Chomp Chocolate rejected 2,000 retail stores due to cash flow constraints
Ben Bailey · Advice Line with Serial Entrepreneur Marc Lore · Dec 26, 2024 · at 14:20
Ben Bailey explains to Marc Lore why expanding into wholesale grocery distribution is prohibitive for a self-manufacturing startup without large working capital.
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“We've also had to say no to like a lot of big stores like over 2000 stores in the last year, because, you know, I can't, I have the factory and the production equipment, and technically we could produce more chocolate, but funding another crew and then the purchase orders that are 30 to, you know, net 30 to net 90 is just really difficult.”
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