Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

$1.6M Business Downing in Debt & Customers Aren't Paying! #mikeandes #businessturnaround

16 Sept 2024 · 1 min

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0:31

YouTube video by Mike Andes (Sept 16, 2024) discussing a business struggling with debt and cash-flow problems. The speaker reports ~ $500,000 total debt (including equipment and short-term loans), monthly cash burn/collections around $20–24,000, and annual revenues roughly $300–400k from hardscape and about $400k from Christmas lights; remaining revenue from lawn and landscape maintenance. The video emphasizes avoiding using debt to grow a business.

Questions this video answers

About $500,000 (includes equipment and short-term loans).

Approximately $20,000–$24,000 per month.

Approximately $300,000–$400,000 per year.

About $400,000 per year.

Chapters

We're right around half a million dollars in debt. So that's with all the equipment and a couple of the short term loans too. What's the monthly like? Just cat from a cash flow perspective. Per month. 20, 24,000amonth. Well over six figures owed to us. But we're just. We can't quite grab it. We're probably about 3 to 400,000 a year in hardscape. And we're about 400,000 a year in Christmas lights. Oh, wow. And the rest is lawn maintenance and landscape maintenance. Got it. Try your hardest to not use debt to grow your business. Don't let it run away from you.