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Surviving the Business Rollercoaster (ep 136)

balance sheet boutique business boutique business tools boutique ownership education ecommerce retail the inventory genius podcast Jul 03, 2023

During this episode, we're talking balance sheets and how you can survive the business rollercoaster. Watch as we dive a little deeper into what a balance sheet is, how it works, and how your business' inventory's involved. 

In my book, Inventory Genius, I get into the nitty gritty of balance sheets. You cannot become an Inventory Genius without understanding how inventory fits on the balance sheet. Recession, pandemic, technology - entrepreneurship is a rollercoaster! And I think we all understand this, right?!?

The businesses that last are those that have strong balance sheets. These businesses can weather any storm.

What does this look like? A strong balance sheet shows cash in the account, assets that are correctly accounted for, and little to no debt. I want you to strive for these things in your inventory based business.


Here's a glance at the episode:

[4:15] Ciara shares from her book Inventory Genius and jumps into how inventory works in your balance sheet.

[5:48] What does a strong balance sheet look like?

[17:05] A closer look at inventory in your balance sheet.

Click here to listen to the episode.

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