Hendrith Vanlon Smith Jr: Inflation %

Posted by admin on Sunday, November 20, 2022

Meaning of Hendrith Vanlon Smith Jr. Money Quote: saying One business expense many owners fail to budget is inflation. Hendrith Vanlon Smith Jr. said:
 
You have to include inflation in your annual revenue and expense forecasts. You have to treat inflation as an annual fee your business pays into the economy Quote
 

“You have to include inflation in your annual revenue and expense forecasts. You have to treat inflation as an annual fee your business pays into the economy. If inflation is 2% for example, that means the economy is charging your business a 2% annual fee and so you gotta make sure your income and total assets grow at minimum 2% annually just to keep up” — Hendrith Vanlon Smith Jr

 

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