 Hey guys, this is Matt Beck from freeselanaeducation.com and I'm here with another business tip This is our second one of the week. So just keep following us on these tips I want to keep doing about three a week. So hopefully you guys will enjoy them. We have inventory control That's what this video is all about and I want to tell you a quick story And if you're a salon owner out there, maybe you don't know that this stuff happens But things happen and people steal and people do whatever not everyone is honest. So also not only are people sometimes not honest, but Sometimes we're using more product than we should and this is something that in computer software that runs our salon Sometimes we don't track those things. So you really need to track your inventory Make sure you have that under control. Make sure your product usage is under control so your business is running smooth and flowing So let's look at inventory control. I when I first started working in my very first salon I was new to an area. I didn't know too many people and one thing that really hit me and kind of I've kept with me this whole entire time is I Ended up over at one of the stylists that I worked with Their house and they were they had just quit the salon and they weren't gonna be there anymore And the funny thing is is that they? They said, you know, do you need any product and I'm like, well, what do you mean? They're like, well, I quit so I'm gonna go, you know, I don't need all of this I've got a lot of it So they open up a duffel bag and the duffel bag was full of products brand new hair products from the salon and You know, it was one of those cases where the salon owner was not watching the inventory and you know one bottle at a time It was disappearing off the shelf and and if we're not keeping track of it, you're not gonna know what's happening So as a salon owner, you need to Not be crazy. Don't put in surveillance cameras everywhere all the time It's not it's not a crazy thing But we have to be better at tracking everything and keeping you know Just keeping close to everything in your business because you need to be there You need to be aware of everything that's going on And if you don't know that one bottle at a time is disappearing from your salon or one tube of color or whatever Then you don't have a handle on your business. So make sure I like a product the one of my favorite reports from millennium software is the CS005 product usage report There's a ton of inventory product usage reports But the first thing that you need to do is make sure that you get your products into the computer They should all be in there and all categorized and everything and get that working through This is something that it's a nightmare for me as well. You got to do it though It's part of business and what it's all about and sometimes after you start doing it for a while It actually becomes kind of fun get your team involved figure out But come up with a system that helps keep your inventory under control and make sure that you don't end up with it In a duffel bag somewhere and not in your salon making you money So I hope that this business tip helps you guys make sure if you don't have a way to track your your salon Check out my friends at Millennium Systems International. They'll hook you up It's not that much money a month and I guarantee the money that you lose not having it is you know It's worth it to have it. Let's put it that way This is Matt Beck from freesaloneducation.com with a business tip. Hopefully you guys enjoy this Tell me how you guys are keep a track of your inventory post it in the comments below. I love to hear I like to keep the conversation going. I think these are things that as salon owners We don't have a lot of places where we can talk about these things So make sure that you post the comments below. Tell me what you're doing makes you successful And we'd love to learn from that as well. So we'll see you on the next video guys. Thank you