Dr. Jeff Cornwall is the inaugural Jack C. Massey Chair in Entrepreneurship at Belmont University in Nashville, Tenn. Dr. Cornwall's current research and teaching interests include entrepreneurial finance and entrepreneurial ethics.

Dr. Jeff Cornwall is the inaugural Jack C. Massey Chair in Entrepreneurship at Belmont University in Nashville, Tenn. Dr. Cornwall's current research and teaching interests include entrepreneurial finance and entrepreneurial ethics.

Beware of building up inventory

I have been getting more and more calls from folks thinking about opening up a retail business. This is typical as an economy begins to recover. Probably the single biggest risk, especially in the days of big box stores like Best Buy and Wal-Mart, is poorly manged inventory and pricing. We offer this classic article from the archives of INC magazine to any of you who are thinking about or acting on a plan to go into retail or are expanding your current retail operation.