Spend some time with your P&L...

 

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Transform Your Business Life




YOUR TIP FOR JANUARY 7, 2010
[h3]Before sitting down to brainstorm your approach to 2011, spend some quality time with your P&L statement.[/h3]

WHY? Too many jewelers simply file their annual profit-and-loss statement to be to read another day.

HOW? Work through the numbers with an eye to understanding what they mean for your business. Compare your figures to industry benchmarks like INSTORE's Big Survey, By the Numbers averages or JA's Cost of Doing Business Survey. If you are underperforming your peers, find out why.

SOURCE: INSTORE




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