"Retailers: Turn on Your Financial Headlights!"™ Quick Tour
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People decide to open their own retail business for a variety of reasons:
These reasons also happen to be the five biggest producers of stress! While each reason can be satisfying, it can also be stressful. read more ...
What is the most overlooked and under-performed job in retailing today? Being the Owner! Owners have responsibilities that are separate and distinct from any other job in retailing.
In fact, failures in retailing today aren't caused by weak management or CEOs. Most retail failures are traceable to weak Owners neglecting or over-looking their Owner-Only Responsibilities. read more ...
Financially, how should you manage growth? By advance planning. First, consider the four basic elements of expansion: sales, gross profit, operating expenses and cash flow. Then project your balance sheet to locate any financial gap. read more ...
The value of any business is not just the sum of numbers drawn from the financial statement. The value can vary dramatically, depending on the valuation method used and business and economic conditions. The basics of evaluating the worth of a retail business are not complex. The difficulty is in knowing how to apply them to your own unique situation. read more ...
You’ve finally decided to reap the rewards of all the time you spent building your successful retail business. You’ve determined it’s time to sell. To make certain your reward is adequate, consider these tips as you go through the selling process. read more ...
Now. Learn Basic Retail Finance. At your own pace. 24/7.
Profits & Debt Management - Financial Statements - P&L's - Balance Sheets - Inventory Management (@Cost or @Retail) - Turnover - Buying Plan Budgets - GMROI - Cash Flow - pro formas - Ratio Analysis - Integrated Retail Financial Plans
The ROI's Online Seminar on Retail Finance Basics is an interactive, self-paced course. By retailers, for retailers. "All it takes is a little desire."
Includes interactive content, self-quizzes, printable worksheets, extra how-to articles by retail experts, and a special case study featuring Helen and Irving Surviving of The I. M. Surviving(?!) Company.
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No retailer really wants to pay for bookkeeping or accounting. But it's necessary for two reasons: (1) to accurately satisfy the I.R.S.; (2) to accurately show where the business has been and where it is now. This second reason is essential for what REALLY matters: doing better in the future! The ROI has developed The Screening Test for Retail Bookkeepers. As an ROI Member you may download a free copy of that test to use as you interview prospective bookkeepers. For more information, see The ROI's Bookkeeping Articles.