CEO Secrets: ‘I was making money, but had no money’
Honey boss Scott Davies says cash flow problems meant though he was profitable he “had no money”. …
“So someone orders 5,000 jars of honey and you have to buy in supplies, but the money is sitting with the buyer for 60 days. Then someone else places a big order and you have to buy in supplies for that, as well, while you are still waiting for the money.
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