University of Houston Small Business Development Center
In this tight labor market businesses are trying to figure out how to attract and retain employees. Increasing compensation is at the top of the list but for a business to remain profitable its not always feasible. Understanding the effects of increased compensation expenses as it relates to pricing your products and services is critical to your financial forecast. Join us as we share how your labor costs tie into key financial data points and how to use forecasting assumptions and scenarios to make sound financial decisions.
During these webinars on inflation and supply chain issues most of the conversation will be based on identifying assumptions about your business and market, how to monitor when assumptions need to be changed, and understanding how forecasting can be used to make changes. This is a step towards being proactive in business rather than reactive.
Rebecca Schultz, Founder and Executive Loan Consultant, Synerlock Funding
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