Monday, November 28, 2022

Small businesses are getting hammered

 Just remember, this was all part of the plan.  All of this is being done on purpose.

More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.

The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.

Now, there's a lot of turn-over with small businesses.  There always has been.  Just because you open a store that specializes in crochet doesn't mean that there's enough crocheters out there to keep you in business.  Likewise, about 50% of new restaurants fold in three years.  People who love food think that they can open up a place and customers will just come flooding in.  Sometimes they do, sometimes they don't, but if you don't have a good business model backing up your decisions it doesn't matter how good the food is.

But with all that being said, what Joe Biden's puppet masters are doing to this country is destroying businesses left and right.

“Last month, rent delinquency rates increased seven percentage points from 30% in September to 37% in October,” Alignable said. “And now, in November, that rate is another four percentage points higher, reaching a new high across a variety of industries.”

Business owners cite a range of reasons for the difficulty making rent, including higher rent costs and lower revenue. But 60% cite inflation.

Personally, I have no clue how restaurants are making it these days.  The cost of food keeps going up, the cost of labor keeps going up, rent keeps going up, and people bitch if you raise the price of the finished product because they're getting squeezed just like the business is.

Makes me reconsider opening up a deli when I retire.

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