For three years, Laurie Owen has been writing in INSTORE about money and how to use it more wisely. Here she picks the five columns she feels had the most important lessons.

Bank On It
These days, there are a lot of bankers out there with cold feet.  Or, they’ve been taken over by another bank who doesn’t like retailers.  Don’t assume because they’ve banked your business for the last three generations that the new regime will stick with you.  These tips are as timely as ever to keep the relationship healthy or help you find a new banker should the need arise.

Peer Pressure
I like this one because it shows how efficiency, and not necessarily higher sales, makes for more take home dollars.

Store Pre-Nup
Such an important subject. So very few stores have a buy-sell agreement in place, much less one that covers the important issues. A good one can literally save a business in the event of partner dispute, divorce, etc. A great one can save a family.

Cost Pro
Ok, so expansion isn’t top of mind these days, but it will be again someday soon. And when it does, this article shows you how the “big guys” look at the numbers.
 
10% Off Costs
This one lays out the true costs of discounting and gives readers some action steps to help kick the habit.

Laurie Owen is senior vice president and business coach at Business Resource Services. Contact her at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

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