In this episode of the Path to Profit podcast, Jance Chartae and Darlene Mitchell delve into the critical topic of smart inventory management and its direct impact on profitability. They discuss common mistakes small business owners make regarding inventory, the importance of viewing inventory as cash, and the necessity of strategic planning.

Chapters

00:00 Introduction to Smart Inventory

03:04 Darlene's Background and Expertise

05:55 Understanding Inventory as Cash

08:56 Signs of Poor Inventory Management

11:57 The Importance of Cash Flow and Profit

14:58 The Impact of Inventory on Business Success

17:53 Common Mistakes in Inventory Buying

20:53 The Role of Planning in Inventory Management

23:45 Conclusion and Key Takeaways

26:49 Understanding Inventory Management and Cash Flow

29:23 The Importance of Proactive Business Strategies

32:23 Balancing Inventory Depth and Breadth

35:20 The Role of Data in Business Decisions

40:37 Key Metrics for Product-Based Businesses

45:36 Building a Vision for Your Brand

48:19 The Importance of Mentorship

49:41 Asking for Help in Business

51:01 Proactive vs. Reactive Business Strategies

52:35 Teaching and Learning in E-commerce

53:27 Mindset Shifts for Business Success

55:23 Learning from Mistakes

57:13 The Role of Inventory Management

01:00:55 Building a Supportive Business Network

01:04:57 Taking Action on Inventory Decisions

01:08:05 The Future of Small Businesses

Ready for the Next Step?

If you’re serious about running your boutique and taking it to the next level, the best way to move forward is inside E-Commerce Profit Plan.

Inside EPP, I’ll show you exactly how to build a profitable and sustainable business.

🚀 Learn more about E-commerce Profit Plan: https://boutiqueacademy.samcart.com/products/epp-2025

📅 Book a free call if you're interested in working with me and my team: https://calendly.com/jance-1/epp-discovery