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Understanding these cause-effect connections makes managing them far more effective. Knowledge IS power!
Then you will be better prepared to take full advantage of the "What if...?" power of The ROI's projecting calculators.
Find and focus on your best, most profitable customers!
Then use the online PROFITS Forecaster.
Easy and fast to prepare your own budgets and profit plans.
Steps 1 through 3 should take about 90 minutes or so for you to Know It NOW!
The Remarkable Retail STRATA:G® Wheel is a more advanced concept for you to explore when you're ready.
Here's what's included in the BUDGETING Know It NOW! Bundle.
ROI Members get unlimited access - free! Go to Know It NOW! Bundles
Not a Member? Go here to SUBSCRIBE now! Get immediate access.
Know how much inventory - maximum - to bring in, and when, to reach your targets for sales, margins and turns.
Buy with more confidence.
Control your inventory like the pros do!
Steps 1 through 5 should take about 90 minutes or so for you to Know It NOW!
Here's what's included in the BUYER'S Know It NOW! Bundle.
Find out whether you need to borrow. If so, how much and when?
Those answers are found in your cash flow plan.
Once you have that - and can show when you can repay a loan - you have a plan you can "take to the bank!"
Steps 1 through 5 should take less than two hours for you to Know It NOW!
Here's what's included in the BORROWING Know It NOW! Bundle.
For that, you need to know the cause-effect connections among "the basics."
• Things like the link between the P&L and the Balance Sheet.
• How changes in inventory turns can affect cash flow.
• Why profitable businesses can still be out of cash.
When retailers know and understand the cause-effect financial levers of their business, choices become much more clear. There is a lot you CAN control!
It's why folks have praised The ROI for "connecting the dots."
(These are the tools and resources included in the Step #3 section on Controlling the Controllables. ROI Subscribers who are logged in can go directly to each of these resources. Otherwise, you will be prompted to login or subscribe.)
Tick. Tock. Tick. Tock.
Crisis looming? Use the lead time!
Once again, The ROI can give you a head start.
There's a quick assessment tool – Retailing's Three Stages of Decline – to pinpoint areas of focus. A pro-active Six Step Survival Plan. Even a guide to Stress Management for Retailers.
Start now to put time on your side!
(These are the tools and resources included in the Step #3 section on Weathering A Crisis. ROI Subscribers who are logged in can go directly to each of these resources. Otherwise, you will be prompted to login or subscribe.)
Since 1999, empowering retailers and store owners to "Turn on your financial headlights!"