This episode is all about stock management control – it can make or break product businesses.
It’s all too easy to fall victim to ‘shiny new stock syndrome’ and bulk buying discounts, where you end up overstocking your business and creating a “stock monster’ that reduces your cash flow to a trickle.
I cover the four key rules for stock management – having a plan, ordering the right amounts, trialing and repeating, and clearing as you go. These tools will help you feel strategic, in control, and give you more time to focus on the important things within your business – creating and curating a line of products you and your customers love.
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If you enjoyed this post, why not get my Intro to stock management?
It’s a pdf designed to give you more detail about managing your stock.
Getting your hands on the Intro to stock management is easy, and you’ll get so much more too!
It’s all part of my “Scale Your Business” FREE toolkit – a collection of resources designed to help you take your business to the next level. The toolkit contains:
E-book – 101 things to think about when you’re scaling your business
Margin calculator spreadsheet to check your profitability
E-book – Complete guide to Stock management
Workshop replay – The Launch Lowdown masterclass with Elizabeth Stiles
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For more information about all three of my toolkits, click here.