How the Top 1% of Home Service Businesses Use DEBT to 10X

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#HomeServiceBusiness #MikeAndes #lawncarebusinesssuccess

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CHAPTERS:

0:00 Using Debt to Scale your Business to Over a Million Dollar Company
0:48 Should you Use Cash or Get Debt?
2:08 Comparing Yourself TO Big Businesses
4:50 Private Equity Using L.B.O's
7:09 Best ROI for your Business
9:20 The 4L Framework
12:20 Should you use Debt to Grow my Business
13:50 Profit mode vs Growth mode
15:18 The Negatives of Getting into Debt
18:01 Should you get a Small Business Loan
18:33 Real example of Starting a Small Home Service Business
21:12 ROI on Debt vs Bootstrapping a Business with Cash
23:25 Growing your Business with Debt vs Cash Conclusion

[wallye]

Love the Guerrilla marketing videos. Wrapped my first vehicle 7 yrs ago for $3500 within 30 mins secured a project that paid it off in 7days from a property Mgr whom saw me driving it. since then our trucks avg 30k per year in revenue. That said just installed QR code on truck to which they can book and schedule automatically right from phone. 3 weeks later going to 21/2 times the 30k to 75k per truck imho….

[grandifloralandscaping]

Kudos to Mike and the production team for a very well done video.

[doculockllc]

Great video Mike. I like the cash vs debt breakdown. I agree that it really comes down to risk tolerance...good food for thought.

[carstenfrost]

I’ve always been afraid of debt because of seeing it used poorly. Thanks for breaking it down and showing how debt can be useful. If you know what you’re doing. 👀

[jaretproulx]

With the price of lumber I really hope those 2x4 found a purpose 😭

[Pemo]

Mike Andes took the Tigran Gertz pill 💊

[Rockdj]

What if I save up 10k and get an auto loan for 8k to get the truck ?

[bikes]

Please stop promoting debt, especially while interest rates are so horribly high.