The Rising Costs for a Small Business
Quite often it’s so easy to be immersed in the work that’s generated by your small business that you forget about what it is costing you to do business.
Of course your costs should be passed on to your clients but have you stopped to look at what your costs really are. Here in Australia the cost of fuel is continuing to rise and a recent Dun and Bradstreet survey has found that many businesses have reached the point where they will have to increase their charges to cover the increase in fuel prices.
Have you been paying attention to the impact the increasing cost of fuel is having on your small business?
I would like to be able to say that there has been no impact on the cost of running our small business because we don’t rely on a motor vehicle for deliveries or getting around to see clients. However, if I did that I would certainly be short-sighted.
The cost of fuel impacts on every small business whether it’s a home office based business or not because everything we buy has some dependency on fuel and every producer of goods is going to pass his costs on to the consumers of those goods.
