Tuesday, January 06, 2009

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

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.



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Why Join The ROI ?
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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.


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Relevant Books for Retailers
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EZ Cashflow: Cash Software Management...

EZ Cashflow: Cash Software Management for Independent Retailers

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$28.95

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$28.95

 

How to Manage Cash Flow in Your Retail...

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$12.95

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Improving cash flow with computers. (In...

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$5.95

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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 ...


The Members-Only Collection
From the Members-Only Collection for Retailers
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Coping With a Cash Crunch In Your Store

Cash 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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 Your Bookkeeper Quit?

Learn Basic Retail Finance

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.




 



Help Your Retailers - Partner
Retail Business Insights
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What Is "Value" in This Economy?
Value: Benefits received for the burdens endured.
Think about cost-saving programs in stores - e.g., less staff on the floor and more "self service"; self check-out by the customer; online searches by the customer for product information; online shopping. Aren't these really shifting the work to the customer? And what benefit does your shopper receive for the increased burdens they now endure?
How to deliver more “value” to your customers? Start by “unburdening” them!



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