Inventory Management: How to Avoid Common Pitfalls and Prepare Your Business for Success

Anyone who has had an inventory-based business can attest: It can be a real pain.

First you have to decide what to make or order; how many of each, what colors, etc. Granted, that can be the fun part, but given that it's an investment of time and money for materials, you can't make those initial production decisions lightly.

Once you have inventory in stock, and start selling it through one or multiple channels (your own website, Etsy, wholesale, street fairs), it can quickly get disorganized, and that's where it's crucial that you have your inventory and financial systems in place.

Don't let this happen to you. Get Stitch!

This is where Stitch comes in. Stitch helps you manage the business side of things while you grow your business. We want to empower small business owners to avoid common pitfalls by saving you time, helping you keep an eye on your inventory, and providing valuable, actionable data & analytics to assist you in making important business decisions essential to sustainably growing your business.

A few months back we held a webinar series, 'Save Time and Sell More in 2012,' where we covered this topic in great detail. If you identify with some of the points I've covered in this post, I think you'll get a lot out of watching our presentation, Managing Inventory: Streamlining Sales and Utilizing Data to Make Smart Business Decisions:

[embed]http://www.youtube.com/watch?v=U9T5a6u4hJo[/embed]

Are you registered for the StitchUp?
Our next StitchUp is scheduled for Thursday, April 26th, and we're going to be diving into this topic in even greater detail. Designed with our existing customers in mind (although anyone is welcome) we want to show you how you can use Stitch to get a clear picture into your products and profits, and utilize that data to take your business to the next level.

Click here to register for the StitchUp!

How have you avoided some of these common pitfalls? Has Stitch helped you in your business, and if so how? We'd love to hear from you in the comments!

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