When you’re buying a $20 Chipotle burrito, the profit is roughly $2.50. The additional $17.50 is to cover labor expense, rent, overhead, packaging and food cost. It’s incredibly expensive to operate a business in the post-Biden COVID era economy.
When Biden’s policies kicked in back in 2021, my business costs increased roughly 30-40% across the board. When we paired that with a 30% decline in sales due to price increase + supply constrains, an enjoyable and fulfilling profitable business became a nightmare to get to break even.
Under Trump45 economic conditions, we experienced double digit growth year over year for 5 consecutive years. What started as a $1.5mil annual revenue business from inception in 2016 quickly became a $12.5mil annual revenue business by 2020. Then 2021 and onwards saw year over year declines up until the point we were effectively forced to sell our remaining assets to a larger competitor.
If we let the Democratic Socialists take over, we’ll see this cycle on steroids across all industries. But business owners won’t be selling to larger competitors, they’ll be surrendering it to the government for State Control.
I created dozens of high paying jobs and provided employees and their families with 100% company paid private health insurance for 10 years. But, I’m sure Bernie Sanders and his crew of people can do better … right?