"Seasonal Review to control expenses...”
Inventory, Rent & Payroll are Absolutes to running your business:
Is your store running as efficiently it can? Can you share you space with another business? Resolve cash leaks by thinking creatively and apply accordingly.
INVENTORY-- That's where Wholesale Resort Accessories can assist. Let our 20,000 square foot warehouse be your stockroom. Purchase as needed from WRA Wholesale.
What Happened Last Season? Last Year? YOY Past 5 Years
Do you have funds available during off periods? What's in your Safety Net?
What is your Margin (Cost Of Sales-NET after paying ALL expenses)?
Focus on products with greatest margins. Use loss leaders wisely.
5-10% Cash Reserves for the Un-Expected
Resort retailing always experiences the unexpected. Be prepared.
Retail Challenge: Managing Cash Flow and Budgeting with Fluctuating Expenses
Learn More: Eric Groves-Alignable
photo credit: wuestenigel <a href="http://www.flickr.com/photos/30478819@N08/48826192306">Calculator with the word Retail on the display</a> via <a href="http://photopin.com">photopin</a> <a href="https://creativecommons.org/licenses/by/2.0/">(license)</a>