Without a disciplined inventory process, you might as well be throwing money out the window.
That's the message serial entrepreneur and host of CNBC's "The Profit" Marcus Lemonis gave to struggling business owner Patrick DiLascia on Tuesday's episode.
DiLascia launched his eponymous Los Angeles clothing brand, which specializes in graphic T-shirts, several years ago. Over time, he designed and printed hundreds of shirts without testing the market. Soon, unsold shirts started piling up, which Lemonis derided as "reckless."
"To say his process is broken is an understatement," Lemonis said on the show. "It is a disaster."
With a $207,000 shortfall, DiLascia had become insolvent.