Van Meer: Growing too fast in construction or e-commerce can cause bankruptcy
Ramon Van Meer · From $300k to $35M+ Selling Dog Ramps with Ramon Van Meer, CEO & Founder at Alpha Paw · Oct 22, 2021 · at 39:51
Ramon Van Meer explains how cash flow timing issues and rapid scaling led to the failure of his construction company.
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“Where construction, you really, it's a similar, a little bit similar, like with e-commerce, I think you could grow yourself into bankruptcy, if that makes sense. Making, for example, you with a construction, same with e-commerce, you have to put a lot of money up front. I have to pay every Friday the crew, I have to buy the supplies, but I only get paid all the way at the end when the project is done. So The faster you grow, the more projects you have, the more money you have to put out in the open and you have to wait for it.”
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