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Thursday, January 31, 2019 9:20:43 AM
Imagine walking to a bank, group of investors or shark tank and tell them listen guys, I have a great business here. if you give me 5.1 million dollars, I can generate 3.6 million in sale, with $500,000 in gross margin, and a loss of 1.5 million. What would you think they will tell you? If you are too emotionally attached, ask a friend or ask your wife (you may not want to ask your wife, she will be disappointed).
The anemic gross margin is the major concern. They produce 12.6% and they need 55% just to break even. This is real based on their own data and not fiction.
Just Think About It!
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