By Robert McGarvey

Inflation is at a 40-year high, and although it dipped a bit in recent months, it is still a lofty 7+ percent.

Unprepared businesses often sink in an inflationary era; however, there are savvy business owners who knew all along that the global economy is cyclical. It has ups and downs — periods of rampant inflation and periods of price stability, occasionally even deflation (notably in 2009 with the Great Recession), where prices go into freefall.

Continued at Startup Savant