If you told someone 20 years ago what you saw coming, they would probably have thought you were arrogant or crazy. But now we are here in volatile times with a currency that is being beaten slowly to death. People somehow forget that a country’s exchange rate is one of the most important indicators of its economic health.
Have you ever been to one of those bar parties where someone has a tab running. The party goes on. The drinking continues like there is no tomorrow. After midnight the revellers in a drunken stupor leave, escaping any contribution to what they’ve readily drunk. If you are still there at the end of the evening you will see someone there making hasty phone calls or haggling after midnight desperate for someone else to pick up the tab. Continue reading “How to survive as a small business when your own currency is weak and volatile”