small businesses cutting spending as they prepare for the worst

small businesses cutting spending as they prepare for the worst

During the pandemic, Aaron Mulherin would travel as far as 150 miles from his home in Marion, Iowa, to do jobs for his glass installation company. But with a gallon of gas in Iowa now going for $4.73, compared to $2.88 a year ago, he has had to shrink that radius to around 60 miles.

“We have been trying to be careful with a lot of things,” Mulherin, owner of AM Glass Repair, tells Fortune.

High gas prices are far from the only pain point Mulherin’s small business is feeling amid…


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