#150: Inventory Genius: How Inventory Works

2023-10-09

The importance of inventory is so overlooked. People see inventory as cute stuff to fill up the shelves, things people can add on to their services, or a reason to go to market twice a year. But inventory is the lifeblood of a product-based business. Your inventory will either load you down with debt, or it will create a surplus of cash. One hundred percent of the business owners who jump on a consult with me have inventory, and over ninety percent of them don’t know how much they own without pulling up their point-of-sale system. Even t...

The importance of inventory is so overlooked. People see inventory as cute stuff to fill up the shelves, things people can add on to their services, or a reason to go to market twice a year.

But inventory is the lifeblood of a product-based business. Your inventory will either load you down with debt, or it will create a surplus of cash.

One hundred percent of the business owners who jump on a consult with me have inventory, and over ninety percent of them don’t know how much they own without pulling up their point-of-sale system. Even then, most of them cannot find the number or have never looked before.

Yet inventory is what drives either all, or a considerable amount, of revenue through their cash registers. Listen in to learn more...

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