The Passionate Entrepreneur - The Weak Dollar and You

If you're not planning to attend a cooking course in Italy (which I highly recommend, by the way), what does a weak dollar have to do with you and your business?

Quite a lot, actually. Let me simplify -- or oversimplify -- the economic effects of a weak American dollar to you:

* As the dollar gets weaker, it costs more to buy foreign goods, including oil. Thus, the price of everything America imports increases, as does the cost of shipping and energy. That means the raw materials and supplies for your business get more expensive.