Inventory Control If you sell merchandise, you should have a system in place to monitor it.

An adequate stock-control system will tell you how muchmerchandise you have on hand, what is on order, when it will arriveand what has been sold. This kind of system allows you to planpurchases and manufacturing intelligently, and you will quicklyrecognize fast-selling and slow-moving items.

Excerpted from Starting a Home-based Business

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business Solutions

Discover How AI Can Transform the Way You Work With This $20 E-Degree

Learn how to make AI work for you with the ChatGPT and Automation E-Degree, now for just $20.

Business News

Investment Firm CEO Tells Thousands in Conference Audience That 60% of Them Will Be 'Looking for Work' Next Year

There were over 5,500 people at SuperReturn International 2025, making it the largest private equity event in the world.

Business News

Here Are the 10 Highest-Paying Jobs For New Graduates With a Bachelor's Degree — and They All Start at Six Figures

According to a new report from Resume Genius, finding a high-paying job as a new grad is possible, even in this market.

Side Hustle

After a 12-Year-Old's Side Hustle Made Over $4,000 in 1 Day, He and His Dad Grew the Business to Nearly $50,000 a Month: 'It Takes Commitment'

Madden Forrest and his father, Steven, turned their passion for football into a lucrative business.

Business News

10 Surprising and Inspiring Quotes From Brian Wilson, the Genius Behind The Beach Boys' 'Pet Sounds'

The Beach Boys' Brian Wilson died this week at age 82, but his music is still blowing minds.