This is a YouTube business-turnaround episode featuring host Mike Andes visiting David of Thrive Lawn Care in central Illinois. The company generated over $200,000 in revenue last year but faces severe cash-flow problems (low bank balance, unpaid payroll, credit-card debt) and lacks basic bookkeeping and performance tracking; Mike aims to provide a six-week turnaround strategy.
Questions this video answers
Over $200,000 in revenue last year.
$3,000 per month.
The bank account hit $500.
They hadn't paid themselves in two weeks.
Chapters
She tells me all the time, this is a business. You need to make money.
I've seen the numbers. He gives away a lot of things.
We're here to make money.
We haven't paid ourselves in two weeks. I don't know what to do.
Today we're in central Illinois visiting David from Thrive Lawn Care.
I think I hear this is a business, not a charity. I probably hear that, like, once a week.
David made over $200,000 in revenue last year, but his bank balance is dangerously low.
Payroll's expensive.
We want to make sure that they're paid because they have families.
Right now, I cannot afford this contract, and it's going to put me out of business. You didn't get paid last month. They hit just 500 in the bank account.
Looking back, I don't know if last year was more of a cash flow issue. I didn't even know what I was doing.
I have to remind him, like, we're in a business and they have high.
Interest Credit card debt from a medical emergency that happened last year.
We had an employee.
That was terrible. I trusted him too early.
Learned from your mistakes.
He just never did.
You're paying $3,000 a month to an ad agency that won't show their results. How many like leads in a month do you usually get?
I have no idea.
And worst of all, David doesn't know his number.
I wasn't doing monthly bookkeeping or anything, so I didn't know my numbers at all.
This is the business turnaround show. My name is Mike Andes. I'm the founder of Augusta Lawn Care, where we have over 170 locations around the world. I travel around the country fixing struggling businesses. Our goal is to give David a strategy to turn around the business in the next six weeks and get the company back on track. We are here to make a bunch of money, and if you're not going to make me money, you're out.
