021: Building A Multi-Million Dollar Brand From Nothing - Preston Bare
The Nick Bare Podcast
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The Importance of Leveraging Debt to Finance Inventory
We didn't have a business background. We didn't have mentors or our parents weren't entrepreneurs. So like leveraging debt to finance inventory in the business was never even an option for us because what we spent was what we had in the business bank account. I get stressed down just watching those like restaurant TV shows, like Gordon Ramsey, restaurant Night Kitchen Nightmares or whatever it is where they go into the restaurants and businesses. And it's like they have no cash in the bank. They're a million dollars in debt. You have all these employees are trying to do their jobs. No wonder restaurant owners and some of these other business owners are so stressed. It's like, it's so hard
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