Investors

She Raised Millions From Investors ... Then Almost Lost It All

Raquel Tavares had just finished raising a round of funding -- and then her team looked at the company's numbers and realized they were almost out of money.
She Raised Millions From Investors ... Then Almost Lost It All
Image credit: Ashley Burns
Entrepreneur Staff
Editor-in-Chief
1 min read

This is an episode of our podcast Problem Solvers. Each week, an entrepreneur reveals how they overcame an unexpected problem in their business -- and were happier and more successful as a result. The show is hosted by Entrepreneur’s editor in chief, Jason Feifer. Listen below, or subscribe on iTunesGoogle PlayStitcher, or wherever you get your podcasts.

Raquel Tavares, founder and CEO of a ghee company called Fourth & Heart, had just finished raising a round of funding -- and then her team looked at the company's numbers and realized they were almost out of money. How did this happen? The answer is simple: The company wasn't properly tracking its inventory and cost of raw materials, and now it was in a terrible bind. What does an entrepreneur do in a situation like this? Tavares is here with an incredible answer: Not only can you survive a problem like this, but you can even thrive because of it. But you’ve got to be nimble, humble, willing to make a lot of changes and able to stomach a lot of hard conversations.

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