Hendrith Vanlon Smith: Inflate Costs

Posted by admin on Monday, November 21, 2022

Meaning of Hendrith Vanlon Smith Money Quote: saying growing business income is necessary to cover growing expenses of inflation is critical. Hendrith Vanlon Smith said:
 
Inflation will make sure that expenses grow, so each business needs to make sure that it's assets are growing to at least compensate for those inflationary pressures Quote

“It’s important to always keep the business’ assets growing. Inflation will make sure that expenses grow, so each business needs to make sure that it’s assets are growing to at least compensate for those inflationary pressures” — Hendrith Smith

 

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Hendrith Smith is emphasizing the importance of continuously growing a business’ assets in order to counteract the effects of inflation.

The quote suggests that since inflation causes expenses to naturally rise over time, businesses must ensure their assets are also increasing just to maintain their existing value and purchasing power. Smith is advising that assets need to expand at least in line with inflationary pressures on costs, otherwise the business will fall behind financially.

The overall message is that stagnant assets leave a business vulnerable to erosion of profits and net worth from inflation eating away at the real value of their holdings. To stay competitive and profitable amidst rising prices, businesses must keep their asset base appreciating accordingly.

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