Econ businessis fastest growing business model right now. A and ane pandemic certainly helped it for a the conversion to more people being going through purchasing product through additional mechanism. The challenges here on the accounting side is going to be cashflow, right? You have to go ahead and put fifty per cent debt deposit on your goods an before they go across the ocean,. If you're buying em in europe, if you're buying them in china. And then you have to put the other fifty per cent down before you ever get the productand before you sell it.
A low-burn rate gives startups the agility they need to succeed and weather unforeseen challenges. Two CEOs join Jason to discuss how founders can make the most of their limited capital. Ben Seidl of Neyborly covers managing burn rate (2:58), Lil Roberts of Xendoo shares the steps needed to maintain financial health, then Jason joins for a Q&A on how to create a slingshot business(48:48), the appropriate level of runway (55:02) & more.