EPISODE 143
Increasing the Liquidity of the Supply Chain with Richard Gusmano
By Kelly Barner | November 6, 2023
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.
Highlights
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
