In this four-part video series, Steve Bailey of Steve Bailey Consulting, an expert on using financial data to better manage retail business practices shares his expertise in managing financial data to help you better manage your business performance. The video topics include a review of the income statement, or P&L, pricing, inventory management, and GMROI – Gross Margin Return on Investment. Steve shares definitions of key financial measures, benchmarking metrics, and provide tips for managing the financial health of your organization. This series concludes with an online discussion moderated by Steve Bailey with Cameron Rees of Skinner Garden Store in Topeka, KS, Dennis Fix, FarWest Landscape & Garden Center in Boise, ID and Derek Ellis, Ellis Home & Garden in Shreveport, LA. Listen to these garden retail center owners discuss how using these financial metrics have helped them in their business.
While focused on Garden Retail Center, the information in these videos is beneficial to any green industry business.