Yes, the recent recession has affected me profoundly. I run a small vending machine business. I sell snacks, pop and coffee via vending machines in Chicago, IL. a major metropolitan area.
My costs from my suppliers continue to rise with every invoice I receive. I need to raise prices, but you can only raise them to a certain extent. There is only so much that the market can bear.
When a customer buys a bag of chips or a candy bar, they don't always know what they are buying. They are not always buying the simple cost of the product. In addition, there is my cost of taxes which includes sales tax to the local, city, county, and state entities.
In addition, I pay unemployment insurence; FICA for both myself and my employee; accounting fees; repairs for machines; business
insurance; incorporation fees; internet and marketing; and supplies such as cups, straws etc.
With all these costs, I can no longer stay in business.