How Small Businesses Can Beat Rising Commodity Prices - Proactive Strategies |
Rising commodity prices are the bane of many a small business. Commodities like oil, wheat, rice, gold, and others have been seeing a steady increase since the beginning of the sub-prime mortgage crisis and look set to rise steadily as 2008 carries on. Historically, rising commodity prices have been detrimental to many small business owners. How does a small business weather both a potential recession and an increase in the cost of raw materials? In this article, I provide some sensible strategies that any small business owner can use to weather the storm of increasing commodity prices.
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