Survive and Thrive in business during these inflationary times

The current economic cycle manifests itself as an inflationary cycle. Many current business have only been in business during the deflationary period from about 2007 onwards and have no PRACTICAL experience of trading in an inflationary cycle. While your business fundamentals stay upright, your strategy and business tactics need to change so as to reflect the reality of trading during an inflationary cycle.

Blaise will address some of the strategies and the tactical realignments you need to make in your business and will give you a flavour of the variables you need guidance on, so that you can be more professional and start to build your WEALTH irrespective of the macro environment. With the right set of “tools” you too can have real business success both during an inflationary cycle as well as a deflationary cycle. You just need to be sharper. Here are 14 strategies / tactics you need to build your appropriate business capacity around.

You need to fine-tune your strategies during inflation trading period

• Capital structure of your business.
• Establish your Differentiation.
• Plan Short Term to survive and Long Term to build wealth.
• Reduce UNIT costs.
• Automation /Technology / systemisation.
• Early pricing tactics.
• Costing based on replacement costs of material.
• Engage with your key people.
• Sourcing tactics.
• Build inventory.
• New recipes / formulations.
• Kill the identified tails to your business.
• Protect your Working Capital and reserves.
• Reduce exposure to bad debt.

Blaise will take you through the PRACTICAL detail of these business variables to assist you in developing practical Action Plans, so that you can equip yourself to be an even better businessperson into the future, irrespective of the prevailing cycle type.

Trainer:

Blaise Brosnan,
Management Resource Institute