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"Don't
worry about people stealing your ideas. If your ideas are
that good, you'll have to ram them down people's throats."
- Howard Aiken
~
"Take
what you can use and let the rest go by."
- Ken Kesey
~
"You can never solve a problem on the level on which it was
created."
- Albert Einstein
~
"Adversity
puts people in touch with themselves."
- Rose Lane
~
"Just
the Road Map alone was worth the price of attending."
-Gary
Hill, Leo Hamel & Co
"We
saw measurable improvements in one month."
-James F. Sunderland Jr.,
James and Sons
"It was fun and interesting. I never knew numbers
could be this fun."
-Ray Bleser, Northeastern Fine Jewelry.
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| In
This Issue... |
- Article:
Roadmap: Stop Hidden Costs of Inventory
- Coach's
Corner: Why go it alone
- January Tip of the
Month
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Road
Map:
Stop
Hidden Costs of Inventory
Congratulations.
You finally dusted off and sold that fine piece
of giftware you fell in love with at the buying
show four years ago. Since you sold it at full
price, you made a pretty nice profit, too. Or
did you? Probably not, if you factor in all that
you spent the last couple of years in carrying
that particular piece of inventory.
We
try not to throw too many statistics at our
workshop attendees, but one of the key factoids
we always share with people is the average cost
of carrying inventory. Inventory experts
calculate that it starts at 20% of your total
inventory dollar and can go as high at 55%
depending on your industry. These costs are
known as "hidden costs" because typically you
won’t see them listed as a separate line item
on your P&L.
Just
because they’re hidden, though, doesn’t mean
that they don’t erode your bottom line! continued...
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 Coach's
Corner by Laurie Owen
Why
Go It Alone
After
years of attempting to exercise on my own via
VHS/CD/DVD, walks around the block, etc., I
finally started attending a twice-weekly yoga
class earlier this year. I use the word
"attempting" because before the yoga
class it was largely a hit or miss affair,
depending on weather, mood, level of perceived
business, etc. continued...
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January
Tip of
the Month
While
the Internet is a great tool when conducting
market research, don’t forget your local
library. Call the research desk and have a
professional researcher help you find the answer
at no charge. Seattle Public Library’s
Reference Desk number is 206-386-4636.
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Jewelers:
2006 Profit Mastery
Workshops & Plus Days Dates:
Some
coaches are better than others. Spend a day with the best and make marked
improvements in your company’s performance.
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Dates
and Locations:
April 18-19 Newark, May 2-3 Chicago,
June 28-29 Seattle |
During
the workshop, you gain skills in analyzing a
case study company's performance. During the
Plus Day, with the assistance of skilled BRS
coaches, you put your new-found skills to use on
your own company. Does it work? You bet! How do
we know? Because our attendees tell us they make
and keep more money in their companies. Each
workshop comes with the BRS exclusive "365
day-You'd better get results or we'll double
your money-back guarantee."
For
more information, including brochure and
description, visit http://www.brs-seattle.com/jewelers-workshop.html,
or call Laurie or Julie at 800.488.3520.
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Profit
Mastery Workshops for Business Owners
Over 97% of the people who attend our workshops say they've
substantially increased their understanding of the health, strengths and
weaknesses of their companies. Change the way you manage your
business, increase your cash flow, and find profits you never knew
existed. This Seminar
Schedule is
for general sessions.
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Have
the right stuff to be a Performance Group
member?
Interested
in joining a Performance Group? Visit our website
and take a quick assessment to see if you're
ready. Then call us at 800.488.3520 for a
one-on-one no obligation consultation.
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 FIT
Software Like having a trusted
financial advisor at your fingertips – 24x7.
Let FIT do the "what-if" so you won't do
the "if only." Get your fully functional
evaluation version here.
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Take
the guesswork out of pricing your products.
With this Profit Finder
wheel, you select a target profit margin and it
automatically helps you find the right price every
time. $10 purchase
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Road Map to
Success -
Great Management Tool!
We've taken our Road Map, enlarged (22x28) and
laminated it so you can write on it over and over again.
At only $26.95, it's a great investment.
More
Info | Purchase
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Feel
free to forward this newsletter to your colleagues.
© 2006
Business Resource Services
Business
Resource Services respects your privacy and does not give out or
sell
our subscribers' names and/or email addresses.
ISSN 1553-0558
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