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Chapter 8. Stocking Your Store > Minimizing Your Inventory Risk

Minimizing Your Inventory Risk

In the early stages of your business, you certainly don't want to be stuck with excess stock. Stock is basically money on hold, and unless you are starting out with a hefty, regular cash flow, excess stock simply eats up money. Instead of the money going in your pocket, it sits on the floor in a big box marked "Loser." It takes time to get a feel for what types of products will move fast and which ones will collect dust. When you're starting out, carrying the smallest inventory possible makes the most sense.

Almost every business starts slowly. You may not want to stock anything until you actually have orders coming in, especially if you're selling expensive merchandise. Minimizing your stock helps you pay your business bills and hopefully even pay yourself.


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