89. When Growth Creates New Risk in Your Business with Tyler Dawley
About this episode
The episode discusses how growth in a business introduces new financial risks and the necessary adjustments to manage them.
As a business grows, the risks change. What works when you are selling small amounts to many customers may not work when your operation begins moving larger volumes and dealing with much bigger invoices. In this episode, John Haskell sits down with returning guest Tyler Dawley to talk about how growth in Tyler’s pasture-raised chicken business has introduced new financial risks. Tyler shares lessons he is learning in real time about protecting a business as it scales, including the emotional challenge of enforcing payment terms and why larger transactions require more formal agreements and processes. The conversation highlights an important point for any livestock or agricultural business: bigger operations require a different level of structure, risk management, and discipline. Make sure to hit subscribe/follow so you never miss an episode! In this episode, we cover: How Tyler’s chicken business evolved from small direct sales to large wholesale orders Why larger customers and bigger invoices create new financial risks The impact that late or unpaid invoices can have on a growing operation Ideas for protecting your business with payment terms, contracts, and guarantees The…
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