Mike Andes visits Proactive Pool Solutions (Phil and Patrick) in North Carolina to diagnose their cash problems despite being on track for $1 million in revenue. The company faces $160,000 in high-interest debt (24%) and is seeking a $250,000 SBA loan; cash flow and payroll are tight. Mike's show aims to deliver a six-week turnaround strategy; he introduces his credentials as founder of Augusta Lawn Care (over 190 locations).
We're above lawn care in the technical sense. This is a joke.
Today we're in North Carolina visiting Phil and Patrick with proactive pool solutions.
Truthfully, I just want answers, guys. Count on us. That's a real thing.
The business is on Track to do $1 million in revenue this year. Right now, you have this huge vision of making strong men.
It's okay to be a man, and.
You have absolutely no plan of how.
To make that happen.
I burdened myself with responsibility of, like, getting married. But cash is tight.
Revenue does drop. Payroll is tight. Every time we need to push this year, we have problems up front. On day one, they.
Are $160,000 in debt. That was 24% interest.
Big, big boy.
And they're trying to get a $250,000 loan from the SBA. This is just business. There's no definition. So the mission means nothing. That word is important. Making strong men is different.
A little bit insecure. It's, like, shameful.
This is the Business Turnaround show. My name is Mike Andes. I'm the founder of Augusta Lawn Care, where we have over 190 locations around the world. I travel the country fixing struggling businesses. I just mean in the media. I know within a week we this problem from a cash perspective. Our goal is to give Phil and Patrick a strategy to turn around the company in the next six weeks.
It takes way longer than you ever think. It's way harder. It's way more humbling. We'll do it this week. 100% put on camera.
