MINDBODY President Josh McCarter on Going From Losing $350,000 per Month to Running a $2 Billion Juggernaut
About ten years ago, Josh McCarter was running a struggling SaaS business in New York. His company was generating about $700,000 in annual revenue, but burning through $350,000…
About ten years ago, Josh McCarter was running a struggling SaaS business in New York. His company was generating about $700,000 in annual revenue, but burning through $350,000 a month. He didn't have enough cash on hand to cover next month's payroll. His customer base had flatlined. And just when it seemed like relief was on the way, a terrorist attack disrupted a critical investment. Not even his YPO forum mates thought Josh was going to make it.
I should know – I was in that forum!
Fast forward to 2019, and Josh is in charge of a company that was recently purchased for $2 billion.
In this conversation, recorded live at the 2019 CEO Coaching Summit, Josh and I talked about how he kept cool during all this adversity and focused on a plan that pivoted his company to BIG. Josh also describes how turning around his original company and zeroing in on one key strategy prepared him to run a billion-dollar business.
