Show Notes
A sobering, practical one. Using the collapse and rescue of Epic Beer as a case study, Mike and Scott talk about the real signs a business is in trouble, when to pull the pin, and why over-leverage - not bad ideas - kills most companies.
Drinking beer from: Epic - Hop Zombie Double IPA (8.5%) & Rush NZ IPA (7.2%) Eating a pie from: Rolla's Pies - Steak, Bacon Jam & Cheese
You'll learn: -The difference between voluntary and involuntary liquidation; -Why "get the umbrella when it's sunny" beats scrambling for capital in a crisis; -The danger of personal guarantees; -How Mike navigated 16 weeks of zero revenue during COVID across the portfolio; -and why testing a $1,000 hypothesis beats betting $1M on an assumption.
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