SMALL BUSINESS TRENDS: UNCOVER THOUSANDS IN SAVINGS, HIDDEN IN YOUR INVENTORY
On the Small Business Trends site, Grant Wickes suggests ways business owners can increase the bottom line by decreasing inventory.
Small Business Trends Excerpt:
When sales drop and budgets get tight, small businesses begin desperately seeking ways to cut costs. The options, however, are not attractive. Cutting people is painful, while slashing marketing has devastating long-term effects. Surprisingly, there’s an answer to this problem right within a business owner’s four walls: inventory.
Inventory encompasses everything from products to raw materials and even office supplies. Best of all, it represents a wonderful opportunity to save money.
Let’s face it, inventory isn’t glamorous. It’s bought indiscriminately, and when business is booming, there’s no need to worry about it. Right now, however, inventory languishing in a warehouse, shelf, truck, or supply room serves as a painful reminder of the overly exuberant past.
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