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With over 25 years of frontline experience Tom Shay is America's leading small business management expert. He's a "Must Have" for your next event.

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 727-823-7205.

3. 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.

4. 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

 

DECEMBER 2024
Have the Small Business Advisories and News sent to your inbox. Subscribe HERE

Small Business

AdvisorieS

Whose job is this, anyway? Have you heard that before? The December Small Business Advisory offers ideas from those who have found solutions.

Small Business

NewS

Top Story

Past our announcement that the December newsletter starts our 26th year, we are discussing what is and what is not a problem.

 

Starting with, all these announced closings of retail operations is not a problem indicative of retail. It is an indicator of chain stores trying to correct the problems they previously made.

Article of the Month

We came across a solution of tasks not getting done as well as tasks not done correctly. We created an owner's manual for our business. Details in the Article of the Month.


Book of the Month

Atomic Habits by James Clear. Have you ever caught yourself saying that you had gotten out of the habit of doing something? Perhaps it is something you need to continue to do? This book can be applicable to personal and business life.

BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

Whose job is this, anyway? Have you heard that before? The December Small Business Article of the Month offers ideas from those who have found solutions.

Small Business

News

 

Top Story

Past our announcement that the December newsletter starts our 26th year, we are discussing what is and what is not a problem.

 

Starting with, all these announced closings of retail operations is not a problem indicative of retail. It is an indicator of chain stores trying to correct the problems they previously made.


Article of the Month

We came across a solution of tasks not getting done as well as tasks not done correctly. We created an owner's manual for our business. Details in the Article of the Month.


Book of the Month

Atomic Habits by James Clear. Have you ever caught yourself saying that you had gotten out of the habit of doing something? Perhaps it is something you need to continue to do? This book can be applicable to personal and business life.