Secure the Bag

Economic Trends

At this point, we’re all feeling the effects of the last 2 years of broader economic trends. Chances are you’ve experienced the increased cost of goods and services, supply chain issues, or difficulty with hiring. If not, where do you live and can we stay with you? Just until things cool off around here. 🥵

The truth is inflation is not going anywhere, boss. The Federal Reserve recently raised interest rates, by 0.25%, for the first time in 3 years. They also projected that rates could be raised again, this year. But, that doesn’t mean your outlook needs to be bleak. Being boss means staying informed and taking control of your money. So, if you haven’t already reviewed your current pricing, it might be time to take a look and consider raising your rates.

For now, we’ve got your back with some fresh money links.

Money Talks

• Worried about rising costs and sinking revenues? Learn simple strategies to overcome inflation with Profit First. (webinar)
  
  
• President Biden’s 2023 budget proposal allocates roughly $914 million to the SBA. Learn how that could benefit your business. (article)
  
  
• Are you paying yourself enough? Here’s how you can secure your paycheck as a small business owner. (article)
  
  
• If you are looking for a new tactic to encourage more sales, a pay what you want pricing model could help your biz. (article)
  
  
• Want another way to grow your business? Encourage your team to learn and grow. (podcast)
  
  
• Looking to cut back on your business expenses right now? Check out this list of 13 areas where you could find some savings. (article) 

Are you putting off living a life that feels rich and exciting because you believe your current income won’t support it? Save your seat for this live 60-minute workshop and Q+A session exclusive to the Clubhouse tier of the Being Boss Community.

Join the New Economy

• More and more people are becoming solopreneurs and changing the economy in the process. (article)
  
  
• On the fence about starting a new business right now? There will always be obstacles but economic uncertainty can bring an advantage. (article)
  
  
• Not everyone is comfortable making the leap to full-time biz owner. Here are some tips for knowing when you can quit your day job. (article)
  
  
• It isn’t always the economy. For new and experienced bosses alike, over delivering and scope creep can affect more than your bottom line. (podcast)

What’s Fresh

• After spending $2.8 billion for a 9% share of the company, Elon might not be taking a seat on Twitter’s board. (article)
  
  
• If you need proof that revenue isn’t the only money metric, Warby Parker’s net loss grew by over $40 million in Q4 despite posting gains. (article)
  
  
• If all this money talk has you needing an escape, check out these Youtube channels and get lost in a project. (article + videos)

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