KNOW THE IMPORTANT METRICS

KNOW THE IMPORTANT METRICS

GROSS MARGIN ROI TURN RATE

GMROI = Gross Margin

Average Inventory CostTURN RATE =

Cost of Goods SoldAverage Inventory for a Given Period

Before you can effectively expand cash flow, you need to understand two important metrics:

USE THE BEST SELLING STRATEGIES

USE THE BEST SELLING STRATEGIES

Knowing that inventory is a huge factor in seeing positive (or negative) cash flow, it’s important to evaluate your selling strategies.

HEAT-MAPPING: The practice of identifying your hot selling spots in your store. It’s a great tactic for moving low-performing inventory quickly.

TIP: PRACTICE HEAT-MAPPING

PAY ATTENTION TO YOUR EMPLOYEES

PAY ATTENTION TO YOUR EMPLOYEES

Every store needs to look at employee performance every quarter so you can identify which employees are crushing it and which might need more help or training.

TIP: EMPLOYEE REVIEWS

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