Tag Archives: raise prices

Inflation Up; Net Profits Down. Price Changes Needed for Many Small Businesses

*Note: This article was written before the 25% tariffs were announced. Unfortunately, more and more businesses showed an overall loss for the 2024 calendar year compared to past years. Having personally reviewed many 2024 profit & loss statements this 2024 tax season, it is apparent that annual net losses are running rampant. I am referring […]