Startups

How to Bounce Back When Your Business Threatens to Go Under

Plus, why consumer finance businesses can make for risky startups.
1 min read
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In this video, Entrepreneur Network partner Mars Discovery District talks with Peter Kalen, the CEO of fintech company Flexiti Financial.

At one point, Flexiti struggled to keep its head above water and make payroll. The business narrowly avoided going under and eventually turned the business around. 

Looking back on the unpredictable entrepreneurial journey, Kalen describes the precarious nature of consumer financial businesses, considering the loose structure and large amount of capital the businesses require.

Click the video to hear more. 

Related: How Off-Grid Technology Can Increase Connectivity and Improve the World

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