"Retailers: Turn on Your Financial Headlights!"™ Quick Tour
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How many times a month does someone ask you—even in the most casual of ways—how your store is doing? And how many times does the answer depend almost entirely on the kind of day you’ve had when the question gets asked? You can get a definitive (and non-emotional) financial assessment of your retail business in relation to others in your retail segment once you know how to use the numbers on your balance sheet. read more ...
The scenario is a familiar one: Your current lease is about to expire and either your landlord or your current location is forcing you to make a major move. You consider your options. How do you know which site is the best one for your store? read more ...
How much of a return are you getting on the money you've invested in your retail operation? Is your business paying off better than other investments you might make with the same money? Or would you be better off, from a financial standpoint, working for someone else and turning your investment capital over to a financial manager? read more ...
How do you decide whether or not to spend a lot of money in your store? Not on the kind of things that translate easily into profits, such as inventory, but on other things necessary to your business such as new registers, a computer, a delivery vehicle? The immediate benefits are clear, but how do you measure the financial advisability of making that purchase—or when to make it? 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.