Need to Improve your Cashflow?
Does this sound familiar?
Your accountant says he has some good news. You made a healthy profit for the year.
The bad news is ... you need to pay some tax.
The even worse news is ... you don't have any cash to pay it with. Why? Because all of your profit is sitting in your cabinets in the form of inventory.
And worse still ... that new inventory you bought that you didn't need or plan for has about a 10% chance of selling quickly. In other words, you will still own it long after the taxman has been paid.
The good news is that you are in good company. You see, most Jewelry stores are profitable ... but most of them also have a cashflow problem at various times of the year.
Back to the 'Good News'. There are simply reasons for this which are easily fixed if you have a mind to.
To find out more about fixing your ongoing cashflow problems, contact us and ask about joining the Edge Retail Academy.