Cash is king and stock is unrealised revenue.
👊 How long do you have stock on your shelves before you get a sale?
👊 Do you have to pay before ordering or on consignment?
👊 What are your lead times from stock order to delivery?
👊 Do you have a 3–6-month cash flow budget in place?
👊 Do you know your stock mix and what actually moves quickly?
Lerone Prior is a Chartered Accountant CA(SA) by profession with over 10 years post articles experience in finance, business development, M&A and strategy. He is currently Director at TP Consulting and Pharmagrown Group with specific focus on the Cannabis Industry regarding cultivation and downstream value chain.
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