Drip founder shared
In 2021 the reserve bank blocked us, meaning we couldn’t do any international payments and get our stock in the country. And in 2022 we lost R150Million, i knew the next coming months or years would be very bad.
I kept my head up high and focused on the positive and recovery. I had to halt a lot of projects and work on a new strategy that would work without any cashflow being pumped in the business.
We worked on a turn around strategy, Cut the operational costs, close some stores, liquidate some businesses and keep our eyeballs on the Footwear business.
Without product you lose a market share and trust from customers. without cash, you lose trust in employees, suppliers and potential investors in the viability of the business.
Yesterday’s deal marks hope and a very good turnaround.
A very big lesson, when you lose money, don’t lose your mind. You’ll need it to bounce back!!!
🍾
In 2021 the reserve bank blocked us, meaning we couldn’t do any international payments and get our stock in the country. And in 2022 we lost R150Million, i knew the next coming months or years would be very bad.
I kept my head up high and focused on the positive and recovery. I had to halt a lot of projects and work on a new strategy that would work without any cashflow being pumped in the business.
We worked on a turn around strategy, Cut the operational costs, close some stores, liquidate some businesses and keep our eyeballs on the Footwear business.
Without product you lose a market share and trust from customers. without cash, you lose trust in employees, suppliers and potential investors in the viability of the business.
Yesterday’s deal marks hope and a very good turnaround.
A very big lesson, when you lose money, don’t lose your mind. You’ll need it to bounce back!!!
🍾
1 yr. ago
