Joe Jaspers photo

Joe Jaspers, CFP®

Vice President, Wealth Management

 

Carolinas Telco Capital Advisors

Located at Carolinas Telco FCU

9813 South Blvd, Suite 101

Charlotte, NC 28273

 

Phone:     704-391-5600

Toll Free: 800-622-5305, ext. 2608

Fax:         704-556-1652

 

Email: joe.jaspers@lpl.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Outdated insurance coverage limits could make it impossible to recover from a major loss.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.

1-05361023


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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Carolinas Telco FCU and Carolinas Telco Capital Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Carolinas Telco Capital Advisors, and may also be employees of Carolinas Telco FCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, Carolinas Telco FCU or Carolinas Telco Capital Advisors. Securities and insurance offered through LPL or its affiliates are:

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