Boo-hoo, said the businessman because he couldn’t find enough qualified workers to help him make his product line. The labor shortage in Minnesota had inflated his wage costs and cut his margins to the bone in a dog-eat-dog industry. What was he going to do?
When Duane Sibbet was hit with the above quandary, he didn’t boo-hoo. Rather he did what he thought made sense: he closed up shop. And close he did – his Twin Cities home construction business – and began a whole new career and business at age 40 in Blue Earth, Minn., compliments of that city’s economic development authority and an idea gleaned from his parents’ horse blanket business.Read more