Tuesday, May 13, 2008
Key Issues   »   Controlling Cash    

Controlling Cash...Finally!
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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.


"Yes, I want to become a Member of The ROI Because..."
It's not rocket science, after all!
We pay a lot of money for bookkeeping and/or a CPA, but they never actually teach me or explain the numbers.
No miracles on the horizon
I've found that buying Lotto tickets and lots of extra praying still hasn't seemed to improve our cash flow.
Next Steps
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Do Your Own Cash Flow Plan - NOW!
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Renegotiating with Your Bank? Use our Cash Flow Calculator!

Cash Flow CalculatorWhether or not the looming recession is making you nervous, it surely is having that effect on your banker!  Don't be surprised if you get a call asking to renegotiate your line.  No matter how much you want to borrow, the big question from the bank is this: When will you be able to repay the loan? 

Use The ROI's free, online Cash Flow Calculator.  Play "What if...?"  Work out a plan you're comfortable with, and arm yourself with the facts that matter.
How-To Articles for Retailers from The ROI
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The Top Five Killers of Retail Businesses

People who get their understanding about retailing from the popular press or from political rhetoric often believe that declining sales – "Comp store sales are down"  – is the death knell of retailing.  Surely you, as a retail owner, know differently!  (You do, don't you?!)  In reverse order, here are the Top Five principal killers of retail businesses.  We will examine each of them.  While they all need the respect of you, the owner or CEO, your highest priority always must be the #1 slayer.  And it just might surprise you to learn what it is. read more ...
Retailers - Have Cash When You Need It
What is the secret to effective cash flow planning for retail businesses? Understanding the time lag between sales and cash. You may be fulfilling your sales plan, but still be getting caught in a cash flow crunch.  The principal benefit of good cash flow planning is that it helps you run your business on your own money—and avoid using as much short-term borrowing, reducing the finance charges that can eat into your profits. read more ...


Members-Only Collection

Coping with a Cash Crunch in Your Store
AudioCash is the lifeblood of every retail business. Without cash for inventory, payroll and other expenses, an emergency is imminent. Even a profitable business can experience not having enough cash at the wrong moment. One moment cash is flowing, the next moment it is dripping. Drip. Drip.  It’s an emergency when the cash flow stops and paralyzes your store. But if you still believe in the long-term viability of your business and are willing to work toward its success, put these six steps into action immediately. They are the foundation for avoiding future cash crunches. read more ...
More Tools & Resources in the Members-Only Collection
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Learn Basic Retail FinanceYour Bookkeeper Quit?

TrainingNow. Learn Basic Retail Finance. At your own pace. 24/7.

The ROI's Short Course on the Basics of Retail Finance is an interactive, self-paced course. By retailers, for retailers. 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: The I. M. Surviving(?!) Company."All you need is a little desire."
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What Do People Say About The ROI's Short Course?

Store Manager, Office Supplies:
"I found a lot of interesting and useful information in it for a person who runs a business.  Lots of additional knowledge they easily can get from it."
Owner/President, Outdoor Power Equipment Store
This is extremely helpful and worthwhile."
College Student
"It's fantastic."
Service Manager, Motorcycle Dealer
"It makes you think."
Sales Training Director, Convenience Stores
"Concise and to the point; very good for the folks I work with."
Internal Auditor-Inventory, Tractor Manufacturer
"This would give much benefit to our organization."
Owner/President, Apparel & Accessories Store
"Well done.  Easy to understand."


Finan Freedom
Retail Business Insights
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Look Ahead!
You wouldn't drive at night with your headlights out. But that may be the way you're driving your store.
"Turn on your financial headights!!"


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