Leveraging Limited Resources
By: Rick Boxx
December 12, 2012
While in New York City earlier this year, I marveled at the size of the local shops and their amazing use of space. The cost and availability of real estate in New York demands that shopkeepers take efficiency very seriously.
It didn’t matter whether it was a small grocer, hardware store, or a restaurant; every inch of the space available seemed to be used effectively. When space is limited, inventory gets stacked to the ceiling and you learn to only carry what sells best.
Solomon taught in Ecclesiastes 5:11, “As goods increase, so do those who consume them.
And what benefit are they to the owner except to feast his eyes on them?”
If your business has been unprofitable, perhaps you could examine how to more effectively use your resources.
If you need help using your business resources more effectively consider IRC’s consulting services.
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