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Sent at your request by Profits+Plus Seminars & Tom Shay
you will read in this month's issue of the e-ret@iler:
Details make a difference
Now appearing on the Profits +Plus Website: New and free tools for you!
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.
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.
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