Who doesn’t love coming in after hours and counting all the stuff on the shelf?
Unfortunately, most people who own businesses hate doing inventory.
It’s so distasteful that an entire industry has sprung up to do it for people.. these businesses are populated mostly by moles and other nocturnal creatures since inventory counting is mostly done overnight.
Of course, if a small business owner wants to avoid the effort and cost of counting inventory, they can just make up the numbers. And many do just that!
Then there are the other, more treacherous reasons for making up inventory figures.
So what does this mean for someone trying to buy a business? What hazard does poor inventory counting create to the investigative small business buyer?