to control inflation in your business.One of the biggest challenges that most global economies are facing is inflation. The last occurrence of inflation of this kind in European economies was in the 1970s, so for many businesses, this is a new phenomenon.Currently, we are seeing inflation spiral out of control. To top it all off, there are other post-pandemic issues that businesses are facing such as supply chain challenges. For this reason, business owners must develop measures to control inflation to ensure their business’ survival throughout this period.Realistically, this inflation period could last a couple of years. As a base case, I'm looking at an inflation of around 14%, w