Fiscal Cliff and Your Small Business Inventory Management

The fiscal cliff has been covered in numerous areas of the news. In particular, there are a few things to be concerned about when it comes to your small business. One concern is how closely you will control your costs. One means of doing so is taking charge of your small business inventory management. Stockpile is here to help.

According to the National Federation of Independent Business (NFIB), there are some major concerns on the impact to small businesses. With the potential decision to "increase taxes on all Americans who earn more than $250,000", this will impact small business owners. In this article, the president of NFIB is concerned that the increases will hurt the recovering economy by making companies more reluctant to grow.

Besides the potential impact on growth, there are other concerns for small businesses. As an example from the from 11 Alive News in Decataur, GA, these small business owners are feeling the stress from not knowing the outcome of the plans in Washington. Some business owners feel that it has already impacted customer spending based on the drop off in the number of sales leading up to Christmas.

According to Time article, there are also concerns on how big businesses might reduce their spending, or even just delay it, and this could leave small businesses looking for a way to reduce expenditures. As pointed out in the article, one way to reduce expenses is to cut back on the number of employees. Basically, this could send businesses into "survival mode" which would not be good for the economy.

As we wait on the outcomes from the fiscal cliff, you might want to start looking for opportunities to streamline your business. Stockplie might be one of your solutions to helping simplifying your inventory management with our free system. Go ahead and take a look so you can see what is available for you.

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