Inventory Genius Part One (ep 108)Jan 10, 2023
What's the right work we need to do as a product-based business owner?
Last week, we talked about the number one New Year's resolution you need to make in your business (catch the episode here). I want to hear about what you wrote down! Go ahead and email me at [email protected].
Last week's episode lays the groundwork for what we'll be covering over the next six weeks. Today, we're starting with the topic of doing the right things.
I recently opened up an email telling me that a client had paid off ALL HER DEBT. What was surprising about this was how quickly she made it happen. When I asked her how she did it, she told me, "I just did the work".
So what is the right work? What should we be working on as inventory-based business owners? The answer: INVENTORY.
Inventory is the life blood of our business. Focusing on the right things means focusing on getting our inventory under control.
Inventory and how we manage it will make or break our sanity and our business. Inventory has the power to let us write our own paycheck.
Four out of five lines on a profit and loss statement are driven by inventory. Without these in order, nothing else will fall into place.
Here's a step I want you to take today: figure out what four out of five categories are tied to inventory? Bring your answers next week!
Here's a glance at the episode:
[5:12] Ciara talks about the right work.
[6:15] Why is focusing on inventory so important?
[13:20] If your inventory isn't under control, you're always going to feel stuck.
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Questions? Want to learn more about working with me? Please feel free to get in touch by emailing me at [email protected].
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