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Profits Plus Solutions for Small Business
Retail Expert speakers Retail Management training seminars

 
e-ret@iler
April 2001
Sent at your request by Profits+Plus Seminars & Tom Shay

What you will read in this month's issue of the e-ret@iler:
1. April article: How to turn a sale circular into a sales event
2. e-ret@iler advisory of the month
3. The resource library at Profits +Plus.
4. Your free subscription to the e-ret@iler
5. Contacting Profits+Plus Seminars and Tom Shay

1. Details make a difference
The April article on the Profits Plus website is entitled,
"Details Make A Difference".
Read about Al and Bill as they each prepare for a sale. See how the experiences of one business can help you tune your advertising and promotional efforts to become more profitable events. And for those who may have missed a previous article, the January, February and March issues are still on the site.

2. Now appearing on the Profits +Plus Website: New and free tools for you!
Visit the website and see two new tools to help you increase the profits in your business.

The first addition deals with "Open to Buy". From the front page of the web site you can click on the "Open to Buy" link to first read an article about creating an open to buy. The article will explain why you should have one, and will then tell you how to create an open to buy chart.

For those of you who are the "do it now" kind of person, there is a link to an open to buy chart that is yours to down load. Created in Microsoft Excel, this chart will ask you to enter your gross margin, anticipated sales for each of the coming months, as well as your current and desired inventory level. Put this information in and you will then see how much you can spend on inventory. Of course, you can download this file and save it on your system.

The second addition is our financial ratio calculator. Grab your last financial sheet and then plug in the asked for numbers. As you click the gray button next to each calculation, you will see how your business is doing.

Because of the complexity of this calculator, it does not download. So here is how to maximize results for you. Enter your numbers each month, click the necessary submit buttons, and then print the form. The form will automatically put the date on the printed copy for you. Bring the numbers back for the succeeding month and see how you have improved.

The calculator also has an explanation for what each of the various ratios mean as well as an explanation of how to do the calculation. Any questions? Give Tom a call at 727-464-2182.

3. The resources library at the Profits+Plus Seminars website - filled with products that can increase the profitability of your business. At the bottom of the resources page there are links to slides, posters, suggested reading and other goodies to help you.
Resource Page

4. Your free subscription to the e-ret@iler
If you have received this edition of the e-ret@iler by way of someone passing it onto you, you can add your name to the free subscription list by sending an email and putting the word "subscribe" in the body or reference line.

5. Contacting Profits+Plus Seminars and Tom Shay
Thank you for inviting us onto your desktop, and taking the time to read our newsletter. We trust you have received some business building ideas from it as we look forward to seeing you again next month.

Get your Profits Plus,


Tom Shay

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Profits Plus Solutions, Inc.
PO Box 1577
St. Petersburg, Fl 33731
(727) 464-2182
Fax: (727) 898-3179