Your Business on Purpose

E51: Mastering Business Finances In An Inflation Era


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The impact of inflation on small businesses can create obstacles they must maneuver. Donnette Palmore, podcast host and experienced business owner, draws on her own challenging experiences in her quest to provide practical advice to fellow entrepreneurs on how to effectively navigate the current economic climate. Palmore begins by discussing her journey with personal and business experiences, sharing insights into the effects of inflation and how understanding the broader context can empower others to find success during these challenging times. She talks about accepting the reality of inflation and embracing adaptability as a survival strategy for small businesses

The resources mentioned in this episode are:

  • Refocus your business and personal finances to adjust for inflation.

  • Evaluate your business expenses to identify essential and non-essential costs.

  • Consider adding an online product or course to reach a wider audience.

  • Determine if it's time to raise prices or offer a different product or service to maintain profitability.

  • Seek coaching or consultation to reevaluate your goals and develop a strategy for success.

  • Contact Dawnette Palmore through her website www.yourmoneyonpurpose.com or social media for a free consultation.

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    Your Business on PurposeBy Dawnette Palmore