- How Many Eggs Would Your Buyer Buy?!
- Tomorrow's (!) TOPICAL TUESDAYS Webinar: "This Year, I'm Doing My Buying Budgets BEFORE I Go to Market!"
- Endorsement of The ROI's Online Courses
- Free for ROI Members: Private Q&A Session
Okay, You're the Buyer:
How Many Would You Buy??
You have been sent to the store by your spouse to buy eggs for a weekend "omelette party" brunch you are hosting.
Here is what you know when you leave for the store:
- Four guests will be coming, so there will be a total of six people for omelettes.
- You know that each omelette takes 3 eggs.
- There presently are 3 eggs in the refrigerator.
- Oh, and you were sent to the health food store, where you can buy the eggs by the each, not the dozen.
(Every buyer has been in this situation: "I know how much I have on hand. I have an idea of what sales will be. How many do I buy??")
Off you go: 6 people, 3 eggs per omelette, that's 18 eggs. And, you already have 3 eggs at home. How many eggs do you buy??
If you - or your buyer - says, "Buy 15 eggs!", go here. Sign up immediately for tomorrow's TOPICAL TUESDAYS Webinar!
TOPICAL TUESDAYS Webinars
Tomorrow, January 31 • 10 a.m. Pacific/1 p.m. Eastern Time
"This Year, I'm Doing My Buying Budgets BEFORE I Go to Market!"
Reserve your spot now
This lively, interactive and free webinar with Pat Johnson & Dick Outcalt, Co-Founders of The Retail Owners Institute, will cover the "Why?" and "How?" of doing your own Open-to-Buy plans.
It will highlight the essential 4th part of the 4-part formula. And, it will show you an online tool that empowers you to do buying plans whenever you need them, all on your own. Powerful stuff!
Hear why Pat & Dick say, "Budget your inventory buys…or get out of retailing!" It's the #1 responsibility of the owners!
There will be plenty of time for Q&A, so bring your questions and concerns. (And, your buyers!)
As always, The ROI's TOPICAL TUESDAYS webinars are FREE. You just have to reserve your spot in advance. Sign up here!
Upcoming Webinars. All at 10 a.m. Pacific Time/1 p.m. Eastern Time
February 7:
The "Nine-Stepper": Projecting a Retail Balance Sheet (Powerful!)
February 14:
Cause-Effect, Cause-Effect: The Strata:G® Business Wheel
February 21:
Is It Better Advertising You Need…or a Better Marketing Plan? (Hint: They're not the same!)
February 28:
Know Your Business's "Vital Signs" - in 12 Seconds or Less
March 6:
Do-It-Yourself! (In just minutes!) Multi-Department Open-to-Buys
These are free, but you do have to sign up in advance. Just check the home page of The ROI for details.
eLearning Pros Endorse The ROI's Online Courses
How Do Your Buyers and Managers Get Training?
The Retail Owners Institute is dedicated to bringing professionalism to many more retail dealers, retailers, franchisees, and all their trainers and influencers. To accelerate that effort, we have developed unique online training "Kits" - courses-plus-calculators - that are being received with great enthusiasm. click here for more info
Now, see this blog post from Open Sesame, an international leader in online business training: "Meet the Retail Owners Institute: eLearning for the Retail Professional"
https://www.opensesame.com/blog/meet-retail-owners-institute-elearning-retail-professional
Open Sesame is behind The ROI's "Kits" 100%, as you can see in their blog.
Basic financial training for people is retail management is not just needed, it should be mandated! And as Open Sesame says, "the eLearning courses from The Retail Owners Institute meet this need with humor and creative instruction."
"Each ROI course is more than just a course - it's a kit that includes not only content and interactive scenarios but excellent executive calculators that provide on-going resources to learners." click here • go to entire Open Sesame blog post
How ARE your managers and buyers being trained in financial management?
Take advantage of The ROI's unique online training courses in retail financial management. Grow the business understanding and expertise of your staff. Get everyone "on the same page" about the essential cause-effect financial drivers of your business.
Some call it "connecting the dots." We call it, "Now, everyone 'gets it'!" Click here for details
New! FREE for ROI Members!
Private and Confidential Q&A Session with the Co-Founders
If you have attended any of the TOPICAL TUESDAYS webinars, you already have experienced the interactive give-and-take with Pat Johnson and Dick Outcalt, Co-Founders of The ROI and principals, Outcalt & Johnson: Retail Strategists, LLC.
Now, The ROI is offering yet another benefit that is FREE to ROI Members: a private, confidential 30-minute Q&A session with Pat and Dick. This is your chance to get objective, professional feedback for your retail financial questions and concerns. Or, find out more about how to better use The ROI's resources in your operation.
Pat Johnson and Dick Outcalt are recognized experts in strategic retailing, including turnarounds. Known as "coaches to retailers", and working only as a team, Pat and Dick bring experience and judgment to demanding retail situations. They focus exclusively on retail, or wherever retail is involved. They work with CEOs, CFOs, boards and owners of retail operations, as well as manufacturers or wholesalers expanding into retail. (For more info about them, see www.OutcaltJohnson.com.)
Go here for more information about this new benefit, exclusively for ROI Members.
Retail Business Insights from The ROI
Telling Signs to Monitor
Every retailer keeps track of sales - daily, weekly, and monthly. But the pros also keep track of transactions for the same time periods! Therefore, when sales go up or go down, the pros know why. Change in the number of transactions? Or change in the size of each transaction? Then, the next steps become more obvious.
The Retail Owners Institute® - www.RetailOwner.com - is an online, round-the-clock, 24/7 business training resource for independent retailers. It offers extensive, practical self-help financial how-to articles and other resources for controlling inventory, cash flow, margins, markdowns, turnover, and more. All FREE for ROI Members. Including online Executive Calculators for retailers. Visit The Institute today. By retailers, for retailers. Available nowhere else.
And...Special Purpose Portals The ROI's eLearning Portal and the Open-to-Buy Center are "child portals" of The ROI site. Each portal is a separate website, with a specific special purpose, and must be accessed at its own web address (URL).
Programs for Organizations The ROI has several programs available for organizations that serve retailers. Get more info here, or call 1.800.499.7531 for details. If you are dependent on independent retailers, this is for you!
Need to contact The ROI? Call us toll free at 800.499.7531. Or, use the Contact Us form on The ROI site to email us.