Our founder was in $70,000 of personal and $20,000 in business debt in the early years of starting this company and she said the debt weighed her down. So what did she do? She took 2 years and broke free of $70,000 of personal debt and $20,000 of buiness debt.
So what does this mean?
It means we only buy inventory with cash and that means we only buy what we can afford. So our inventory will be limited and sales will be limited. It also means that we launched new items at a slower pace bc we have to regain our cash flow from the items sold.
We also use a budget so we know exactly where our hard earned cash is going. Have you ever got paid and then went broke the same day, then wondered where your money went? If you answered "yes", you're not alone! That was us once upon time too then we got a little bit smarter and decided we wanted to control our cash better. Our cash needed a plan.. Kinda like a GPS. A GPS tells you where you are and where you're going. We needed a GPS on our money - How much money we had and where we wanted it to go.
So why are we telling you guys this?
We want to be transparent with you. We want to be different from other companies. We believe that in telling you this, it could have a small trickle effect to you and your family if you are in debt.
Did you know a recent study showed 80% of Americans in debt? That's a huge number!
Have you ever heard or seen another company tell you there were debt free? Mostly likely not. We believe that most companies are in debt and some companies that are in debt go bankrupt. We don't want to be either.
Now PINNE™ is a debt free company and operating freely.
Let us know if you have any questions about taking control your cash.