Transcript of a conversational YouTube video (Mike Andes interviewing another speaker) about acute cash-flow problems and possible asset liquidation. The speaker says they haven't paid themselves in two years and has about $15,000 in receivables; they discuss selling equipment (estimates: one item ~$25,000, another ~$2,000, a tray ~$1,000) to raise roughly $30,000.
Questions this video answers
$15,000
Two years
One item ~$25,000; another item ~$2,000; a tray ~$1,000 (total ~ $30,000)
I might as well do nothing. I might as well just be unemployed. Hey, I guess I haven't really, like, paid myself in two years. Better yet, just like, you know, working, you know, McDonald's or something. I'll make more money than what I do right now.
How much do you have in receivables right now?
Probably somewhere around, like, 15.
15,000.
$15,000?
Probably.
Yeah.
That's, like, all of your profit. Okay, so we should just literally go through this whole place and. Okay, what are we selling? What's staying, what's going, right?
Yeah, it's probably, like, 2,000.
All right, $2,000. We got another $500, and then we got this bad boy. What do you think you can get for that?
I bet someone would buy that thing for 25.
25,000. How much we get for that thing? Two grand, you said?
Yeah, I'd say, like, two grand. Yeah.
And then for the tray, like, another thousand bucks.
That's why I keep them, because I'm like, oh, yeah, one day I can fix them, but I'm so busy doing all my stuff, it's delusional to think that I can do all that. So, okay.
We have 30 grand. We can liquidate like that. God forbid we make money.
