Kickfurther CEO Sean De Clercq - Inventory Financing #91


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Sep 28 2020 23 mins   2
Kickfurther talks about financing best practices and is giving away $250,000 in no-cost financing this month. https://grow.kickfurther.com/2020-giveaway What is Kickfurther? Get fast funding for up to $2M in inventory for a cost up to 30% cheaper than other financing options. Kickurther funds are available when you need to pay your suppliers. How did you come up with the idea for Kickfurther? Family business in supply chain. Started up physical goods business. Big retailer orders. Alternative cost of financing would have lost money. What are some different options/considerations for funding a growing amazon or CPG business? SBA loans can be helpful. Common mistakes when financing? Being too optimistic on sales projections. Better to under promise and over deliver. Financing to pay back too quickly can backfire. What are some best practices for managing supply chain and inventory financing to address cashflow constraints caused by fast growth? Diversify distribution channels. Build redundancies Fresher Products funded on KickFurther, an My Amazon Guy client - https://www.kickfurther.com/coop/holiday-bbq-tools Book club: Never split the difference. First deal financed $1,400. Funded by community never met. "Couldn't believe how quickly I got funded."