Embark with me, Wyatt Yates, on a transformative journey through the evolving landscape of business ownership in our first episode under the new banner of the Biz Academy Podcast. After three years of financial coaching and a significant rebrand from Rugged Financial to Biz AccountPros, we've become a beacon for business owners in need of outsourced accounting expertise. As your guide, I'll share the personal saga that led to expanding our horizons and how my solo venture blossomed into a team driven by a mission to streamline your business operations with the latest technology and expert accounting professionals. Prepare to uncover the secrets of business growth, from startup struggles to scaling success, and learn how to harness the power of informed decision-making for your enterprise.

This episode is not just an introduction; it's a pledge to arm you with a wealth of knowledge gleaned from nearly two decades immersed in the small business world. Whether you're nurturing the seeds of a new venture or cultivating an established commercial garden, our discussions will be packed with enlightening insights and strategies, tailored to both the budding entrepreneur and the seasoned business owner. I invite you to join us in tackling the exhilarating challenges of small business management, where we'll share stories, impart lessons, and offer actionable tips that promise to fuel tangible growth and success for your business journey.

Inflation in the U.S. is at a 40 year high of 7.5% in January 2022. However, most people's bank accounts are experiencing a much higher number. The reason is, there are some major misses in how the BLS calculates the CPI number that is the gold standard in inflation. In this episode, we discuss the 6 biggest issues with how we calculate inflation that ends up giving us a lower number than what most people are experiencing. 

This is part 1 of our 3 part series on inflation. Inflation measured by the Consumer Price Index (CPI) hit a 30 year high in October 2021 at 6.2%. However, depending on your situation you may be experiencing higher or lower price increases with your spending. How is that possible? Why are you experiencing a different number than what the news channels are telling you?

In this episode, I dive into the reasons behind how what you are experiencing is most likely different than what you are hearing. How is inflation calculated? Who calculates it? What is missing from the calculation? Do your spending patterns match the average spending patterns used in the calculation of inflation? What areas of consumer spending are experiencing the highest increases in prices? Listen to find out.