Have you ever had a friend look at a business and randomly throw out numbers that made it seem like that business owner must be making serious bank? We’ve experienced that many times, and know from conversations with operators and owners in those industries that their real profitability is often far, far less. The reason is often that there are unique challenges to profitability in almost every industry and so we wanted to create a space for entrepreneurs from across industries and markets to discuss the challenges to profitability in their industries.

Sky Armstrong

Inflation and the market volatility. The flower industry is facing product shortages from Covid + environmental changes with an increased demand. Freight has also been unpredictable to estimate. The floral industry already works on a slim profit margin as it deals with a perishable product and these changes make it even more challenging to correctly quote a project a month in advance, let alone a year in advance when most people plan their weddings. Read more>>

Kyle Shankman

As private chefs and independent restauranteurs, we of course have to deal with our raw product costs increasing due to supply chain issues and inflation. That being said, I still think profitability is a two-way street. What we pay is important, but what we charge is much more controllable and may actually be the biggest challenge to profitability in this industry. Read more>>

David Downing

Creating a profitable food business is incredibly difficult, especially during times of uncertainty and global unrest. As a small food business, there are so many layers of costs to take your product from an idea in your mind to someone’s mouth or plate. Read more>>