What are the OWNER-ONLY responsibilities?
SURVIVAL of the business
Define COMPETITIVE EDGE
ASSET Management (Yes, all three kinds of assets!)
see more in The HUB and the "What COULD we do?" Owners Resource Collection.
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Is there a cash crunch in your near future?
Here is a fast, simple, and extremely telling measure of a retailer's financial viability!
Quick • Verifiable • Sophisticated • Uniquely Retail
Is your GMROI lower than average for your segment?
That suggests you may be in a cash flow crunch.
You likely need short term working capital.
Your GMROI is higher than the average performer for your retail segment?
Congratulations! That means you have choices!
For growth, and, for financing!
Take this online quick quiz for retailers. Just ten questions. All online, all at your own pace.
Just click the GO button, and you're on your way!
Test yourself as often as you wish. Immediate feedback, too, of how well you did. Get your overall score, and can review each question, see your answer, and the correct answer.
Ready to manage the lifeblood of your business?
Take the quiz!
from The Library for Owners
Specifically for Retail Situations | Practical, Proven, Timeless | Used and Loved by Thousands of Retailers
Cash Flow Planning: How It Pencils Out!
A cash flow plan will help you anticipate how sales and expenses will affect your cash flow for the next six months to a year.
Once you know that, you can start now to make any needed adjustments.
In this practical and explanatory article, first you will see how to do a cash flow with a pencil.
Then, take advantage of The ROI's SPEEDY Headlights Cash Flow Forecaster to auto-magically play "what if...?" as you compare adjustments.
read full article here
Coping with a Cash Crunch
6 Steps to Get Your Business on Sound Financial Footing
Without cash for inventory, payroll and other expenses, an emergency is upon you.
Even a profitable business can experience not having enough cash at some point.
One moment cash is flowing, the next moment it is barely dripping. Drip. Drip.
Once you can breathe more freely (and the cash flow has increased a bit) use them to take a more comprehensive look at your business.
The Top 5 Killers of Retail Businesses
(Hint: Declning sales is NOT one of them!)
We identify and examine each of the Top Five Killers of Retail Businesses.
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.
(Here's another hint of what it's not: over one-third of the retail businesses that fail each year are actually "profitable".)
Since 1999, empowering retailers and store owners to "Turn on your financial headlights!"