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Welcome to Episode 239 of the Success in Business Podcast. We are here for you every Monday to teach you about success in business and today is no different.
Today Tom and Jason celebrate the fictional anniversary of the Karate Kid, Daniel LaRusso’s legendary victory over the Cobra Kia, and Tom’s sister’s birthday. And, keeping with the spirit of the holidays, Tom gives pointers on how to emerge victorious from your next “ugly sweater” party. Spoiler alert, a glue gun and a lot of sass are needed.
The guys manage to bring the conversation back to business by returning to the topic of revenue-based financing. Tom uses the go-to hypothetical start-up, Kick-Ass Cat Sweaters to step through the mechanics of a revenue-based financing deal. Tom stresses how revenue is the most significance variable to revenue-based funding and determines how many Kick-Ass Cat Sweaters must be sold per month to repay a $100,000 loan.
Merry Christmas and Happy Holidays to everyone! We hope you have a wonderful day with your loved ones.
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