"Retailers: Turn on Your Financial Headlights!"™ Quick Tour
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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 ...
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 ...
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 ...
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 ...
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 ...
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
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."
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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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. For more information, see The ROI's Bookkeeping Articles.