Description:

As small business owners, we have been living with inflation for over a year now. News stories continue to predict Recession and Stagflation. But what do these terms really mean? And what do they really mean for small business owners? In this webinar we will define these terms, and discuss the likely impacts of these situations on small businesses. Using this information, we will define how small business owners can forecast the economic effects of these situations on their specific business and then be prepared to mitigate those impacts to maintain sufficient profitability and cash flow to weather the economic storms that come our way.

This webinar will also discuss the phenomenon of "local stagflation" where significant, rapid, price increases on specific raw materials can drive a specific business sector into a stagflation-like situation. We will illustrate this with a current example in the food-service industry.

Presented by: Warren Mueller, Former Business Coach, North Idaho Small Business Development Center

Warren managed an international defense contracting business for 15 years, specializing in surface-ship and nuclear submarine applications to meet a demand for fire-resistant materials. He spent the next 15 years of his career in the international specialty chemical and plastics industries, driving business and market growth in emerging markets like Asia, The Middle East, and South America.

North Idaho Small Business Development Center – North Idaho Small Business Development Center provides one-on-one, professional business coaching that helps small-business owners accelerate their businesses success. We offer the tools, resources, expertise and peace of mind to help you feel confident and supported in taking your business to the next level, no matter where you are in the process. Best of all, our coaching services come at no cost to you because we’re funded by the U.S. Small Business Administration, the State of Idaho, and North Idaho College all who want to see businesses like yours succeed. https://nisbdc.com/

Hosted by: North Idaho College

Disclaimers: The information provided in this webinar and any supplementary materials provided to registrants are intended for educational and informational purposes only and does not constitute professional financial or legal advice. No registrant should act or fail to act on the basis of any material contained in this webinar without obtaining proper financial, legal, or other professional advice specific to their situation.

The North Idaho Small Business Development Center, and its host, North Idaho College, specifically disclaims any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the information presented in this webinar.

By registering for this webinar you acknowledge and agree that you have read, understood, accept and agree to the above disclaimer and that under no circumstances shall the North Idaho Small Business Development Center or it’s host, North Idaho College, be held liable for any claims, losses, or damages of any kind or nature arising out of or in any way related to the information provided in this webinar and/or the registrant’s use of or reliance on said information.