First of all, lets do a quick recap of the main formulas we learned from part 1 of this finance blog series!
Feeling All caught up? Great! Lets keep moving...
I cannot emphasize enough how important it is to track inventory and to start doing so when you're still in the "growing" stage. Why? If you wait to track your items, before you know it you'll be big and famous and yet stuck going back to take stock of what you have to sell in the first place. Keep a sheet however complex or simple suits your needs, but I'd consider it most important to track:
Thanks for checking out this finance post - be sure to check back in for more fun tips and tricks for your sales journey!
***A quick thank you to some people who helped make this post possible to write and this blog possible - my real life + virtual pals - insta users @posh_aquaerica (or @aquaerica on poshmark) , @annarach13 (or @annarach713 on poshmark), and @fashionnsite4u. Thank you for the tips, repeated checks to make sure things look "just right," and contributions to both the post and blog here. Lastly, I would credit a textbook, BUT I learned from the best and had my dad spend hours going over finances with me. So credit is due for helping me learn the basics while I've been building my business.