This time of year there are monsters, ghouls, and mummies lurking around every corner. Not to mention grinning jack-o-lanterns on every porch and bats and ghosts hanging from neighborhood trees. Those things are all for fun. As a small business owner, what you really need to be afraid of this time of year is any situation that will impact your upcoming holiday sales. Today we're going to talk about some of the frighteningly real things that can significantly impact your business and how to avoid running into problems. Keep reading for some great tips and some information on how Stockpile free inventory solution can help.
Sold out. Selling out of the things that your customers want and need is never a good thing. When they leave your store disappointed they will be tempted to go elsewhere to make their purchase. It can be hard to predict which items will be most popular but keeping a close eye on inventory can allow you to reorder before you completely run out of stock.
Overstocked. Some business owners believe that more is better and they over order "just to be on the safe side." When your business has too much of something it can really hurt sales. For one thing, if you have too much on the shelf, it appears as though the item is very unpopular and no one is buying it. Plus, it takes up valuable space and can make your business appear cluttered and uninviting. If you are confident that you can accurately track sales and reorder as needed you won't feel the need to overstock your store.
Lost. You know that you have the item in question, you just can't locate it. That makes it impossible to sell, it's frustrating for your customer and for you. You need to be able to locate the inventory that you have on hand at all times. Not only will your customers be impressed, it will allow you to complete the sale quickly and move on to helping the next person. Even people who like to browse appreciate being able to checkout quickly once they've made their purchase decisions. No one wants to stand around while you search for an item that you may or may not be able to locate.
Wasted time. There are so many quicksand areas within your business. Those tasks that seem like they will be quick and easy to complete but then they suck you in and eat up hours of valuable time. Tasks like this are dangerous. It is tempting to start them when you have just a few minutes to spare. After all, you should be able to finish it in the time you have, right? Wrong! When a deceptively complicated task takes longer than expected you end up stealing time from some other project. You may become frustrated and try to rush the first task to completion so that you can move on. The end result is usually two or more hastily completed jobs that could have been done better. Talk about wasted time. Anything half done or poorly done will need to eventually be redone. Ugh! You need to have good processes in place so that you have a better idea of how long tasks will take. Don't start a project that you know you can't finish. It's better to wait until you have time to focus on the job at hand. Your time is precious, use it wisely.
Our Free Inventory Solution Is So Good, It's Scary!
All of these can be scary and they can harm your business in numerous ways. Fortunately, Stockpile can help you avoid them all. With Stockpile free inventory solution it's easy to track inventory within a single location or across multiple locations. Running reports, checking inventory totals and more is fast and easy. Plus, Stockpile is mobile compatible so you can access your inventory data even when you're away from the office. Thanks to areas and locations you can be extremely precise about where inventory is located. Inventory management can be a complicated, time consuming, headache inducing process, but it doesn't have to be. With Stockpile your inventory issues will be handled allowing you to focus on other aspects of your business. When you want the job done right, use Stockpile!
