Monday, October 06, 2008

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

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

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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By retailers. For retailers.
You folks know retailing. We're not just another "small business".


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Relevant Books for Retailers
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The Wal-Mart Effect: How the World's Most...

The Wal-Mart Effect: How the World's Most Powerful Company Really Works--and How It's Transforming the American Economy

List Price
$25.95

Our Price
$6.79

 

Silent Selling: Best Practices And Effective...

Silent Selling: Best Practices And Effective Strategies In Visual Merchandising

List Price
$78.00

Our Price
$60.00

 

What I Learned From Sam Walton: How to...

What I Learned From Sam Walton: How to Compete and Thrive in a Wal-Mart World

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$14.95

Our Price
$8.15

 

How-To Articles for Retailers from The ROI
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This "New Normal" Needs a New Nine Step Approach

"If we can just hang on until things get back to normal."  Have you heard business people say that?  We have heard it a lot, and our response is always the same: "Don't wait anymore.  Things won't 'get back to normal.'  This is 'the new normal'!" 
What do we mean by "the new normal"?  We mean that there is a new set of rules and expectations. For retailers to survive, they must develop new ways of managing and directing their businesses.  For that, The ROI introduces a new and timely tool: "The Nine Stepper". read more ...

Should We Open That Next Store?

There's no one right answer, of course.  But here's a step-by-step process you can use for ALL of your strategic decisions.

Sound, solid management decision-making is a skill you can learn, practice and apply. read more ...

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."
 read more ...

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 Members-Only Collection
From the Members-Only Collection for Retailers
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"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. read more ...

Steering Your Retail Business to Success

Do 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. 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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Help Your Retailers - Partner
Retail Business Insights
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It Shouldn't Even Cost Extra
Insist that your accountant or bookkeeper add a small step when preparing your Balance Sheet. On the same page, have them post - for this year and last - your Current Ratio, Debt-to-Worth Ratio, ROA, Gross Margin %, and annual Turnover.
Now, you'll be able to really use your Balance Sheet as a management tool.



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