Tuesday, May 13, 2008

Don't Worry...It's Only the Future!

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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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How-To Articles for Retailers from The ROI
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The Retail Strata:G® Business Wheel: Cause-Effect, Cause-Effect, Cause-Effect

Strategically analyze, plan and refocus your store—not on merchandise or price, but on customers! The ROI's Retail Strata:G® Business Wheel merges strategic marketing with strategic financial planning. By focusing on the customer who is most profitable for your business, you can more effectively make decisions about what financial changes can and should be made to maximize results and minimize risk.
Powerful, unique, and by retailers, for retailers. Get started today. "It's only the future."
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Track Your Store's "Vital Signs"

Heart rate, blood pressure, breathing, body temperature—these are vital signs which give a quick assessment of a person’s health. Retail businesses have vital signs, too, which owners must carefully measure, monitor, and manage. Here's how to track the essential key ratios - or vital signs - of your store. Learn how to calculate each one in "retail time" - 12 seconds or less! read more ...


The ROI's Free Online Calculators for Retailers
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Members-Only Collection

Retailers - Turn on Your Financial Headlights!

Have you ever tried to drive a car at night – without headlights? Of course not!  Even though the car works fine – and goes fast! – as the driver you want to see what turns and twists the road is taking, or what dangers you must avoid.  But many retailers are driving their businesses through some dark economic times with their business headlights off. Just like the driver without headlights, without being able to see ahead, they cannot make appropriate adjustments.

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Steering Your Retail Business to Success

AudioDo you know where your business will be in five years? How about three years?  Do you know where it will be next week?  Of course, you can’t know with any certainty where your business will be at any time in the future. But you can know where you want it to be. And if you work at it, you can exert a lot greater control over your business’ future than you might think.

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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."



Manage inventory
Retail Business Insights
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A Retail Truism
There's a correlation between undisciplined buying, profits, and a cash crisis.
You can manage your buying plan for yourself. It's basically a four-part formula. And it's driven by the inventory turnover you want to achieve.
Wonder what your targeted turn rate "should" be? It varies by type of retailer. Go to your Retail Segment here at The ROI for "benchmark numbers" for stores like yours.



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