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Facing escalating expenses in materials, health insurance and wages, small business owners are bracing for yet another year of price increases. Surging costs and the need to maintain profitability amid stiff competition have prompted uncomfortable conversations with clients about raising prices. Despite efforts like automation and strategic purchasing, businesses like SuperGraphics find it challenging to balance remaining competitive and sustaining operations.
To read more about how small businesses are navigating these challenges, read The Wall Street Journal’s full story here.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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