My sales are up but cash is tight!
Lynne Lambert is President of Prak Productions, a wildly successful fashion apparel and accessories company with New York subway and Coney Island themed products, www.nycsubwayline.com; www.coneyislandline.com. The company is going global through its Z-Guide street map of London accessories. This growth is exciting, but requires substantial up-front investment in production. Hear Lynne, a Make Mine a Million $ Business Awardee, speak about finding her “comfort level” with managing cash flow in her growing business. Lynne uses factoring, a process of borrowing against Receivables, as a way of dealing with long sales cycles and fast growth.
