BBP 057 : Making Stock Management Sexy With Valerie Delforge

We are now on the second part of the Retail Sales Mini Series of The Beauty Business Podcast. This week, we will be talking about something sexy. . . like Stock Management! I know… I know… Whenever you hear stock management, I am sure you are imagining something boring like a lecture but this shouldn’t be the case! Stock Management is very important to any business that offers products and neglecting to take this seriously can actually make you lose HUGE amounts of money. No., I am not exaggerating as any product that you let sit on your stockroom is considered money wasted or not bothering to check on your stocks can really affect your budget. How do we properly manage our stocks and why is this important? Be assured that your stock management woes will be gone by our special guest who is an international business strategy consultant, COO to Naked Hare, Masters of Waxing and Beauty & Shine Aesthetics and also became a judge at several big beauty business events like World Wellness Spa and Professional beauty – to name a few.  Let’s all welcome to The Beauty Business Podcast. . .Valerie Delforge. In this podcast episode, Valerie will shift our mindset about stock management and see how essential it is for any spa or salon owners.   Episode Highlights and Takeaways: Why Is Stock Management Your Passion? (10:10) Back to Basics: What Do We Mean By The Term “Stock Management”? (13:22) Revenue: How Much Does Poor Stock Management Costs The Average Salon or Spa? (20:18) Common Stock Management Mistakes (23:20) Valerie’s Preferred Way of Stock Management (31:34)   LINKS: Episode 57 Show Notes: https://beautybusinesspodcast.com/episode57 Connect With Valerie Delforge: Website: https://valeriedelforge.com/ Online Workshops: https://valeriedelforge.com/online-recorded-workshops Podcast: https://valeriedelforge.com/blogs-podcast Instagram: https://www.instagram.com/valeriedelforge/?hl=en Do Not Click if You Don’t Want More Clients: https://beautybusinesspodcast.com/moreclients   Sharing is Caring! To me, controlling the stock is controlling your budget basically and budget to me is everything. Without a budget, you can’t function, you can’t grow and you don’t know where you’re going.  -Valerie Delforge-   Help a colleague or someone you know who’d be interested by sharing this quote or episode! WE NEED YOUR VOTE! Help us win by nominating The Beauty Business Podcast at The Podcast Awards. Here’s how you can nominate for me: Visit this link :https://www.podcastawards.com and you would need to sign up. Kindly check your email as you will receive a verification code. Once verified, you will be directed to your dashboard where you can nominate a podcast show under several categories.  To nominate us,select our podcast show The Beauty Business Podcast (scroll down to T’s)  from the dropdown list of these two categories only: Adam Curry’s People’s Choice Award and the Business Category.  Once done, just click the Save at the bottom then you’re all set. Share this to your friends and colleagues so we can garner more votes! Winning will allow us to make huge improvements on the show by providing you with more FREE, informative and actionable podcast episodes to help you become successful in your beauty business.