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

$1M Roofing Company Failing!

25 Dec 2024 · 0 min

Watch on YouTube

0:12

Short transcript excerpt from the YouTube video "$1M Roofing Company Failing!" (uploaded by Mike Andes). In this snippet Mike Andes and another speaker discuss severe cash constraints (one speaker says they have $1,000 in the bank), the risk of an audit that could create a $1,000,000 liability, a referenced figure of "15,000" that wipes out profits (context implies payroll/workers-comp costs), and choices about hiring and selling roofs. The tone is urgent and fiscally worried.

Questions this video answers

$1,000 ("I only have $1,000 in my bank account").

A million dollars ("all of a sudden you get audited and now you owe a million dollars").

15,000 (presented as "15,000.")

From like a cash perspective, it's got to be pretty tight.
I only have $1,000 in my bank account and I was like, ah, man.
And all of a sudden you get audited and now you owe a million dollars.
If I don't can't pay it, I'm not going to be in business anymore.
15,000.
We just wiped out all your profits. No workers comp, no payroll tax. Just don't hire people. Why are you not taking them for a tune up? I don't want the buyers to see this list. And honestly, we don't even want to sell this roof. Who cares?
You will get ton tons of business.
Who cares if we get it? You're selling insurance and that's a good business model.