How much debt does the business report?

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

He ABANDONED his $800K Landscape Business!

4 Jan 2025 · 0 min

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A short transcript excerpt from a YouTube video by Mike Andes titled "He ABANDONED his $800K Landscape Business!" (Jan 4, 2025). Multiple speakers discuss severe financial and operational problems in a landscape business: they spend money just to stay afloat, hired experienced staff who introduced more issues, employees turned on each other, and the company is over $100,000 in debt with insufficient profit or cash to create opportunities. The speaker expresses embarrassment, fear of losing accounts, and high stress.

Questions this video answers

Over $100,000 in debt.

Am I a little bit embarrassed about it? Definitely. I need a lot of help. I feel like I'm maxed out with what I know to do. We constantly spend money, spend money, spend money just to stay in business. My employees started turning on each other.
We hired some experience, you know, but with experience came.
He goes, there's another problem. Oh, another problem. Another problem. And that causes panic.
I hate losing accounts.
Everything is your fault. He gets in his head a lot. I can tell. The fact is, right now, we're over $100,000 in debt. We're not making enough profit. There's not enough cash. We're stressed out of our mind, and we're not creating opportunity for our guys because we can't afford to.