W.H. Williams Blog
We have seen several business owners come up with a winning service or product, start up their business, and go like gang busters. Then, little by little, it turns sour. After analyzing this, we realize the inexperienced owner didn’t put enough emphasis on service.
We have often seen business owners who haven’t got the slightest idea of what they have in their inventory unless they run out of a product or if they have fire or water damage in the warehouse and they have to come up with an inventory list for the insurance company. Do you realize how much cash can be tied up sitting in some warehouse or back room? Inventory is cash.
- Business Mistakes (17)