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Phil's Company Was 100% Dependent on a Single Supplier
The company was 100% dependent on a single supplier. All their eggs were in one basket. They could do what they want, raise prices or put them down the bottom of the priority list and Phil really couldn't do anything about it. And then another issue was the bank. Every time he'd sold out and needed more money to buy the next bigger order, because he was buying twice as many shoes, he went to the bank to get a bit more. He was completely maxed out. So some of you choose a son and pop up here. But unfortunately, there was dead silence, just nothing. Defining silence, not one phone called. Ultimately they withdrew.