Roll up businesses? The crew has strong feelings about home healthcare - Acquisitions Anonymous 238
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Challenges and Long-term Nature of Labor Shortage
The labor shortage has been a significant challenge for businesses, particularly in maintaining and growing their staff. It involves efforts in recruitment, retention, and managing reputation, especially with online reviews. The speaker sees the labor shortage as a demographic issue with long-term implications unlikely to be addressed by economic cycles. In service businesses, like home care and health services, where technology may not significantly improve efficiency, the dependency on people remains crucial. Despite the challenges, service businesses are attractive due to the lack of significant capital expenditure.
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