5 | Controlling your stock
Stock management can make or break product businesses. It’s all too easy to fall victim to ‘shiny new stock syndrome’ and bulk buying discounts, where you end up overstocking your business and creating a “stock monster’ that reduces your cash flow to a trickle. In episode 5 of the Resilient Retail Game Plan I cover the four key rules for stock management - having a plan, ordering the right amounts, trialing and repeating, and clearing as you go. These tools will help you feel strategic, in control, and give you more time to focus on the important things within your business - creating and curating a line of products you and your customers love.