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Surviving Hard Economic Times... What the Bible says

Businesses today are grappling with numerous challenges due to harsh economic conditions we in. Rising inflation has led to increased costs for materials and labor, squeezing profit margins and complicating pricing and production strategies. Concurrently, supply chain disruptions continue to cause delays and elevated expenses, making inventory management and customer satisfaction more difficult. Additionally, decreased consumer spending driven by economic uncertainty is impacting sales and revenue, while higher interest rates restrict access to capital, making borrowing more expensive. Frequent regulatory changes add to the compliance burden and costs. Companies must also invest in technology to remain competitive, though the rapid pace of change can be daunting. Energy prices are rising, significantly affecting operational costs, especially for energy-intensive sectors. Finally, market volatility creates uncertainty, complicating long-term planning and investment. Navigating these interconnected challenges requires agility, strategic foresight, and often, innovative solutions. In this video, Patrick King'ori presents some tips from the Bible on how Christian entrepreneurs can go beyond surviving harsh economic times.. and actually thrive.