Week 41 (Day 3): Retail Business Finances

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Day 3: Managing Retail Inventory

• Take Action

• Helpful Tip

• Free Resource

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Week 41 Day 3 Action Plan

Today, let's dive into the financial aspects of inventory management in the retail sector.

Take Action: Inventory Management in Retail

• Explore inventory costing methods: FIFO, LIFO, etc.

• Evaluate your current inventory turnover and its impact on finances.

Helpful Tip:

• Efficient inventory management directly impacts cash flow and profitability.

Free Resource:

Stay in Touch

What inventory costing method does your business use?

Until tomorrow, happy financial management!