"So what you’re telling me is that we have never made money?"
This was an actual statement from an actual entrepreneur that was not happy with our conversation. Everything I was saying was not making sense to an entrepreneur that had money in the bank, a house, cars and investments all paid for by his business. The problem was his business had never actually made any money. The business owed more to creditors that it was expecting to receive from customers and had negative equity on its balance sheet. Basically, all the personal wealth that this entrepreneur had was from the creditors in his business including the government, vendors and his bank. Cash flow does not mean profit and this entrepreneur was about to discover how big a hole he had dug.
Read the blog here: https://dylangallagher.wordpress.com/2018/10/30/1-mistake-every-entrepreneur-is-guaranteed-to-make/
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: City - Ikson"
A Tactical HubSpot Conversation with Dylan Gallagher of Bridge Capital
A chat with Erica Rankin of Bro Dough
A chat with Ken Tarry of Sequeira Partners
A chat with Rick Anderson
A chat with Andy Smith
A New Year. Some New Goals.
The secret revenue trick
Eps. 9 - What is the value of my business?
Momentum equals money. No momentum. No money.
What if every customer used your product or service one more time?
Paid versus organic revenue
When was your last good idea?
Lack of cash is a symptom not a problem
Sell, shut down or wait and see
It's happening to Netflix (is it happening to your business?)
What is unique about your profit margin?
3 entrepreneur milestones
Why do I want a valuable business?
What makes a business valuable?
Why does my business value suck?
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