Reviewing your First Quarter results.

Now that the first quarter is over, it's time to review your
First Quarter results

You should have already planned your weekly, monthly and quarterly sales, stock levels and business expenses for 2015. You now need to compare your actual results to your plan for the First Quarter.

First compare your actual sales results to your planned sales.
Let's assume you're running ahead of plan. That's great. You're right on track for a successful year.
You may need to adjust your planned stock levels up to support the additional sales.

If your sales are  trending down, however, be sure to adjust your stock levels and purchases accordingly.

Look at your actual stock levels compared to plan and be sure they are compatible with your
planned turnover rate.

And look at where you might be able to save on some expenses.

You don't want to be too drastic in making any cuts. You have to maintain acceptable stock levels to insure customer interest. And, by all means, maintain good customer service.

I can be of help to you in this planning process. A big part of my affordable program for
independent retailers deals with planning sales, stock levels and expenses.
Please take a look at my website
www.sandywoodford.com
Click on the "For The Retailer tab and get more information.

Sandy

770-973-3503