For me l can say that, the running of businesses in general has become so difficult due to the higher prices on almost everything and high imposed taxes on the businesses by the ruling government in my country. What is the situation in your country?
With the higher rates of inflation, what kind of business do you think can thrive?
- Thread starter Stardom22
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There is no singular business that has not been affected by the inflation. Just maybe, food and other sundry basic needs would see reasonable sales more because people are still consumer it regardless.
You can sell groceries and food and still make good sales. These are two areas that people spend money on
The only kind of businesses that can thrive during this time of inflation rates being so high up, the only business that can survive is the business for dealing with the food stuffs and other basic items.
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I believe in the food industry because it is vital for survival. Given that people can't live without food, I think it is a great business idea that can thrive even during times of inflation.
The business that deals with the selling of the petroleum products will ever thrive as no matter what people will be traveling just as usual even in the time of inflation.
