With the rising prices of goods and gasoline, many small businesses are struggling.
each step of the baking process now costs more and then look at the cost of goods sold in your lifetime. Wow! Almost eight years ago, Kasha and Henry, Adelaide, started a bakery in East Point Georgia. They are baking businesses almost like a bus during the pandemic shutdowns. So those first two weeks were probably the scariest period of my life because we just didn’t know. But the cupcake has continued to bake and survive. The president, touting booming job growth across the country, raises unemployment below the Georgia Labor Commissioner. Mark Butler says the state is an example of a record recovery. We’re taking a look right now in Georgia, we’ve broken records in a lot of different sectors, like, you know, we’re talking about professional services, healthcare. Uh, you know, warehouse and transportation, so we’re doing really well all the way around. But inflation ravages the economy, deliveries took cupcakery through covid but are now skyrocketing. Gas prices make candy sour, gas prices are ridiculous. Um, so we had to, you know, raise our shipping costs for the first time. And baking staples double the cost of each cupcake right now in 2019, the bakery would pay about $18 for 15 dozen eggs. Now $55, 15 dozen cream cheese, about $6 a loaf of £3 now, $11 a loaf. So almost double the price of that. Your bottom line just didn’t add up last year, we actually had our busiest year, at our lowest profit margin as well, how does that happen? Everything is just multiplying by ten, 39 81. So for the first time cupcake Aries cupcakes now cost 5-10% more If you want a cupcake we have to make it, we have to charge the cost of making banana pudding to customers red velvet. Note that I frequented another bakery where their cakes are, they are good but the prices are excessive. So again, another reason for me to come and have the opportunity to try something different at a cost that I feel is attractive. A recent survey by the US Chamber of Commerce shows that the majority of small business owners have increased their prices due to inflation, while at the same time making big changes to attract a strong workforce. I still think we’re a long way from figuring out what the landscape is going to look like because there’s been a lot of resets when it comes to cost of goods, cost of doing business, and wages with baby number two. Along the way, the Adaliuses struggle to open a second cupcake relocation despite their challenges. Some days you can’t sleep at night when you see the numbers. But we are a business and we know we have to stay in business. Nadia Romero. CNN Point East Georgia.