Jun 23, 2026 · 26 min · 10 segments
Are you working harder than ever but still feeling like profits aren't where they should be? With rising wages, increasing software subscriptions, higher freight costs, and customers becoming more…
Salena KnightHost
Here in Australia, our award wages, so our, our basic wage, just went up by 4.75% starting next month.

You guys in the US, your minimum wages have been climbing state by state for the last few years, and in some states they sit at around $17 to $20 an hour and above.

In Canada, businesses are navigating tariff pressures, trade uncertainty, and their own cost increases that are being squeezed from multiple directions at once.

Interest rates, depending on where you are sitting right now, have either stayed stubbornly high or they have gone up after people thought that the relief had arrived.

Inflation is still above target in most markets, and this is hitting you twice.

Your cost of doing business has gone up, wages, freight, platform fees, packaging, lease renewals.

I just logged into my Notion account to discover [laughs], I can't believe it, we added a new team member and I needed them to connect their Notion to Asana and to our CRM, and she kept coming back to me and saying, "Uh, it doesn't work.

It doesn't work." It's like, "Oh, you're gonna have to get onto support because it works for everybody else," only to discover the plan that we are on has deprecated all of those connections.

And so we now have to pay double for every single seat in our business who uses Notion to be able to access the things that we accessed just a few months ago.

And your customers, they are standing there at their own front door looking at [laughs] three bags, the same thing that I did.

They're becoming more careful with their money than they have been in a very long time.

Now, when most store owners feel that squeeze, what is the instinct? It's, "We've gotta sell more.

Here in Australia, our award wages, so our, our basic wage, just went up by 4.75% starting next month.

You guys in the US, your minimum wages have been climbing state by state for the last few years, and in some states they sit at around $17 to $20 an hour and above.

In Canada, businesses are navigating tariff pressures, trade uncertainty, and their own cost increases that are being squeezed from multiple directions at once.

Interest rates, depending on where you are sitting right now, have either stayed stubbornly high or they have gone up after people thought that the relief had arrived.

Inflation is still above target in most markets, and this is hitting you twice.

Your cost of doing business has gone up, wages, freight, platform fees, packaging, lease renewals.

I just logged into my Notion account to discover [laughs], I can't believe it, we added a new team member and I needed them to connect their Notion to Asana and to our CRM, and she kept coming back to me and saying, "Uh, it doesn't work.

It doesn't work." It's like, "Oh, you're gonna have to get onto support because it works for everybody else," only to discover the plan that we are on has deprecated all of those connections.

And so we now have to pay double for every single seat in our business who uses Notion to be able to access the things that we accessed just a few months ago.

And your customers, they are standing there at their own front door looking at [laughs] three bags, the same thing that I did.

They're becoming more careful with their money than they have been in a very long time.

Now, when most store owners feel that squeeze, what is the instinct? It's, "We've gotta sell more.
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