|
|
|
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,
|
MAY 2024
|
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
The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.
Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?
Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.
Small Business
We see that many small business owners have too much of a focus on the "top line" of their income statement.
Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.
Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.
And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.
The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."
Lean Startup by Eric Reis is our suggested book for May.
As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.
Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.
