BRS Newsletter

Do You Have The Right Stuff? Use GMROI to Find Out

Success in business should be so simple, really. Generally, you have to buy the right quantity of stuff at the best price, with good markups, and sell this "right stuff" to customers within reasonable time frames. What's so hard about that? Well, for one thing, what makes the right stuff right? And what makes a markup good?

As usual, when you look only at size – whether you're talking sales, margins, or inventory levels - you can come up with a less than satisfying result. What you really want to be looking at...continued

	Reserves: How Empty is Your Tank?
Coach's Corner by Laurie Owen	Wendy, a retail store owner, was talking about how her business had fared during the recent series of hurricanes. "I'm so glad I have a good relationship with my bank. I had to call him and increase our credit line to get some cash to hold us over. And thank goodness we've got good insurance as it will help cover the lost business from having been closed for 7 days." Although Wendy had more than her share of bad luck, it seems her "good luck" with her banker and insurance company was coming through. Her business was going to weather the storm, literally and figuratively. Or was it luck? continued


Tip of the Month Tired of your commissioned sales people giving away price discounts? Try basing your commission structure on gross profit, not gross sales. You'll be amazed at how much better they'll hold the line on pricing!

Profit Mastery Workshop for
Jewelers and Pharmacy 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.

Pharmacy Owners
Next Profit Mastery Workshop:
October 13-14 in Boston Registration form & flyer

Other Business Owners

Seminar Schedule

Jewelers
2004-2006 Calendar of Events

Profit Mastery Performance Groups for Pharmacy Owners and Jewelers
Proven to improve your bottom line, BRS Profit Mastery Groups work! Our members are taking their businesses to a new level. Get peer support, focused meetings, and help in making and keeping goals. Find out if you’re ready by taking our Profit Mastery assessment right now…

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.	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

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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