A small business owner describes hitting rock bottom: a truck breakdown, a hand injury that might cost him his index finger, and only $3,000 in cash. Last month he finally turned positive cash flow after months of heavy equipment costs.
April 6, 2024
$3,000
Index finger
My trucks broke down. Very low on cash. Almost cut my fingers off. I'm a little unsure if my index finger is still on or not. Just found out today that the workers compensation is not going to cover it. So I'll have to figure that out. So it's been a struggle. As we all know in the springtime. It's not really something that was new to me working at the original Bellingham shop. But with your own business, it definitely comes with its own challenges. I've never had the financial challenges like I do now. Just a week ago, I had $3,000 to name in cash. Right now is probably the lowest low I've ever been in my business. That's very low. I've never been really financially stressed, So I believe I passed the stress test. I believe we're out of it. Last month, we finally showed positive cash flow, which was a big deal, because as Mike talks about your first several months in business, you're buying your trucks, you're buying your equipment. It's all money out the door.
