Building a $1,000,000 Business for a Stranger in 69 Minutes | Ep 905
Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
This is Philip. He gave up a high-paying job at tech to start a garbage collection business. Last year he lost $150,000. So Philip has a wife and a kid and another baby on the way. And if he doesn't fix the business model fast, he'll put that growing family at risk.
Hi, my name is Philip. I'm the owner of Garby Disposal Services. We do residential trash, recycling, and yard waste collection. Our revenue is 642,000. Our net profit is negative 151,000.
That's the wrong side. It is on the wrong side. All right. Our net margins are negative 23%. We've been in business for a little under two years and we currently serve 2,500 customers.
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