329: 3 Things You Must Know Before You Take a Business Loan
About this episode
This episode discusses essential insights on business loans and cash flow challenges faced by growing ecommerce businesses.
You hit six figures. The orders are coming in. And yet, somehow you still can't pay yourself. If that sounds familiar, this episode is for you. I'm sitting down with Chantal, founder of Oh Color Me, a fast-growing coloring book business that doubled its first-year revenue, and she's pulling back the curtain on the cash flow problem nobody talks about when your business takes off. Listen in and learn: Why six figures in sales doesn't mean six figures in your pocket. Why you can't grow your way out of a profit problem (but what you can do instead) Why an operating line of credit is the wrong tool for inventory growth We're walking through her exact numbers, her pricing, and the changes she needs to make before she borrows a single dollar. This is a real strategy conversation, and it's the one I wish someone had with me 25 years ago. RELATED LINKS: Chantal's mini coloring books are available at ohcolorme.com , on Amazon in Canada, and through retailers found via the site's store locator. Ciara Stockeland: https://www.ciarastockeland.com/ What Every Store Owner Needs to Know About Business Debt…
People in this episode
Host: Susan Bradley
Guest: Chantal
Mentioned in this episode
Organizations: Oh Color Me, Amazon, Ciara Stockeland, The Social Sales Girls
More episodes of The Ecommerce Roadmap
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- 327: How a Maker Scaled Her Sales and Replaced Her Teaching Salary in 4 Months
- 326: Want a better Conversion Rate? Start here.
- 325: 3 powerful website fixes to turn more Browsers into Buyers
- 324: How to Sell Your Art Online: What One Botanical Artist Did to Grow 521%
- 323: Why you're not getting Sales - it's NOT your Conversion Rate
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