|
|
|
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.
Details make a difference 2.
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 727-823-7205. 3.
Your free subscription to the e-ret@iler 4.
Contacting Profits Plus Seminars and Tom Shay Get your Profits Plus,
PROFITS PLUS, FOUNDER OF...
©1998-2025 Profits Plus Solutions, Inc. |
FEBRUARY 2025
|
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
Hopefully there are few small businesses that are operating with handwritten documents. Whether you have a point of sale (POS) system; Curstomer relationship management (CRM) system; or anything digital that helps you better operate your business, there remains a question.
Are you using everything that you bought? That is the focus of the February Small Business Advisory.
Small Business
As small business ownerss we are sure to disagree on many aspects of business management and ownership. However there are two items that I will always insist on.
The first item for you as manager and owner of a business, you must inderstand financial information. You cannot leave it to an accountant. The second item is you have to invest in educating your staff regarding their responsibilities within your business.
Most every small business has inventory. It may be inventory used as a part of your services. It may be inventory for items used in your business. The article of the month shares ideas of how you should control the inventory. This is important because you do not want to run out of the necessary inventory, and you do not want too much of your money sitting in more inventory than you need.
You cannot beat your competition unless you know what they are doing. The February book of the month is, The Everything Store, written by Brad Stone and Jeff Bezos.
