Podcast Appearances
Yeah, so we did stuff the stupid way because we hadn't found Dave Ramsey yet. And so a friend of mine, he's just a silent capital partner. He put in money up front and helped us get into it. We have a big loan on it. How much? It's a quarter million.
Yeah, so we did stuff the stupid way because we hadn't found Dave Ramsey yet. And so a friend of mine, he's just a silent capital partner. He put in money up front and helped us get into it. We have a big loan on it. How much? It's a quarter million.
Yeah, so I owe, yeah, 70% of it, yeah.
Yeah, so I owe, yeah, 70% of it, yeah.
Yeah, so I owe, yeah, 70% of it, yeah.
And the rest you owe to your... Right, I'm the 70% partner.
And the rest you owe to your... Right, I'm the 70% partner.
And the rest you owe to your... Right, I'm the 70% partner.
Well, kind of. We think we do. So our sales were really, really good when we opened in the summer, and we would have made money, but we didn't have our expenses under control. Once we got our expenses under control, we cut payroll costs really down. We got control of our inventory costs, stuff like that. We're doing a lot better on the expenses side. But our sales went down and we hit the winter.
Well, kind of. We think we do. So our sales were really, really good when we opened in the summer, and we would have made money, but we didn't have our expenses under control. Once we got our expenses under control, we cut payroll costs really down. We got control of our inventory costs, stuff like that. We're doing a lot better on the expenses side. But our sales went down and we hit the winter.
Well, kind of. We think we do. So our sales were really, really good when we opened in the summer, and we would have made money, but we didn't have our expenses under control. Once we got our expenses under control, we cut payroll costs really down. We got control of our inventory costs, stuff like that. We're doing a lot better on the expenses side. But our sales went down and we hit the winter.
Part of that is because our marketing budget was kind of gone. So we weren't making as much because we just, our marketing was suffering.
Part of that is because our marketing budget was kind of gone. So we weren't making as much because we just, our marketing was suffering.
Part of that is because our marketing budget was kind of gone. So we weren't making as much because we just, our marketing was suffering.
Yeah, and in Missouri, the winters are pretty brutal and cold, so yeah.
Yeah, and in Missouri, the winters are pretty brutal and cold, so yeah.
Yeah, and in Missouri, the winters are pretty brutal and cold, so yeah.
Right, yeah, so we're just barely making it. But yeah, my capital partner, she's out in a different state. My wife and I are here, and we're operating the business.
Right, yeah, so we're just barely making it. But yeah, my capital partner, she's out in a different state. My wife and I are here, and we're operating the business.
Right, yeah, so we're just barely making it. But yeah, my capital partner, she's out in a different state. My wife and I are here, and we're operating the business.