Side Hustle School Ep. 3115 - Q&A: “How much inventory should I keep on hand?”
Jul 12, 2025
Discover the art of inventory management in small businesses, especially when resources are tight. Learn how to strike the perfect balance between having too much and not enough stock. The discussion includes practical strategies for sales forecasting and managing limited product runs, particularly for perishable items. Entrepreneurs will pick up tips to navigate these crucial challenges while fostering growth and efficiency.
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Inventory Management Needs Flexibility
- Inventory control is less about perfection and more about intentional, flexible management.
- Balancing stock avoids panic, missed sales, and inventory-related problems while maintaining peace of mind.
Consider Perishability and Seasonality
- Adapting inventory management to product perishability, like skincare shelf life, is crucial for small businesses.
- Seasonal variations and product lifespan should heavily influence stock decisions.
Implement Limited Runs to Drive Urgency
- Try limited production runs to create urgency and avoid overproduction.
- Selling out occasionally can stimulate demand and encourage quicker purchases.