BIG Newsletter: Undisclosed Diamond Situation Still Uncertain
We as an industry are at a point in time where we must recognize the need to ensure our reputation is not marred by any of these stones being sold as natural, and not being properly disclosed.
BIG Newsletter: Death and Taxes (or if There’s a Will, where is it?)
This is about your Last Will. I was meeting with my attorney and accountant a few months ago, working with both of them on estate planning and my Will.
BIG Newsletter: Strong Teams Lead To Success
Football season has begun and I recently read an article on the ways to make "special teams" strong. One thing that strikes me every year is how some teams just seem to gel, they come together and just work well.
Throwback Thursday: Life in the Fast Lane
Cars take up space. Inventory takes up dollars. A well oiled merchandise highway allows plenty of space (dollars) for new product to enter from the right, and move from lane to lane without obstruction. As these products accelerate, other merchandise gets out of the way to allow their passage. They beep and wave as they go by, and exit off to the left at often blazing speeds.
Developing an Inventory Plan for Retail Jewelers
Each department of your store contributes to sales and gross profit in different amounts and each, therefore, should have its own budget. Contained within a department are categories and sometimes sub-categories. Also, price points perform differently from one category to the next; therefore, your plan will call for different allocations by price.e/m
BIG Newsletter: Profit First
We need to go on a “Business Diet”. We all pretty much know what we have to do, even when we have to lose weight, we all know what steps we need to take to accomplish our goal. But how do we get the discipline to do it. The key is implementing a new way of life and putting procedures in place to insure that we don’t fall off the wagon.