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

Over a million dollars in debt!

16 Feb 2022 · 0 min

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This content was created by Mike Andes. This content was uploaded by Mike Andes. This is a YouTube video titled "Over a million dollars in debt!" created on February 16, 2022, featuring Mike Andes discussing his decision to not sell a majority stake in Augusta Lawn Care to private equity firms, despite the financial challenges and potential debt involved.

Questions this video answers

February 16, 2022

He will not sell a majority stake to private equity firms.

He said he will go "over a million dollars" in debt.

Throughout 2021, I was approached many times by private equity firms wanting to buy out the majority stake ownership of Augusta Lawn Care. I will never do that. And I know that this is gonna be a really, really challenging next 12 months. If we don't take the money, and I'm gonna go over a million dollars in the debt, I'm either gonna be called a fool or a genius. But at the end of the day, either way, I'll be glad I made this decision. Sacrifice or regret. You choose.