93 - How a $30,000 Monthly Loss Forced a Founder to Rethink His Leadership
In 2015, a currency shock pushed the Canadian dollar from parity to $1.46 against the US dollar in eighteen months — a 46% jump in costs for Solpak, the packaging distribution company David Salerno had spent years building. At the worst point, the company was net-losing $30,000 a month, with hundreds of thousands in outstanding payables piling up at the same time.
David Salerno, founder of Solpak Packaging Solutions and Entrepreneur Sherpa, joins The Breakout CEO to walk through what that crisis forced him to confront: a pricing model that couldn't move fast enough, a team that needed the…
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