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Are you still counting on your bookkeeper or your accountant to let you know which months you are going to be short of cash?
Actually, that is terribly unfair to them!
- Remember, bookkeepers and accountants are trained historians. They can tell you to the penny what happened in the past.
- But, to expect them to give you advance warning of the ups and downs of your cash flow is not only outside their comfort zone, it is not their responsibility! That is the owner's responsibility.
Which is exactly why The Retail Owners Institute has built so many online projecting calculators for retailers.
And our (free!) SPEEDY HEADLIGHTS makes quick work of knowing in advance what your monthly cash surplus - or shortfall - would be!
Do yourself - and your accountant - a big favor. Take a few minutes to see where your business is headed. (Remember, if you don't like what it shows, you can play "what if...?" All privately, on your own.)
Priced Right for Retailers: FREE!
Go here | More info | Free access
Did Your Stores Get the Memo?
This weekend marked the official arrival of Spring.
No, we're not talking just about the weather. Spring is really a state of mind! And that of course means it is a wonderful opportunity for retailers.
- No matter what merchandise you sell - whether it's tires, apparel, books, housewares, office supplies, whatever - every retailer is in the fashion business.
- And that means that your customers are wanting what is new and fresh. You know; "in fashion"!
How to bring that Springtime State of Mind to your stores?
It's easier than you think. And can be quite energizing for your staff as well as your shoppers!
- Tweak your displays. Feature merchandise with lighter/brighter colors.
- Change the soundtrack. Lighter/brighter works here as well.
- Wash the windows! Wash away that winter grime. A little sparkle and shine goes a long way.
- Check the lights. Make sure none of them are out. Get rid of any dark corners. And by all means, insure that all spotlights actually shine onto merchandise, not that spot on the floor where the display used to be....
- Remember your staff. Maybe it's time for a Spring Fever treat for them. Whatever it takes to make sure they, like your customers, have that Springtime State of Mind. It's contagious!
Powerful Perspective • For and About Retailers
Whether you are a retailer, or you work with retailers, The Retail Owners Institute makes it easy for you to get a quick financial health assessment.
Go to the Benchmarks page on The ROI site, and choose any one of the 53 retail segments listed. When that page opens, immediately see 5-Year Trend Charts of these 6 key ratios (out of more than 40) that The ROI has identified for retailers to regularly monitor:
- Pre-Tax Profit
- Gross Margin
- Inventory Turnover
- Debt-to-Worth Ratio
- Current Ratio
- GMROI
These Benchmark Charts, available only from The ROI, offer a snapshot view of the financial viability of each retail sector.
Compare and Contrast Several Segments
Now, look at some more retail segments. (Use the Benchmarks menu bar tabs at the top of each page.) Fascinating, isn't it?
Quickly compare and contrast different types of retailers; gain insightful perspective.
Want to Know How Your Stores Compare?
Of course you do!
See the "Do Your Own Ratios" tab? Click on that tab from any of the Benchmarks Segments pages, and use The ROI's KEY RATIOS Calculator. (Yep, that's free too.)
- Just enter a few numbers from your financial statement. Immediately - and automagically! - see all of your Key Ratios.
- Use the built-in comps from 53 retail segments to compare your results to the median-performing retailers in your segment.
Available Only at The ROI
The Retail Owners Institute® makes these Benchmarks charts and the KEY RATIOS Calculator available online, anytime, 24/7, for free. Be sure to take advantage of this information!
