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Given all the angst that can come from paying attention to business news, we were intrigued by this explanation of the "buoyant spending" occurring currently:
"Don't bet against the American consumer."
That’s an upbeat thought, isn’t it? Especially for perpetually optimistic retailers. The writer goes on to explain
"It's a maxim investors ignore at their peril. There have of course been times that household spending slumped, but almost always later than when one would have guessed from reading the headlines."
The journalist then went on to cite economic experts, Commerce Department statistics, and other sources to explain this consumer resiliance. Plus, of course, some caveats about when it all will come due….
We, however, have a more succinct explanation of “buoyant consumer spending,” particularly for resiliant retailers:
“Worrying works! 90% of the things I worry about never happen!”
For those of you who quickly wonder which 10% DO warrant your attention? That's where you can count on The ROI.
It’s a practical “library” of owner-focused tools, benchmarks, webinars and strategic Resource Centers designed to help growth-minded owners think ahead, test ideas, compare alternatives and make better decisions before committing time, money or energy.
In other words: financial headlights for owners.
We invite you to stop by, explore the Resource Centers, and see what might help you the most right now.
Let's assume your stores have been closed for weeks now.
We recognize how conscientious you are. So, after paying what you can to your employees (and yourself), the next most-worrisome dilemma is your rent.
As you likely have discovered, a common choice for many landlords is to offer to defer your payments. But that means taking on more debt, as those payments are only being postponed to a later point in time. You need a better solution than that.
Perhaps you saw that recent article* in The Wall Street Journal. As Ruth Simon reported, "The cost pressures squeezing small businesses – and their need to pass along those higher charges – help explain why inflation has been so stubborn."
It's that time of year when all the talk is about all that's new and different for retailers. As the trade show season gets into full swing, there is no shortage of reminders of all the elements you need for your business to "keep up."
We get it. Keeping pace with the relentless changes in retailing is not easy. Retailers know it demands constant adjustments.
But you’re the owner. How well is your business keeping pace with your personal goals and ambitions?
Remember, the point of owning your own business is to make the business work for you! How are you doing so far?
A frequent recommendation for how to navigate the current economic uncertainty is to be more diligent about controlling expenses, and focus on profit. (You'll see; we challenge that below.) Hmm. Concentrating on profits is easier said than done in today's environment, with cost increases proliferating under the umbrella of inflation.
We recently saw a cartoon that made us laugh out loud — and then think of the Strata:G Calculators.
The cartoon shows a puppy at birth, then at 8 weeks, then at 20 weeks, and finally — in the “projected” panel — a long-legged, pointy-nosed, skinny-tailed creature labeled “Projected growth based on trend.”
Of course, that’s the problem with straight-line projections, isn’t it? Arithmetic will happily keep extending a trend forever. Reality? Not so much.
That’s where the Strata:G® Calculators stand apart.
Sure, anyone can make a spreadsheet do math. “Raise sales 5% a month.” Blink. Done. The numbers march neatly down the page, perfectly consistent — and perfectly meaningless.
What the Strata:G Calculators do is different. They’re built with room for your business savvy baked in.
Incredible value! 👀
Start NOW!