According to the Bureau of Labor Statistics, The Producer Price Index for finished goods showed an admirable gain of 0.4 percent in December, seasonably adjusted. Through earlier stages of processing, prices of producers of intermediate goods rose by 0.6 in December. Additionally, Crude Goods index climbed 2.4 percent.
These mild increases are a good sign. They fall short of fueling an overpriced market, while demonstrating a strengthening economy that can afford gentle growth.
Why is this BLS Report this Important?
For the past couple of years, we've faced a very challenging economy and business atmosphere. Some saw huge success, while most were in a virtual survival mode. As we enter 2014, the feeling through many of my business associates and clients is a slight feeling of relief. The nail-biting years of 2012 and 2013 are behind us and indications are of a good 2014. Currently, I don't see anyone exuberant over 2014, more of a cautious deep breath of and relax for a moment as businesses get into a regular routine again.
Frugal or Penny Pinching Tight-Wads
Successful business for 2014 will occur with caution, in every area of expense. This includes labor, cost of goods and materials, marketing and advertising, as well as direct overhead and office expenses. More of a hands-on and active management style will show forth in 2014, as the need for frugality clashes with very real needs for a properly compensated workforce, proper working conditions, quality in materials, products and services, as well as good marketing and advertising activities. It won't be easy, but it will be much better than 2012 and 2013.
As mentioned in other articles, those Businesses that have survived 2012 and 2013, mostly did so with tribulation that challenged them to tighten many areas of weakness. These companies are like steal pulled from an oven and cast into a vat of oil to harden it. If you are looking at a New Franchise for Sale, you will also notice the Franchise has probably been refined and tightened a bit through the past couple years of experience. Buyers, you have opportunities to look at New Franchises and existing Businesses that could be in a better position for growth and profitability than ever before in history. The economy is strengthening and I have found many Businesses for Sale to be in a great position for the future.
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