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Dice Financial Services Group
1716 N. Sanborn Blvd, PO Box 790
Mitchell, SD 57301
Phone: 605-996-7171
Toll Free: 800-658-3603
Website: www.dicefinancial.com
March/April 2023
Business Owners Strive to Counter Inflation
In Fall 2022, the U.S. Chamber of Commerce Small Business Index listed the impact of inflation as a major concern of 90% of small business owners. Business owners who consider inflation a significant challenge to growth and profits may want to take steps to counter its effects.
What about Cash?
Because supplies and labor are more expensive, your business’s profit margins are likely shrinking. While there’s nothing you can do about inflation, investing some of your cash to stay ahead of rising market prices may be a smart move. Your financial professional can recommend appropriate investments.Judicious Moves
While you want to maintain a good rapport with vendors be cautious about making loans and extending lines of credit. Keep a close eye on spending and expenses. Proceed cautiously with any new strategies you’re implementing, while ensuring that products move to market at a reasonable pace.Insurance Review
Outdated insurance coverage limits could make it impossible to recover from a major loss. Review your insurance policies.CONTACT US
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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Insurance Services offered through Dice Financial Services Group.
Dice Financial Services Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
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