01 — Feals · Turnaround
Profitable at $5M first. Then it grew to $30M.
$137k left in the bank. Four straight years of losses. Net sales at an all-time low.
Look at the order things happen in. The profit line turns first. Sales don’t move for another nine months. Growth multiplies your economics in whichever direction they already point, so we fixed what a customer was worth before we bought another one.
The first profitable year came at $5.5M. Then $19M and $30M, profitable the whole way. The flat stretch in the middle is where all the work is, and it’s the part everyone wants to skip.






