There's a company called Sublime:
• My partners & I invested $2.5M
• Later spent 8 figures to buy a chunk of it
And then.. they almost went bankrupt.
It took a lot of work to get the company back on track. Here's the short version of the story: https://t.co/tsPIMaWwKA
Sublime had the best product (anyone ever tried Dosies?) but really bad management.
So my partners Joe & Tiffany spent weeks in Oakland, CA righting the ship.
During that time, we had some pretty unique difficulties…
So my partners Joe & Tiffany spent weeks in Oakland, CA righting the ship.
During that time, we had some pretty unique difficulties…
Someone broke into the warehouse by ramming the door with cars.
Then raided the warehouse with guns for $100s of thousands in product.
(It's a cannabis co, no surprise there.)
Then raided the warehouse with guns for $100s of thousands in product.
(It's a cannabis co, no surprise there.)
A driver of one of the trucks filled with product to Mexico missed the turn for the last dispensary.
Truck had $80k + $100K+ of product in it.
The list goes on and on.
Truck had $80k + $100K+ of product in it.
The list goes on and on.
BUT - that’s business.
Things will always go sideways (though I hope it goes better for you than armed raids).
One thing you always have control of?
Financial tracking. And that was a simple area this business was failing at. So...
Things will always go sideways (though I hope it goes better for you than armed raids).
One thing you always have control of?
Financial tracking. And that was a simple area this business was failing at. So...
We brought in zero-based budgeting and relentless weekly cashflow tracking.
• Tracking weekly is the only way to ensure you won't run out of cash.
• Every private equity fund does this.
• It's simple, but a superpower.
• Tracking weekly is the only way to ensure you won't run out of cash.
• Every private equity fund does this.
• It's simple, but a superpower.
I thought I’d give you all the document that saved my a$$ back then..
I make ALL my companies use it:
13 Week Cashflow Tracker.
Now you’re in the club. Welcome to the grind of business & counting cash:
https://t.co/yxVFg6leLn
I make ALL my companies use it:
13 Week Cashflow Tracker.
Now you’re in the club. Welcome to the grind of business & counting cash:
https://t.co/yxVFg6leLn
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