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Living Large on a Line of Credit

“We make a lot of money, but we also spend a lot of money.” Josh (not his real name) was facing an existential crisis in his business. Though his company generated annual revenue of about $8 million, Josh could never turn the corner of making much money. I told Josh I’d study his financials to see if I could help him figure out his problem. He was hoping to sell the business within the next two years. But, if we Read More