HOUSTON – A few years ago, Debra Myers would only estimate how much soap and scented oil she had on hand at her bath and body business.
But in a class at Houston Community College, funded through a private grant, she learned how knowing her inventory exactly could mean the difference between a profit and a loss. She took a detailed inventory and learned she had twice as much fragrance on hand as she needed, unnecessarily tying up some $2,500 in capital.
“The program really should be mandatory for every business owner,” Myers said.
Myers, owner of Enfusia, which makes all-natural bath and body products, graduated from the Goldman Sachs 10,000 Small Businesses program, which aims to increase jobs by teaching entrepreneurs how to expand their small businesses.