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Most Recent Finance Articles

Improve Performance With Professional Financial Planning
Volume 145 NO.2 March/April,  Furniture World Magazine

It’s a fact that the FP&A process increases the odds of retail success, producing better profits and cash flow than if you ignored FP&A. Here’s how it works.

Sweating The Retail Details
Volume 144 NO.4 July/August,  Furniture World Magazine

Business ups and downs you may consider normal, can add up to make the difference between huge profits or crushing losses.

Finance Articles

Published 2004 - 2015

Improve Performance With Professional Financial Planning  - 3/24/2015

It’s a fact that the FP&A process increases the odds of retail success, producing better profits and cash flow than if you ignored FP&A. Here’s how it works.  

Seven Performance Indicators You Should Track  - 7/9/2014

Here are seven indicators you can use to know your business better, plus how you can use this information to surpass your unfocused competitors.  

Sweating The Retail Details  - 7/9/2014

Business ups and downs you may consider normal, can add up to make the difference between huge profits or crushing losses.  

When To Bring In The Big Guns  - 5/22/2014

A retailer’s perspective on using an outside company to do a GOB, inventory reduction, cash raising sale or other high impact promotion.  

Risky Business: Part 4 - Your Risk For Online Exposure  - 5/22/2014

Today the news is full of stories about online threats directed against countries and large businesses. Although high level hackers may not be targeting your store specifically, you are still at risk of loss from a number of internal and external exposures.  

Improve Merchandise Performance Using GMROI  - 3/16/2014

Willingness to use GMROI as a tool is one factor that separates best performing stores from their peers.  

Sales Volume Planning 2014  - 1/3/2014

By using the break-even sales equation your business can see in advance what volume will be required to produce your desired profit. You will be able to create a meaningful strategy and plan better for the upcoming year.  

Strategic Planning 2014  - 12/10/2013

David McMahon outlines the advantages of putting in place a strategic growth plan for the new year. For your business, strategic growth planning is the GPS for your retail future. It helps your business stay on course.  

Profit Parasites  - 5/30/2013

They are rightly named “Profit Parasites”. Like thieves in the night their insatiable appetites silently steal our working capital. Furthermore, they often evade the focus of our time and attention until they have done irreparable damage.  

Risky Business - Part 2  - 5/30/2013

Prudent furniture retailers in large and small operations purchase Time Element coverage to provide protection for loss due to reduced sales/income and to restore a business to its condition prior to a catastrophic loss. This article by Stephen J. Wisocky explains how to purchase this type of insurance wisely.  

    
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