This is episode 1052 of the Arete Coach Podcast with host Severin Sorensen on 'Navigating Inflation." In the episode, we explore what inflation is, the uncertainty and fear it can cause, and what executive coaches, business owners, CEOs, Presidents, and key executives can do to coach do to navigate inflation. We end the podcast by exploring over 20 ways business owners can raise prices today to increase profitability with the aim of not losing their customers. Not since 1982 has the US economy experienced inflation at the rates we are experiencing now. Bankers define inflation as a rise in the general price level. In this episode, we review current trends, evidence of inflation, and six typical tools used by central bankers to tamp down on inflation. We end with what businesses and executive coaches can do to help prepare their companies for inflation challenges of rising input prices, rising wages, and decreasing purchasing power from inflation. We review cost-cutting strategies and price-increasing strategies. More on the topic is available at AreteCoach.io. The Arete Coach Podcast seeks to explore the art and science of executive coaching. You can find out more about this podcast at aretecoach.io. This episode was produced on December 12, 2021. Copyright © 2021 by Arete Coach™ LLC. All rights reserved.

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