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 Too much inventory on the shelves? Too many outages during the peak season? Both of these problems occur because of a lack of advance planning. This problem can be prevented by developing and utilizing a plan to have the right amount of inventory in the business at the right time. This "plan" is called an "open to buy." Participants will learn how to create and utilize such a tool as well as have the opportunity to receive a free "open to buy" calculator from Profits Plus. Powerpoint of "Creating positive cashflow with an 'open to buy'!"
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DECEMBER 2024
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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.
Small Business
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
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.
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.
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.
