))
60 - What I Learned From My $7M Bankruptcy with Hunter Durham
Manage episode 440896435 series 3591759
Innehåll tillhandahållet av Nikolas Hulewsky. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Nikolas Hulewsky eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨
Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Hunter Durham (https://x.com/huntercdurham), an entrepreneur who went from running a successful $7 million company to filing for bankruptcy. Hunter shares the lessons learned from his company, Furniture USA Distribution, which collapsed due to customer concentration on a major client and poor cash flow management.
In this episode, we explore the dangers of scaling too fast, managing a business's financial health, and why diversifying your customer base is critical. We also dive into the emotional toll of facing bankruptcy and how to recover from it.
Hunter’s transparency about his failures and successes makes this episode a powerful reminder that entrepreneurship isn’t always a smooth road.
Questions this Episode Answers:
- How did Hunter grow Furniture USA Distribution to $7 million in revenue before its collapse?
- What are the dangers of relying on one major client for business revenue?
- How can entrepreneurs avoid scaling too fast and protect their businesses?
- What are the best ways to manage cash flow and customer risk?
- How does bankruptcy affect an entrepreneur emotionally, and what are the next steps after hitting rock bottom?
___________________________
Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts.
___________________________
Spotify: https://tinyurl.com/5avyu98y
Apple: https://tinyurl.com/bdxbr284
YouTube: https://tinyurl.com/nikonomicsYT
___________________________
This week we covered:
00:00 Introduction and Welcome
01:23 The Bankruptcy Story
02:26 Hunter's Business Background
04:17 Early Career and Sales Experience
05:21 Life at Facebook
07:15 Transition to Entrepreneurship
14:14 Launching the Agency
18:04 Acquiring the E-commerce Business
23:16 Acquisition and Customer Concentration
24:34 Cashflow Challenges and Terms
26:06 Navigating Debt and Receivables
30:20 Facing Bankruptcy
37:58 Lessons Learned and Moving Forward
44:48 Rapid Fire Questions
86 episoder
Dela
