In this episode of Conquering Complexity, Matt Putra interviews Nate Gunn, founder of GoldState Group and co-founder of WildBird. They discuss the evolution of financial management in businesses, the importance of cash flow management, and the strategies for effective supplier negotiations. Nate shares his personal journey in entrepreneurship, emphasizing the significance of data-driven decision-making and the value of building strong relationships with suppliers. The conversation highlights the challenges and successes in the consumer products space, offering insights for entrepreneurs looking to grow their businesses sustainably. His key takeaways are:

• Financial management evolves significantly as businesses grow.
• Many entrepreneurs start without a solid financial background.
• Working backwards from goals can clarify financial strategies.
• Supplier relationships can provide crucial financial leverage.
• Data analysis is essential for accurate inventory forecasting.
• Building a strong team allows for better data management.
• Cash flow management is critical for business sustainability.
• Negotiating better terms with suppliers can improve cash flow.
• Understanding the story behind the data enhances decision-making.
• Entrepreneurs should focus on their end goals and work backwards.

Connect with Nate Gunn on LinkedIn.

Connect with Matt Putra

Email me at [email protected] to set up a conversation to discuss how you can break free from the cycle of reactive decision-making and regain control over your financial complexity, anticipate challenges, and build the systems that will support your growth.