According to an oft-cited U.S. Bank study, a whopping 82 percent of small businesses that fail have cash flow management issues. If you work in the retail or wholesale space, those cash flow management issues almost always involve problems with inventory.
Have you ever heard two people having a conversation and been unable to follow it, despite the fact that you’re sure they’re speaking the same language as you? That can happen when two musicians discuss jazz, two sommeliers talk wine, or two programmers chat coding.
Deloitte forecasts that retail sales during the holidays will grow another 5 – 5.6 percent this year, totaling a massive $1.1 trillion in the US. How much of this money will end up going to your retail clients will depend on how ready they are for the rush.