April 22, 2025

Reducing Cash Flow Ups and Downs

In this video, I explore:

By Ben Tregoe Capital Efficiency Margins Strategy

In this video, I explore:

The relationship between Operating Profit and Free Cash Flow
How Free Cash Flow resembles a wave moving above and below your Operating Profit
The amplitude of the wave is driven by Net Working Capital
How reducing Net Working Capital reduces the amplitude of the wave thus making the business easier to manage because you have less super lows, more capital and a tighter, more predictable relationship between your Operating Profit and your cash flow.

Watch the video

Keep reading

August 12, 2026 · Operations, Logistics

Fix how you code inventory

Accounting will code inventory invoices as expenses for several reasons. You may not be aware it’s happening. And you may not be aware of the implications and benefits of fixing it.

June 21, 2026 · Capital Efficiency, Credit & Loans

Field Guide for How to Think About Capital for Brand Growth

A field guide for scaling consumer brands on how to think about inventory financing, and every other capital option, based on the growth it unlocks, not its sticker price.

May 13, 2026 · Margins, Capital Efficiency

Inventory IRR

I would expect blank stares if I asked a brand finance person what their Inventory IRR is, but it’s my favorite pet metric because it distills into a single number the potential of the brand’s...

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