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Marijuana Club Startup Guide

Cash and Inventory Management

 

You wil need a cash and inventory management system. Your business will be receiving large amounts of cash and you will have an inventory that doesn't come with bar codes so it isn't exactly easy to keep accurate track of how much you have. Unfortunately, all that cash and non-bar-coded products give employees excellent opportunities to increase their own salaries by taking some out the back door. With some clubs there have apparently been huge problems with what is politely called "inventory shrinkage". In some cases, the owners were doing such a huge business that they didn't think it was worth their time to put in better controls. If you are just starting out, however, you probably won't have that luxury.

Part of the solution is to have specific opening and closing routines for the business that define how the cash and inventory is to be counted when the business is opened and closed every day.

Another part of the solution is good accounting. You can start with something as simple as Quickbooks, or any other cheap computer accounting program.

No matter how good your system is, it won't work unless you pay diligent attention to it. Even if you have managers, you should carefully check all the records yourself on a daily basis.

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