I was talking to a service contractor earlier today and his business has taken a dump. He does a lot of school / medical faciity work and with lock downs and budget challenges the work coming in has cut back drastically. He also looks after some fast food chains and it seems they have switched away from teenagers to older employees and they are easier on the equipment so less breakage. He lost a few good employees because they were anti vax and his clients want vaxports.
He's personally OK because he has assets and no debts but the value of his business has tanked.
A Toronto Blog that pops up on Google is regularly posting about long established businesses , many of them restaurants, shutting for good after 40,50, 60 years.
The stock market has a few bad days or weeks and then comes up roses again.
The renovation market seems hot but how much of that market is underground?
Outside of restaurants and gyms what else is suffering in general or are the failures indiscriminate?
He's personally OK because he has assets and no debts but the value of his business has tanked.
A Toronto Blog that pops up on Google is regularly posting about long established businesses , many of them restaurants, shutting for good after 40,50, 60 years.
The stock market has a few bad days or weeks and then comes up roses again.
The renovation market seems hot but how much of that market is underground?
Outside of restaurants and gyms what else is suffering in general or are the failures indiscriminate?
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