Jewelry acquisition is by definition “cash flow-sensitive”. A lot of money can go into critical acquisitions, and getting the best value for money is absolutely crucial. You may be surprised to learn that even leading jewelry companies watch their acquisitions budgets very closely.
The process of turning money into jewelry and back into money is anything but simple. It’s tricky and time-consuming. Even bread-and-butter basic transactions incur costs over time. Turnover time matters, a lot.
This is cost management, in the most brutal, unequivocal business sense. Many jewelry start-ups in particular find themselves short of cash due to excessive spending on acquisition. It’s a dangerous situation for any business, to be avoided at all costs, pun intended.
Acquisition essentials
Strict best practice for jewelry acquisition is pretty simple in theory:
• Minimize…
