https://virtualcmo.expert/ Inflation Forecast 2021: How To Prosper During Rising Costs inflation Is an Increase in Price Levels Inflation is the opposite of deflation, which is a decrease in price levels. Since the 2008 financial crisis, the US economy has experienced very low inflation and even deflation. Outside of a few sectors, such as health care, Americans have not had to deal with many unusual price increases. In 2021, however, as Reade Pickert and Vince Golle explain at Bloomberg, “Americans are likely to see prices jump across a variety of sectors next year, thanks in part to Covid-19 vaccines that will potentially turbocharge demand for such pandemic casualties as travel and tickets to sporting events.” Inflation Can Stimulate Parts of the Economy As with most things (especially when it comes to financing), inflation is good for some people and not for others. Moderate inflation has plenty of economic benefits: Higher prices encourage businesses to invest and expand. Interest rates go up, so banks start paying interest on checking accounts again. And higher wages, which will indeed come to certain sectors of the labor market, give workers an incentive to spend money. management Challenges Will Be a Little Different Next Year Early on in a period of inflation, corporate profits will increase because inventory costs may reflect pre-inflation prices – but wages will not increase right away. Over time, wages and costs will both increase, and depreciation will be based on historic costs that do not reflect actual replacement values. Managers will need to think about costs differently, and some will do better than others. debtors Benefit at the Expense of Savers If wages increase by 4% a year, then a mortgage with a 2.5% interest rate gets cheaper each year by comparison (essentially, if you owe somebody money, in a period of inflation you’re paying back your lender with cash worth less than it was at the time you originally borrowed it). However, a bank CD paying 2% interest would also lose spending power every year during inflation periods. Bond prices also fall. bottom line? Don't Wait for the Sale In recent years, consumers have been trained to “wait for the sale” – to avoid buying a good because it’ll surely be cheaper later. In a deflationary environment, goods do in fact go down in price over time. But under inflation, prices go up, so it doesn’t make sense to wait. (In a hyperinflationary economy, people essentially find that shopping is a better use of their time than going to work. If prices are increasing daily or even hourly, wages can’t keep up.) In 2021, act quickly based on real-time circumstances rather than what you expect to happen in the future – and think about whether you’re more of a debtor or ... https://www.youtube.com/watch?v=gwuok9iaEww

Buy my book today! http://bit.ly/bestbrandingbook Check out my Podcast: https://anchor.fm/caffeinated-content Contact me: http://www.edwindearborn.com/contact/ Connect with me on LinkedIn: https://www.linkedin.com/in/edwindearborn/ ​ Business Networking Basics: 3 Tips On Making Powerful Connections Business Networking is an important business activity by which business people and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures. In the second half of the twentieth century, the concept of networking was promoted to help business people to build their social capital. In the US, workplace equity advocates encouraged business networking by members of marginalized groups (e.g., women, African-Americans, etc.) to identify and address the challenges barring them from professional success. Mainstream business literature subsequently adopted the terms and concepts, promoted them as pathways to success for all career climbers. Since the closing decades of the twentieth century, "networking" has become an accepted term and concept in American society.[citation needed] In the 2000s, "networking" has expanded beyond its roots as a business practice to the point that parents meeting to share child-rearing tips to scientists meeting research colleagues are described as engaging in "networking". A business network is a type of business social network which is developed to help business people connect with other managers and entrepreneurs to further each other's business interests by forming mutually beneficial business relationships. Business networking is a way of leveraging your business and personal connections to help bring you regular supply of new business. There are several prominent business networking organizations that create models of networking events that, when followed, allow the business person to build new business relationships and generate business opportunities at the same time. A professional network service is an implementation of information technology in support of business networking. Chambers of Commerce and other business-oriented groups may also organize networking activities. There are multiple different types of networking groups though and the best type for each individuals varies depending on the business they are in and prospects they want to meet. A personal network is a set of human contacts known to an individual, with whom that individual would expect to interact at intervals to support a given set of activities. In other words, a personal network is a group of caring, dedicated people who are committed to maintain a relationship with a person in order to support a given set of activities. Having a stro ... https://www.youtube.com/watch?v=TCWBjFb_m08