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 Know a business that has inventory that is sitting stagnant? How about a business that has a clearance corner or worse yet, a section of the business that is dedicated to items that have been marked down in the hopes of someone deciding to spend some money and give that item a home. This session will show just how expensive it is to hold onto dead inventory. It will also show how much more sales and profit could be made if that inventory were liquidated (liquidation ideas provided) and that money put into new areas of inventory that is selling. A free calculator from the Profits Plus website is used in the illustration and provided to participants so they can calculate the cost of holding dead inventory in their business. Powerpoint of "How much is that doggy in the window? PROFITS PLUS, FOUNDER OF...
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JUNE 2026
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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
Marketing talks about finding your target customer. Unfortunately, those customers are not wearing a shirt with a bullseye on them to help you make that determination. The June Small Business Advisory offers an alternative method for understanding where your customer lives.
Small Business
It is countdown to the start of the 24th Independent Retailer Month beginning July 1. We work to promote the celebration from a different prospective; that of telling the public of the benefits they receive because they shop at a locally owned independent retailer. We also share reseach that shows the many positive feelings that consumers have about locally owned independent retailers and why they prefer to shop with you.
Remeber Struther Martin in Cool Hand Luke as he said, "What we have here is a failure to communicate"?
We are going to apply that expression to the software you use in your business. Are you getting what you need from that software?
Think of how Harley Davidson, Apple, and Campbell's Soup are perceived. Each have a very devout following. We call that cult branding. This month's book we review is, "The Power of Cult Branding", by B.J. Bueno.
All this plus the Internet Tool for Your Business and a staff incentive idea for your business.
