A short YouTube interview (uploaded by Mike Andes on September 25, 2023) in which Mike interviews Billy about his small business finances. The conversation reveals tight cash flow—Billy reports having $7,000 in the bank and approximately $100,000 of debt—while showing recent investments (new trucks, shop space) that may be constraining growth and marketing capacity.
September 25, 2023
$7,000
$100,000
How tight are we right now in the business?
Oh, man, right now we're pretty tight.
Yeah.
I mean, we have enough to pay to pay our bills, but we don't. Don't have that money to just, you know, spend a couple hundred dollars.
And Billy's new trucks, they look awesome. I'm not gonna lie. The really nice shop space, also very cool. But these things could be keeping him from growing his business. It's not comfortable to talk about this.
Got some bad news. He always sent something over. I want to take a look at it. He's only got $7,000 in the bank. There's $7,000 in the bank.$ He' away from being essentially bankrupt. Yeah. Like, at least InSolvent. He had $100,000 worth of debt. Now I know I had the camera.
Thank God we have enough to. To. To pay labor, pay the bills and stuff. But when it came to having capital set aside to where we feel comfortable, we can use for. For advertisement and growing the business, that's where we were struggling at.
Watch the video below, because within a couple months, he was able to turn things around and get his bank balance up to $27,000. From a capital perspective, like.
