The financial lessons we've learned scaling an 8-figure skincare brand
Shopify Blog
Money talks: Everything I wish we'd known earlier about managing our business finances
Hey everyone, welcome back. Last week, we covered all of the highs and lows of figuring out an effective marketing strategy for your business. Now, it's time to talk about money: specifically, how to approach funding, cash flow, and expenses. Let's dive into Episode 4, all about business finances.
If the math doesn't work, your business won't work. Many entrepreneurs quickly learn that getting a firm grasp on how money moves in and out of their business determines whether they're able to survive—and thrive.
But you don't need to be a natural number cruncher to pick up the essentials. I certainly had to learn the ropes when I got started. I also had to learn plenty about how to navigate legacy financial systems as a fast-paced entrepreneur. (Spoilers: Yes, there's red tape. Balance and Capital weren't available when I was starting out. 🙂)
Hopefully, my experiences can save you from future headaches. Success with finances really comes down to getting the details right, so we'll leave no stone unturned. You'll hear everything from my most unique experiences (like our appearance on Canada's "Shark Tank") to the less glamorous grunt work, like how to increase your line of credit. Enjoy!
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