business tagged posts

The Challenge of Turning Dead Inventory into Cash

If you’re looking at a build up of dead inventory, and feel a little overwhelmed by the enormity of it, here are a few ideas to help you get started turning it into cash.

A recent conversation with a client reminded me of how much some small (and not-so-small) retailers struggle with dead inventory. My client related how, slowly, gradually, almost imperceptive over time, the percentage of dead inventory had grown. And as it was growing, the problem was thought to be modest, because the rate of growth appeared to be modest, so modest measures were taken to deal with it. An extra markdown here, a special promotion there, maybe a sidewalk sale, but still there seemed to be more of it this month than there was last...

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“Investment is not a rat race but a judicious approach of radical option to realistic solution.”

People flock to any and every post on social or professional media looking for new ventures and opportunities for investment. One can witness crowds rushing to any opportunity without knowing the ifs and buts of the opportunities stumbled upon. Only concern is the growth of the value rather than the financial security and investment vision. This leads to crashing of the opportunity through uncountable means and sometimes affecting the market as a whole.

Now the most important point to ponder is do we really need to be a part of the rat race. We could witness innumerable fluctuations in the market going around every hour these days everywhere to showcase such carelessness without approaching the right thoughtful solutions.

Need of the hour is judicious approach, careful thinking with clear ...

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