The COVID-19 pandemic has irrevocably changed the economic landscape of the entire world. Small businesses were among the hardest hit by government forced closures, labor shortages and rising inflation. Here in the U.S., there were 37.5% fewer small businesses open nationwide as of last summer compared to January 2020, according to Harvard University’s Economic Tracker.
While most small businesses have struggled to survive the pandemic, residential plumbing and HVAC service contractors have thrived. Deemed an “essential business” by the federal government in March 2020, these businesses saw increased revenues thanks to people spending more time than ever in their homes.