Things You Can Do Now To Improve Cash Flow and Profits
April 24, 2012 – 9:16 pm | No Comment

I’ve missed posting for a couple of months here. Sorry. It’s been a busy time with buying shows, year end financial planning and dealing with some internal issues. During this time I was going over …

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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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Articles in Staffing

The Buyers Game of Risk
October 31, 2011 – 9:02 pm | No Comment
The Buyers Game of Risk

How do you handle buyers’ territorial skirmishes?
Let’s say you have a number of buyers working for you. They each have one or more departments to buy for and may be buying products from the same …

Training a New Buyer: Part 2
February 5, 2010 – 6:33 pm | No Comment
Training a New Buyer: Part 2

I just spent last week at the Snowsports Industry trade show.  This is a national trade show for ski, snowboard, and snow related manufacturers and retailers.  We, as buyers, are here to meet with manufacturers …

Training a New Buyer
January 11, 2010 – 11:33 pm | No Comment
Training a New Buyer

In these pages we talk a lot about how important cash flow, gross margin, inventory turns and inventory control are.  The buyers in a small business have a great affect on all of those goals.  …

Involve Employees in the Planning Process
December 14, 2009 – 6:08 pm | No Comment
Involve Employees in the Planning Process

We are approaching the beginning of winter and in our business we have been in the process of planning next fall and winters business plan.  This brings forward many questions.  What is going to be …

Opportunity and Labor Planning
September 15, 2009 – 9:39 pm | No Comment
Opportunity and Labor Planning

Many small retail businesses focus their energies on creating a great customer experience. It is one of the ways that the small independent retailer creates a differentiation from the big box or mass merchant. Having …

Plan Your Labor Costs
July 20, 2009 – 12:17 pm | No Comment
Plan Your Labor Costs

Planning your labor costs
Having staff members who are skilled, knowledgeable and customer oriented can make your business sing. Controlling the costs related to their employment is a challenge that business owners face. There is the …