Dan Fleyshman
๐ค SpeakerAppearances Over Time
Podcast Appearances
When you get bombarded, because you're out and about all the time, you're in meetings, you're with power players, Mark Wahlberg here, Mario Lopez there, people see that like, oh, I'm going to pitch Gavin.
How do you say no?
How do you filter?
So what Gavin mentioned about the a hundred K for a beverage company, the reason that has literally no chance of working is even when it works sales wise, you need money for the production and manufacturing.
So let me give you a life example.
I had my energy drink, 55,000 stores, 43 distributors.
Sounds like everything's cool, right?
Costco ordered $2.2 million a product.
So that means I had to come up with around a million dollars to make that product.
We shipped the product by the way, imagine January 1st, they ordered the product.
That means you ship on March 1st or April 1st.
So they either want it in 60 or 90 days, but then once they, they get it, they want net 30 or net 60 terms from receiving the product.
That means I'm not going to get paid till May 1st or June 1st.
I had to come up with a million dollars on January 1st when the order came in.
Here's the next problem.
What if your drinks actually good?
And we actually did really well and sold through there.
They did a reorder of $5.5 million.
I still didn't get the 2.2.
I had to go get around $2.5 million to go make the 5.5 order.