Was just talking to someone this morning about this. They have several friends in the trucking industry that got laid off recently do to slow downs. That's a pretty good early warning sign of a coming recession.
I'm personally not too worried. The growth I've seen in my business in the last couple years I believe has less to do with economic highs and more to do with changes and decisions I've made in my company. I'm also getting in good with some rental agencies. I've managed to keep my operating costs low so I can offer them and their tenants lower rates than a lot of the other companies which means I can keep a good amount of work flowing in from those. And being a college town, there is a lot of rentals with high turn around as students come and go. And when the economy gets bad, college enrollment goes up, so rentals needing cleaning will stay steady.
So things will likely get tight, but I feel I can weather the storm.
I'm personally not too worried. The growth I've seen in my business in the last couple years I believe has less to do with economic highs and more to do with changes and decisions I've made in my company. I'm also getting in good with some rental agencies. I've managed to keep my operating costs low so I can offer them and their tenants lower rates than a lot of the other companies which means I can keep a good amount of work flowing in from those. And being a college town, there is a lot of rentals with high turn around as students come and go. And when the economy gets bad, college enrollment goes up, so rentals needing cleaning will stay steady.
So things will likely get tight, but I feel I can weather the storm.