So, inflation has reached 5.1% and seems to be climbing …..
It’s an issue being felt around the world
- Russia-Ukraine war which has pushed fuel prices sky high,
- post-pandemic supply chain disruptions which have led to shortages in an array of industries.
- rising interest rates
In the 50’s like today there were skills shortages and rising inflation peaking at 23.9pc in 1951 as a result of Korean War and end WW2.
Property and construction sector generally booms in times of inflation !
HomeBuilder Grant and surplus savings from lack of spending during lockdowns - will create opportunities
Construction companies have been falling like flies - going into voluntary administration as a result of difficulty managing cashflow , meeting delivery timeframes and supply chain issues amid other challenges.
Prices are rising and the surrounding circumstances are extremely volatile and uncertain.
Business owners need to
- Keep a strong eye on the numbers
- balance capacity to deliver amid high demand
- Continue exploring new opportunities to meet client needs
Your accountng business will grow if you focus on adding amazing value to the clients you choose to focus on !!
RSM started in 40s and 50s and grew 250 pc
How are you going to 10X your business ?
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