
Surviving the Post-Pandemic Slump: How We Recovered From an 87% Drop in Profit
At the start of 2023, as I reviewed the end-of-year financial report sent over by our accountants, I had a stunning realization: our net income had dropped 87% in 2022 compared to the year before. From an incredible 64% profit margin in 2021 we ended 2022 with a razor-thin 6%. The picture got even worse…