#150: Inventory Genius: How Inventory Works

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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