Tuesday, May 1, 2012

Monthly Chores

Today I...

  • Balanced the store's checkbook
  • Ran Sales Reports by department
  • Measured GMROI by department
  • Ran current Balance Sheet
  • Ran Profit & Loss for the month and year-to-date
  • Sat down with my buyers to make sure we were on track
  • Monitored Cash Flow*

I'm not bragging.  I'm not even saying I liked doing any of those things.

I am more Big Picture than I am Data & Details.  But it takes Data & Details to draw the Big Picture.  So I spend a few hours on the first of each month drawing the Big Picture with all of that Data & Detail.

Keeps the Big Picture clear in my head.

You, too?

-Phil Wrzesinski
www.PhilsForum.com

*I actually do this daily, not monthly.


PS  The hyperlinks above take you to a couple really cool documents that help you understand those calculations.  Most people won't bother to click on those links.  But then again, you are not most people.

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