Copyright financialpost
The feeling didn’t last. Before long, rising insurance and other costs began eating into his profit. One of Clay’s drivers was badly bitten by a dog and went on workers compensation for a year, while his annual vehicle insurance rates soared fivefold to almost US$500,000. Clay mulled laying off all his managers and running the business on his own, figuring he would clear about US$75,000. In the end, he decided it wasn’t worth it. He quit last month.
