Friday, November 21, 2008

"Retailers: Turn on Your Financial Headlights!"™                                                                            ROI Site Tour

Quizzes & Challenges

Compare Your Store
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See benchmarks - and five year trend charts! - for the six key ratios every retailer must monitor. See how your store compares.


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Why Join The ROI ?
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R-E-S-P-E-C-T
I'm tired of my banker - or my accountant! - intimidating me.


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Total Access: Members-Only Collection

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On-demand, 24/7, whenever you need it. 
All for just $24.95 per month.

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How-To Articles for Retailers from The ROI
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What Is YOUR Retail Business I.Q.?

   What’s the difference between smart owners and lucky owners? Smart owners learn to use financial management tools to reach their goals. They use a current financial statement, a balance sheet, sales projections, inventory management and a cash flow statement to monitor and guide their daily decisions.  
   Take The ROI's Retail Business I.Q. test.  See where you could shore up your business knowledge.  Then, drive success in your retail operation without depending on luck! read more ...


The Members-Only Collection
MORE Tools & Resources in the Members-Only Collection
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Learn Basic Retail FinanceYour Bookkeeper Quit?

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

Training

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."

  • Learn how the income statement and balance sheet must work together.
  • Learn how to do inventory buying plans (Open-to-Buys) at either cost or retail.
  • Learn how to do a retail cash flow, one that reflects your buying plan.

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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Help Your Retailers - Partner
Relevant Books for Retailers
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You Can Compete: Double Sales Without...

You Can Compete: Double Sales Without Discounting (Second Edition)

List Price
$24.95

Our Price
$17.99

Customer Service: Aiming for Excellence

Customer Service: Aiming for Excellence

List Price
$17.75

Our Price
$10.45

LP For HR The Loss Prevention Guide...

LP For HR   The Loss Prevention Guide For Human Resources Professionals

List Price
$24.99

Our Price
$2.56

Retail Business Insights
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Cash Discounts
The tenth of each month, for most retailers, is a critical "payables day". Do not miss taking cash discounts, i.e., 2/10/EOM. Consider this: when a payable due on the 10th of the month is not paid until the 30th, it loses the 2/10/EOM cash discount, and "costs" the equivalent of a 36% annual interest rate. (The 20 days taken is 1/18th of a 360 day year, times 2%, equals 36% equivalent interest.) That's why bank loans are relatively cheap.


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