Buying

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Get Up, Get Cute, Get Going!

  As a business owner, many of us feel like our business is our baby.  It is like one of our children to us; we have a profound love for our store(s).   Back in 2008, when sales took a downturn, I realized that the advice I gave to my daughters was what I needed [...]

How To Move Out Dead Inventory

Get rid of that stale, dead inventory, and plan your future purchasing through Gross Margin Formula! Have you ever asked yourself, "If business is so great, then why am I not making any money?" Maybe your accountant or tax return says you are making a profit, but it's not reflected in your bank account. This [...]

How To Calculate Your Turn Rate

Calculate your Turn Rate and plan your inventory for the rest of the year! Are you asking yourself, "How Much Inventory Should I have on hand Right Now to Make My Sales Goals?" Well, to fix this problem, you need to know your Turn Rate! Your greatest source of increased cash flow comes from increasing [...]