Dealing With Cashflow Issues and Q4 Readiness – EP75
As a private label business grows bigger, one of the inevitable struggles we must go through is keeping up with the constant demand for cash. The higher your sales, the bigger the amounts of cash you must pay to your suppliers for inventory. These massive orders must usually be paid in advance and the money is tied of for weeks, if not months, until they cycle repeats itself. In this episode I talk about a creative way I recently used to help me ‘float’ my Q4 inventory.
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