Mike KoenigsAi Accelerator and Superpower Accelerator

The Journey from Near Bankruptcy to Success #podcast

Name: The Journey from Near Bankruptcy to Success #podcast
Uploaded: 2025-01-09T13:22:27+00:00
Duration: 56 s
Channel: Mike Koenigs
Description: A YouTube podcast episode (Mike Koenigs, Jan 9, 2025) recounts a company’s sudden financial collapse: within six months the business lost 97% of its…

9 Jan 2025 · 1 min

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A YouTube podcast episode (Mike Koenigs, Jan 9, 2025) recounts a company’s sudden financial collapse: within six months the business lost 97% of its revenue, began losing about $200,000 per month after expanding for a newly signed five-year contract, and was forced to plan for bankruptcy despite prior growth and new facilities. The narration focuses on the shock of rapid decline and the immediate cash-flow crisis.

Questions this video answers

97% (within six months).

Approximately $200,000 per month.

A five-year deal.

Chapters

Within six months, the financial collapse happened, and we lost 97% of our revenue. And we were pretty much crushed with no hope because there was no work to be had. Everybody was really tight around everything, work and all that. There were no orders to be had out there, and we were pretty much limping into planning how to go bankrupt in the most optimal way, with no hope in sight and a business that was healthy and growing and succeeding. We just signed the five year deal that was going to put us on an amazing track, and I was instrumental in that. And we opened up a new facility and new equipment and new everything, and boom, right after that, we were losing 200 grand a month. There was only so many months that we could have kept the lights on, and so that was the time when we really were feeling the pain.