329: 3 Things You Must Know Before You Take a Business Loan

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 https://www.thesocialsalesgirls.com/blog/what-every-store-owner-needs-to-know-about-business-debt-episode-267

Why More Sales Isn't Fixing Your (ecommerce) Cash Flow Problem https://www.thesocialsalesgirls.com/blog/why-more-sales-isnt-fixing-your-cash-flow-problem-episode-318