Every business problem has a simple solution when you’re a stranger on the internet.
Cash is tight? Borrow more.
Sales are slow? Cut prices.
Want to work less? Just hire someone.
Beautiful. Any of you willing to co-sign?
This week on The Liquid Lunch Project, we’re introducing Reddit on the Rocks, where we take real questions from small business owners and give the advice a comment section rarely asks for: Let’s see the numbers.
One owner is bringing in nearly $1 million a year in sales but struggling with cash flow. Their next move? Borrow another $150,000 to expand.
Another wants to borrow for ads. Even though the last ads didn’t pay off. 🤔
And then there’s the discount math: cut a $100 price to $80, keep the same $60 delivery cost, and you’ve just cut the money left over in half. Surprise! You’re having a sale on your own margin.
🍸 In this episode:
Which business debt deserves your attention first.
Why customers may get a little too attached to your sale price.
What’s left of your business when you stop doing all the work.
When funding helps you grow…and when it just makes guessing more expensive.
Got a spectacularly bad piece of business advice? Hit reply. We’d love to hear what someone told you to do with money that wasn’t theirs.
And remember: the guy handing out advice on Reddit won’t be chipping in on your loan payments.
*- Matt & Luigi *🍻
READ THE REDDIT QUESTIONS:
Original Thread: How would you close this $150K funding gap?
Original Thread: I borrowed $275K and still haven’t made a dent in it
Original Thread: Business owners, how is everyone handling it?
Original Thread: A profitable owner wants to step away from daily operations
Original Thread: When should you take out a business loan?
The Liquid Lunch Project Podcast is sponsored by Credit Banc.
Skip the lender runaround. One conversation connects your business with funding options from more than 150 lending partners. Explore your options at creditbanc.io
🎧 Find all episodes of The Liquid Lunch Project on all major platforms, including our website, Apple Podcasts, Spotify, Audible, and YouTube.
