Stories, ideas and tips to help women build fabulous businesses and to help you build your best business.

Friday, August 29, 2008

Are your profits going down the plughole?


This morning I did my once-a-month fridge audit. It doesn’t seem to matter how carefully I undertake day-to-day fridge management there always seem to be a few green cheese and slimy mushroom gems hidden at the back of the fridge. Today though I was moderately taken aback to find quite a stash of Dora the Explorer Banana Yogurts that seemed to have silently slipped past their ‘best –before’.

I blame it on the children. They take a liking to something, I see it on special, buy it in bulk and then, well then, they go off it.

This afternoon I visited a beautician friend. She was in the middle of the day- spa version of the fridge-audit. It wasn’t a good day. She had uncovered a stack of product that was past its best and I arrived just in time to see her pouring the ultra-expensive-very-special-preservative-free face gunk away.

It turns out that sometime ago she had stocked up on the product (when it was the face cream of the day-spa set) and had sourced herself a very decent volume-discount in the process.

So what’s the nibble?

As a Kitchen Table Tycoon it’s easy to get seduced by the bulk discount for the popular product but it’s often better just to make do with buying a little less and paying a little more.

It’s one thing to have to tip eight mini tubs of sugar encrusted dairy produce down the plughole. It’s quite another to send your profits down there.

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