My Dad Doesn’t Trust Me to Make Decisions for the Business
The EntreLeadership Podcast
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Navigating Financial Struggles
This chapter addresses the financial challenges of a small furniture and hardware business, highlighting an unexpected $80,000 debt primarily driven by high-interest loans and poor revenue during slow seasons. The discussion emphasizes the complexities of managing expenses, employee decisions, and the crucial need for clear financial oversight to ensure profitability. Through honest dialogue and an analysis of profit margins, the partners aim to find solutions for a sustainable future amidst their struggles.
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