Small businesses say their revenues are plummeting as they're forced to turn down business because of the labor shortage

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Businesses are cutting back on their services because of the labor shortage. Those affected range from a cleaning company in Virginia to a dog-walking business in Georgia.

At Maid to Sparkle, a residential cleaning service in Richmond, Virginia, the workforce has fallen by roughly half, according to owner Jonathan Bergstein.

He said that he had to turn down business and reschedule loyal customers, who he feared he could lose to a competitor.He said that the labor shortage and the resultant drop in capacity meant that his business' gross profit had dropped by between $1,000 and $2,000 each week.Before the pandemic, Maid to Sparkle made around $750,000 a year in gross profit, Bergstein said.

And Laborjack, a labor-for-hire company in Colorado, told Insider it expected to turn down jobs worth between $300,000 and $500,000 in 2021 because it can't find enough workers.that it had been able to raise prices, but had had to put up wages and pay out more bonuses to attract more workers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

T-Mobile for Business BrandVoice: Why Upgrading To 5G Phones And Devices Makes Sense For Small BusinessUpgrading to 5G-capable devices can have a big impact on small and medium-sized businesses (SMBs) Sponsored by TMobileBusiness TMobileBusiness Raise your voice for the oppressed Hindus and minorities in Bangladesh SaveBangladeshiHindus TMobileBusiness How? TMobileBusiness Government lockdowns have a much bigger effect
Source: Forbes - 🏆 394. / 53 Read more »

T-Mobile for Business BrandVoice: Why Upgrading To 5G Phones And Devices Makes Sense For Small BusinessUpgrading to 5G-capable devices can have a big impact on small and medium-sized businesses (SMBs) Sponsored by TMobileBusiness TMobileBusiness Raise your voice for the oppressed Hindus and minorities in Bangladesh SaveBangladeshiHindus TMobileBusiness How? TMobileBusiness Government lockdowns have a much bigger effect
Source: Forbes - 🏆 394. / 53 Read more »