4 ms·
Why would you go into debt for $216k, if you didn't know you were going to make at least that much back? From the article, they said they knew that $250k was c
by Thorentis 4y ago
Why would you go into debt for $216k, if you didn't know you were going to make at least that much back?
From the article, they said they knew that $250k was coming so it would be worth it.
This is a major error on their part, to think they had really found somebody willing to pay $41/bag.
- vitaflo 4y agoEven if they spent $216k to make $250k it had to occur to them that it wasn't really worth it. They talked about them working 3 shifts, 12-16 hours every day for 6 weeks, bringing in extra people to help out to get them over the hump. They did all this so they could have future orders like this from this buyer. All for $34k after expenses. All that effort to get them over the hump and they're basically making $10hr at best. Future orders like this wouldn't be sustainable because you can't pay labor that little. They seem like a lifestyle business that got in over their head.