Sunday, March 21, 2010

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

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


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       Self-Paced Seminar - Retail Financial Basics

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Retail Management   »   Be a Better Owner    
Be a Better Owner
Be a Better Owner
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.


Opening a store?
Adding stores?
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Opening a store?
Adding stores?
Go to RetailStartup.com
RetailStartup.com

 

New! Online now!
The ROI's Webinar
The Indispensable Owner's Dashboard

New! Online now!
The ROI's Webinar
The Indispensable Owner's Dashboard

Why Join The ROI ?
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By retailers. For retailers.
You folks know retailing. We're not just another "small business".


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Accelerate the Recovery for Your Retail Operation

Focus on Restoring Financial Strength 

Then, use The ROI's Owner's Dashboard Trend Form to track your progress. It's a simple - yet powerful! - three-step process:

Step 1: Enter LY results for five key ratios

Step 2: Enter This Year's Targets

Step 3: Each month (no later than the 10th of the month!) enter YTD results

Immediately see whether - and if so, where - you need to make adjustments now to achieve the results you want. "Lead time" is one of your most valuable assets.  Use our Owner's Dashboard Trend Form  to put time on your side.

(Need more info on these ratios, how to calculate them, and what they mean?  See the Financial Tools & Tips section here at The ROI.  And, view this online webcast from The ROI Co-Founders for more about the Owner's Dashboard.)

Click here to download and printout your own master copy of the Owner's Dashboard Trend Form

Accelerate the Recovery for Your Retail Operation

Focus on Restoring Financial Strength 

Then, use The ROI's Owner's Dashboard Trend Form to track your progress. It's a simple - yet powerful! - three-step process:

Step 1: Enter LY results for five key ratios

Step 2: Enter This Year's Targets

Step 3: Each month (no later than the 10th of the month!) enter YTD results

Immediately see whether - and if so, where - you need to make adjustments now to achieve the results you want. "Lead time" is one of your most valuable assets.  Use our Owner's Dashboard Trend Form  to put time on your side.

(Need more info on these ratios, how to calculate them, and what they mean?  See the Financial Tools & Tips section here at The ROI.  And, view this online webcast from The ROI Co-Founders for more about the Owner's Dashboard.)

Click here to download and printout your own master copy of the Owner's Dashboard Trend Form
How-To Articles for Retailers from The ROI
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Now, Stress Management for Retailers

People decide to open their own retail business for a variety of reasons:

  • The chance to control their financial situation by their own efforts and expertise.
  • The sense of freedom and self-respect that comes from charting their own course.
  • The opportunity to do satisfying work.
  • The ability to structure their own time.
  • A chance to interact and communicate with people.

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 ...

Retail Owners: Where's YOUR Job Description?

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 ...

Now, Stress Management for Retailers

People decide to open their own retail business for a variety of reasons:

  • The chance to control their financial situation by their own efforts and expertise.
  • The sense of freedom and self-respect that comes from charting their own course.
  • The opportunity to do satisfying work.
  • The ability to structure their own time.
  • A chance to interact and communicate with people.

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 ...

Retail Owners: Where's YOUR Job Description?

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 ...

The Members-Only Collection

The Members-Only Collection
Expand? Or Should You?

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 ...

Putting a Price Tag on Your Retail Business

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 ...

How To Sell Your Store

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 ...

Expand? Or Should You?

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 ...

Putting a Price Tag on Your Retail Business

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 ...

How To Sell Your Store

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 ...
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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Retail Business Insights
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Never Thought About It Like That
Aren't there four wheels under your car? Well, in a similar fashion, there are four integrated "wheels" under every retail business. The P&L, the Balance Sheet, the Open-to-Buy for inventory, and the Cash Flow.
Each is separate and distinct, but like the wheels of your car, if there is a problem with just one of them, you're in for a rough ride!
Find Out More

 

Retail Owners...
Need a New Strategy?
Customized  • Timely • Objective
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Retail Owners...
Need a New Strategy?
Customized  • Timely • Objective
(more info...)
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