We already had the first meeting yesterday to talk about 2024. For that, 2023 has to end well but we are working on it. There are still many days to find out.
1 Cash flow generated in November and December
2 Planning product orders to replenish
3 Deciding which new products we want to invest in4 Loan repayment
5 Business costs
Cash flow generated in November and December
One of the keys will be the result of these two months. Our goal is 550k but at the moment we are very far from reaching that goal. The rest of the month has whatsapp data to go very well so that we can at least get a little closer. Our ability to generate cash flow for the rest of the year will be key. The more we sell, the better the situation we will be creating for 2024.
Planning product orders to replenish
We have to analyze the stock of products and how to write an effective title with that plan to launch orders so that we do not have inventory shortages in 2024. Once again, cash flow generation will have an impact on this.
Deciding which new products we want to invest in
We want to continue growing. Both with new products and with products that we already have. This time we have to take our learning from 2023 and focus on easily scalable products. There are products that are simple and others that are more complicated.
Loan repayment
In addition to all this, we have to repay the first loan. By the gambler data end of March we have to have 100,000 euros set aside that we have received for our Christmas business. If all goes well we will be able to have it again but to do so we first have to have that capital on hand to show the bank that we have the ability to repay that money.
Business costs
We also have to take into account business costs. You have to take into account that every month you have to pay salaries and structure. We cannot be too clever investing liquidity that we need to breathe.
It is not easy to take everything into account. When you make this plan you have to take into account many moving pieces. We will get there.