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

DEBT is like CANDY 🤤 💵 #mikeandes #debt #homeservicebusiness

21 Oct 2024 · 0 min

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Mike Andes compares taking on debt for a small business to eating candy: it provides a short-term high but leads to a crash if the business remains unprofitable. He argues the long-term solution is doing the hard work of building a profitable business (metaphorically like going to the gym to build muscle and increase metabolism).

Adding more debt and getting more loans for your small business is like having a candy bar.
In the short term, it tastes great, you get an energy high and you feel good. Having an unprofitable business with just a bunch of candy is going to lead to a crash. However, the long term solution is building a profitable business. No one wants to go to the gym and do the hard work of building muscle, increasing the metabolism and waking up early, but ultimately that's the fix.