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This week Mena and Stuart discuss tips on how to manage your stock on hand to maximise your business’ profitability, including: 

• Why stock takes are important 
• Why to analysis your stock turn-over (by category and item)
• Measuring gross-profit by stock item – a small improvement can have a massive impact on profitability and cash flow 
• How to funding stock purchases. 

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.