If you’re in the eCommerce world and have any kind of inventory-based business, you know how growth can be a double-edged sword: the faster you grow, the larger the POs that you have to place and the more likely you are to slip into a negative cash flow. Ben Tregoe is the CEO and Co-Founder at BainbridgeGrowth.com, a company that helps eCommerce businesses with advanced financial modelling and evaluating different options for financing their growth. He joins me today to talk through some of the options and the pitfalls that eComm businesses can face as they grow.
Listen in as Ben shares some of the biggest mistakes that brands make when it comes to financing, as well as the importance of thinking well into the future when looking at all the options available. We also discuss the best financing options for every stage of the eCommerce business (including PO factoring, mezzanine debt, and the Kickfurther model) and the one area where many don’t focus enough when it comes to financing options.
Image by Gerd Altmann from Pixabay.