“A lot of people think just because we have a mobile business that we are not structured, that is not true.”
Before coming to Camino Financial, Gaspar and his wife, Christina found themselves discouraged to continue with their mobile grocery trucks business after being in operation for 8 years. They felt that they couldn’t reach their goals. Christina says “I was about to give up the business and my husband said ‘don’t sell’ he told me that we had to be patient and he called a friend that is an accountant who advised us that it was time to formalize our business and that’s when we incorporated.”
“Once we formalized our business it opened the doors for us.”
“We started from the bottom getting the licenses and getting in compliance. Formalizing our business disciplined us to start taking things more seriously like our cash flows, knowing our break-even point, and learning how to control our cost and profit margins. We even got a handle on our inventory and got a point of sale system to manage it.”
“I don’t think we could have even gotten the loan if we hadn’t formalized our business.”
“After getting our things in order, we realized there was an opportunity to grow our business with capital and applied for a business loan with Camino Financial. I don’t think we could have even gotten the loan if we hadn’t formalized our business.” Gasper, continues to say “a lot of people think just because we have a mobile business that we are not structured, that is not true.”
Formalizing your business can help maximize your chances of financial and operational success. If you decide it’s time to legally form your business, let us know. We want to see you succeed!