How to Deal with a Drop in Sales
January 30, 2012 – 2:23 pm | No Comment

It’s going to happen sometime. Your sales are going to drop. Maybe it will be a short time period or maybe a longer one. How do you cope?
This was a tough winter for those of …

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Inventory Planning

Keep your cash flowing by planning the sales, inventory levels and delivery times for each department.

Staffing

Labor costs can be huge for a small business. Plan what you can afford to pay people, then train them to do their job.

Cash Planning

The details of where the cash is going and how to make the best use of it.

Customer Service

It is, of course, people who buy things from us.

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Margin Call – Can you promote sales by giving away your margin?
September 30, 2011 – 6:40 pm | No Comment
Margin Call – Can you promote sales by giving away your margin?

You know, it seems like everyone is trying to get a piece of the small business income stream. I don’t know how it is for you but everyday there are people knocking on the door …

The Open to Buy Book: A Power Tool in the Small Business Tool Box
January 20, 2011 – 5:00 pm | No Comment
The Open to Buy Book: A Power Tool in the Small Business Tool Box

Are you looking to unlock the power of turn over and gross margin?
If you are, then you are like the majority of us small business owners. When you are buying and selling merchandise, turn over …

Launch of the Cash Flow Management Program
October 31, 2010 – 5:04 pm | No Comment
Launch of the Cash Flow Management Program

This month I’ve launched the Cash Flow Management Program. It’s a spreadsheet based program to track the movement of cash through your business. The program can be used as a planning tool, as a …

Making the Buy – Keep Profit in the Picture
July 7, 2010 – 7:34 pm | No Comment
Making the Buy – Keep Profit in the Picture

It’s preseason buying time again. Time to buy for spring and summer of 2011. What are people going want to buy next year? That is the question we are asking ourselves. What are you going …

15 Days in Beijing
June 16, 2010 – 10:32 pm | No Comment
15 Days in Beijing

Haven’t written much for the last few weeks, but will I get back on schedule soon. My excuse: a two week trip to Beijing, China. The other two weeks has been reentry into our time …

Exploring Return on Assets
May 13, 2010 – 4:31 pm | No Comment
Exploring Return on Assets

Finding one or two critical numbers that you can use to guide your business and involve the largest amount of your staff will result in solid rewards.  Last week we touched on using Return on …

In The Critical Number Playground, Everyone Plays
April 27, 2010 – 10:18 pm | One Comment
In The Critical Number Playground, Everyone Plays

Taking off from last weeks post, did you figure out what your critical number might be? Let’s look at what the information that we gathered about the business and narrow down what Critical Number will …

Know your Critical Number and Stay in the Game
April 20, 2010 – 10:58 pm | No Comment
Know your Critical Number and Stay in the Game

Every business has a critical number. It is the one number that is the key indicator of where your business is going. It is the number that can make or break the business. It can …

Prepare for Physical Inventory to Save Time and Money
April 3, 2010 – 5:40 pm | No Comment
Prepare for Physical Inventory to Save Time and Money

It is inventory time for Lee’s Adventure Sports.   Since our busiest time of year is in the winter we decided a long time ago that our fiscal year end would be in March. So here …

Embed Trust in Your Organization
March 24, 2010 – 8:01 pm | No Comment
Embed Trust in Your Organization

We looked at building trust with your customers in the last post.  In that post, we examined actions that you and your employees can do to build trust with each customer. Taking care of each …