Andy Klump · Built to Sell Radio · Ep 566 From "Unsellable" to $112M, a Bootstrapped Sale to Intertek
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started taking a $4,000 per month salary in 2015 after years of reinvesting all cash
$4,000/month
“And they essentially will underwrite your working capital for the first 18 months, two years until you get to cash flow positive, which in most of these cases is predominantly salary, right?”
“It was 10% of their annual saving. If a client starts saving $10,000 a month, they're going to save $120,000 in the year. I'm going to take 10% of that. 12 grand.”
“The hardest I've ever worked in my life was when I was making $4.75 an hour or $10 an hour or at the sheriff's office when my salary was $30,000 a year. I started out making $27,500 a year.”
“If you do it the way I and most of my clients do, you buy it with cash, you take the mortgage after, and as long as you income trace it to other investments, you can deduct all of it.”
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