We've decided to pull the lever and apply for some funding. While Amarlo is growing at an accelerating rate, we just don't have the cash to keep up! So, we're working with our local SBDC chapter to get some funding from the Small Business Administration.
There are critical differences between a company's profit and its cash flow. A profitable P&L statement does not necessarily imply positive cash flow due to factors like capital expenditures and loan repayments!
Patience, the value of partnerships, embracing imperfection, exceptional customer service, and transparency. These five lessons can help aspiring entrepreneurs navigate the complexities of business ownership and foster lasting success.