June 22, 2021
10:00 am - 11:00 am
What business doesn’t have some inventory that has been sitting in the warehouse, stockroom or worse yet, on the sales floor? Perhaps you even have a part of your sales floor that is your ‘clearance corner’.
This session, utilizing a free calculator on the Profits Plus website, will show you how to calculate just how much it is costing you to be holding onto that dead inventory. Along with an example business being evaluated, ideas will be shared with regard to how to get rid of this dead inventory.
Tom Shay is a fourth-generation small business owner. His experience is that as an independent retailer, wholesaler, and manufacturer. Recognized for the unique approach to human resources utilized in a family business, Shay was asked if he could share the techniques in a book to be published by a national trade association. Shay’s areas of expertise are financial understanding, business strategy, marketing skills, staff education and sales. He has created over 50 topics in business management including one on business management after the Covid-19 virus which was recently delivered to the Houston SBDC.