Optimization Series - Financial Solutions for Manufacturing Operations
There are a lot of common challenges in the manufacturing industry. The list of usual suspects includes perishable materials, market differentiation, labor shortages, forecasting and supply chain interruptions … and then there’s the matter of finances.
This challenge encompasses not only how much capital you have at your fingertips, but also, who is managing the bookkeeping and accounting duties and are they optimizing your finances?
Here’s a story that might sound familiar to you:
You have a great idea.
You start a company and deliver a product to market.
At the beginning, you’re doing it all: R&D, production, sales, HR, bookkeeping, and accounting.
As you scale up, you have two options:
1 - hire and delegate OR 2 - fall behind on one or more of those duties.
So here’s the solution for when you find yourself wearing too many hats: outsource some of the more tedious and specialized financial operations to a qualified third-party.
Bookkeeping, Tax Preparation, and CFO Services
Bookkeeping is as important as any other aspect of a business, but for some reason, it seems less glamorous. And, it’s highly specialized! So leave it to the professionals and you can seize growth opportunities with your newly freed up time.
Let’s face it, maintaining accurate and streamlined financial records (things like revenue and expenditure ledgers, invoices, receipts, bank statements, payroll records and more) is meticulous and hard work. So working with a partner who specializes in accounting, CFO and tax services for growing businesses is a recipe for success. Look for an industry leader like Pilot that has proven success in helping start-up companies in a variety of manufacturing sectors all achieve the same goal – to build a strong financial foundation and scale up their business.
Inventory Financing, Asset Financing, and E-commerce Financing
If cash flow is your challenge, then financing a specific aspect of your business can be a practical solution. Whether you’re looking to finance the purchase of specific materials for a product launch, or you need new equipment to automate or elevate your production workflow, or even if you need an influx of capital to temporarily fund your payroll, financing options are available to help you scale to the next level.
No matter how you got there, finding yourself in a financial bottleneck is a frustrating place to be. It can stall your growth, it can leave money on the table, or worse, it can leave you hemorrhaging funds because of inefficiencies. Bringing a professional financial partner on board will funnel important tasks to people with the perfect skill set, and you’ll be well on your way with a smart and scalable growth mindset. Kickfurther has been funding CPG brands with this growth mindset for years. When you partner with a proven firm, you maintain control of your operation and get a financial boost when you need it most.
To explore financial solutions and partners for your business, make sure you tune in to our upcoming webinar on June 25th. Our financial partner experts, Pilot and Kickfurther, will be joining us LIVE. Learn more here.
