HOW TO START & RUN A PROFITABLE RETAIL BUSINEES By Jim Dion
One of the few books I’ve found that really instructs you in the art, science and finance of running a retail store.
Are you running your store by the "seat of your pants"? You know, buying without know how much to buy. Do you know the definition of a fast seller? (Anything that sells within 6 months of buying it). Do you know how to find your turn and what it will cost you to have a low number?
Topics covered are: Merchandising, Buying, Sales Management, Developing your unique secret weapon, the retail methodology of accounting, product turnover, stock to sales ratio, Gross Margin, Profit & Loss Statements and much, much more.
Don't let the terms scare you. If Warren Buffett knows about this, you should too and Jim Dion makes it easy to know how much to buy and when to get out of a piece of inventory.
