Today, Lindsey Fronaphel CPA joins us as we dive into inventory and operational expectations in 2021. There are a lot of moving parts to inventory, making it a big deal especially in the world of e-commerce.
If you don't have inventory, you don't have sales. You have to keep your eyes on your inventory levels so you don’t run out of it and in order to maximize sales. You also need to understand not only the financial and operational pieces of it but what it means to your growth and scalability as well.
At Bottom Line CPA, we believe that what your bottom line says is more important than what your top line says. However, many entrepreneurs only think about their top-line growth.
Ultimately, your net income is driven by your inventory. Therefore, at some point, you need to be in a mindset where inventory becomes a priority and you make a point to wade through it. You’ll probably never have a perfect inventory but you’ve got to at least find the inventory solution that best fits your business.
In this episode, you will hear:
Subscribe and Review
Have you subscribed to our podcast? We’d love for you to subscribe if you haven’t yet.
We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.
Supporting Resources:
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.
He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.
Find out more at https://emeraldcitypro.com
