The Ecomcrew Ecommerce Podcast

E353: Dealing with Debt When You Don't Want To


Listen Later

Being among the 100 fastest-growing private companies of 2020 in America is no small feat, but behind the scenes, things aren't as pretty as they seem.

In this catch-up episode, Victor Delacruz of Christian Planner is back to share his experiences after our hour-long Under the Hood episode a couple of years ago.

We chat about his company's immense growth in revenue, losing a key business partner, and how he is facing financial challenges that could be fatal to his business.

I dissect Christian Planner's current situation and discuss Victor's best options moving forward. Does he need to get his expenses under control to pay off debt? Or is he better off selling the business altogether?

Timestamps

  • Catching up with Victor and Christian Planner - 3:13
  • Falling flat and losing C-level executives - 5:10
  • Victor's struggle of not being a business person - 6:42
  • Analyzing Victor's current debt situation - 8:59
  • Why understanding key numbers in business is an essential skill set - 15:04
  • Potential outcomes of staying on or moving on - 18:20
  • Victor's current gameplan - 22:54
  • The importance of knowing your strengths and weaknesses - 26:50
  • Why Victor's business is special - 29:45
  • How to look at debt and manage burnout - 32:44
  • What I would do if I were in Victor's shoes - 33:44
  • How businesses are valued and my advice if he decides to sell - 40:06

If you want to know more about Victor and his company, check out Christian Planner's cool designs on https://christianplanner.com/collections/all.

Do you have any favorite Amazon software or app? Let us know by answering just four questions.

And to thank you for your time, we'll pick one lucky winner randomly and reward him or her with a free annual subscription to EcomCrew Premium.

If you're already a member, we'll extend your membership for another year for free.

All you need to do is answer this poll.

Ever have to face a tough decision like Victor? Let us know in the comments section and share this episode with a friend.

Also, don't forget to leave us a review over on iTunes.

Happy selling!

...more
View all episodesView all episodes
Download on the App Store

The Ecomcrew Ecommerce PodcastBy Mike Jackness and Dave Bryant | eCommerce, Shopify, and Amazon FBA Experts

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

297 ratings


More shows like The Ecomcrew Ecommerce Podcast

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,457 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,851 Listeners

Social Media Marketing Podcast by Michael Stelzner, Social Media Examiner

Social Media Marketing Podcast

1,449 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,605 Listeners

Shopify Masters by Shopify

Shopify Masters

379 Listeners

The My Wife Quit Her Job Podcast With Steve Chou by Steve Chou

The My Wife Quit Her Job Podcast With Steve Chou

1,355 Listeners

eComFuel Podcast by Andrew Youderian | e-Commerce Entrepreneur

eComFuel Podcast

313 Listeners

AM/PM Podcast by Helium 10

AM/PM Podcast

210 Listeners

Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

Marketing School - Digital Marketing and Online Marketing Tips

1,268 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,471 Listeners

My First Million by Hubspot Media

My First Million

2,661 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,273 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

359 Listeners

Moonshots with Peter Diamandis by PHD Ventures

Moonshots with Peter Diamandis

600 Listeners

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner by Chris Koerner

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

255 Listeners