Part 6/8:
In the wake of the inventory dilemma, financial mismanagement became apparent. A clear budget reflecting shipping, operational expenses, and inventory purchases must be laid out to navigate these complexities.
As the entrepreneur began to manage finances more cautiously, it became apparent how essential it was to separate debts and find efficient ways to reduce costs and ensure healthy cash flows. Enhanced communication with manufacturers could help products adapt and evolve and ultimately thrive in a competitive market.