As I write this post, my mind is in many places. The teacher in me should be working on my curriculum, while the junker in me knows there is a surmounting pile of junk needing my attention. My mom is in me has a toddler cuddled on my lap, while my husband and son are wrestling on on the bed. Chaos seems to be the norm. Many of you can probably relate. Needless to say, I wear many hats as I begin to try to manage all of it.
Although I’m bouncing between these many roles, a common theme exists: INVENTORY.
An item on my 2016 “list” is to organize the Junk By Jenny inventory. Recently, during one of the sub zero bone-chilling evenings, I thought it would be wise to begin this process. Brrrr, what was I thinking? Instead, I just paid a visit to my junk and quickly skedaddled, but not without taking a few photos to remind myself of this to-do list item.
In my first-ever small business appointment with my accountant, we spent a majority of our time discussing inventory. The accountant was pleased to see my business beginning to take off, agreeing that my inventory differs from most merchandising stores. I am ready for the homework he assigned of finding an inventory system that makes sense and works for me.
Time to take off the junker hat and switch to the teacher hat.
I have the privilege to teach a college accounting course as part of my high school business curriculum. I was so excited to relay the information my own accountant and I discussed since we have been deep into learning the accounting that goes into managing and truly understanding the cost of inventory, both sold and still here. Next on my evening to-do list is writing Friday’s college exam. As I review the accounting chapter, I can’t help but pause to ask myself which cost flow assumption I use with that giant pile of fabulousness (my junk inventory) out in my parents barn.
Still thinking on that one….
One thing is for certain: INVENTORY is a huge player in the success of a merchandising business. The college accounting teacher in me knows that and now it is time for the junker in me to truly embrace that as well.
PS – The mom in me knows my little blonde inventory lovelies are now tucked cozy in their beds and the house is quiet.