Where’s the Cash? (Part 2)

“I’m supposed to be making money. But look at my Profit & Loss statement. Where are the dollars? They’re not in the bank!”

We started answering the question “Where’s the cash?” in the previous posting. Here are three more answers to help you put in place any missing basic building blocks of business:

3. Too much inventory. Increases in inventory require cash. When inventory doesn’t turn into sales, it starts to look like cash sitting on shelves, which it is. Good inventory management doesn’t come from just thinking about it hard; it comes from a system. Find out…