Question
I want to run a high end camping gear rental business but I'm not sure what items will prove popular and in demand and how many SKUs to purchase. Would it be possible to work a deal with camping/outdoor gear companies to rent out their items through our site to test demand?
If this is possible, how do I go about it and what's in it for the brands?
Answer
It is not that hard to get past it. First, determines COGS. Once that is done calculate your ending inventory balance and the amount of new inventory purchased, then, add the ending inventory and cost of goods sold. To calculate the beginning inventory from the amount of inventory purchased.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
