Navigating Inflation as an SMB

David Moore is the CEO of Blue Chip Mergers and Acquisitions in Charleston, South Carolina. He acknowledges that no one wants to contribute to inflation but says you may not have another viable option.

“As a small business owner, I’ve had to raise my rates on my services, even though I didn’t want to,” he says. “Failing to recognize when you need to do this could cost you large sums of money for years to come.”

In fact, Moore says he recently raised his company’s fee structure and began charging a retainer up front. “Marketing costs have increased dramatically as well as technology costs for software we have to use…

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