WARNING: Inventory Is Killing Your Business!

March 14, 2010 - PRLog -- Inventory is one of the great hidden costs in business. Very few business owners understand its importance or, more to the point, the importance of keeping it under control.  It is easy to get caught in the trap of accumulating stock.  However, excess inventory ties up your cash while providing little or no benefit to sales or the bottom line. In fact excessive inventory can weigh a business down and ultimately lead to revenue losses and bankruptcy.

According to Rhondalynn Korolak, business acceleration expert and author of Financial Foreplay – Whip Your Business Into Shape and Take Home More Cash, “every time you buy stock for your business - raw materials or saleable product - you should see the purchase as an investment.  Like any other investment, you should expect it to provide you with a financial return in a short time.  Tying up cash needlessly in stock affects cash flow and everyone knows that lack of positive cash flow is the biggest killer of Australian small businesses.  Unfortunately, it’s the one critical number that your accountant often neglects to discuss with you.”

It’s crucial for business owners to become aware of the factors that adversely impact cash flow and discover strategies to rectify the problem quickly.  Korolak’s captivating and thought provoking new book – Financial Foreplay – will cause you to look at your business and financial statements in a completely new and empowering way.  This book will help business owners make quality decisions, focus their efforts and generate more profit predictably and easily.  

By drawing upon the analogy of an intimate relationship – something that everyone is familiar with – she brings financials to life and teaches readers to guide their business from where they are to where they want to be.  You can’t help but come away with at least 99 different strategies to whip your business into shape and you will finally know the answer to important questions like:

•   Are your debtors just not that into you?
•   Why your bookkeeper is from Mars and your accountant is from Uranus? and
•   Why “skrinkage” is just as much a problem for you as it was for George Castanza in Seinfeld?

Says Korolak “understanding where you are at financially in your business is critical in a tough economy. Nothing could be more deserving of your time and attention.  But the payoff is HUGE – finding hidden cash in your business and putting it to work today will enable you to succeed in any economic environment and reward yourself with a much deserved pay increase!”

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