How Does a Consignment Business Owner Spend a Workday?
What are Consignment Shops? Consignment businesses are usually small quaint shops that sell items that have not yet been paid for–the supplier is only paid when a sale has been made. There are also large consignment shops, which are usually set up in the form of eBay drop-off stores and other online businesses. A consignment shop owner doesn’t just sit at the register and ring up sales or sit in the back room and count money. He has a variety of duties. Take Care of Money Issues The most important daily activity that consignment business owners must take care of is financial in nature. Consignment shop owners have to be well versed on bookkeeping responsibilities. Bills must be paid on time and in full. Since consignment owners get their products from suppliers with no upfront cost, they constantly need to stay on top of their books. When products are sold, consignment shop owners are responsible for calling the suppliers to give them their portion of the sale. If the owners do not ta
