Ep 143: Increasing the Liquidity of the Supply Chain feat. Richard Gusmano

Source: https://www.podbean.com/eau/pb-m7mhz-14e1a82

Entrepreneurs found businesses because they believe they have formulated the best new product or the most innovative way of providing a service. They are focused on their customers, value proposition, and their hope for the future. Unfortunately, there is one thing that - if left unmanaged - can bring all of their hopes and dreams to a sudden halt: cash flow.

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Richard Gusmano. Richard is the Founder and CEO of Business Credit Consultants, a company that is focused on helping small businesses secure the credit they need to grow. He uses his own experience as a small business owner to help others manage cash flow and credit so they can reach their growth goals.

In this interview, Richard shares his first-hand experience working with small to medium-sized businesses:

- The most common mistakes small business owners make when it comes to credit and cash flow

- Why selecting the right bank it so critical

- How procurement and sourcing professionals can assess the potential for risk associated with smaller prospective suppliers

- The important role that small business play in the overall economy, especially in terms of revenue and job creation

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