Listen "Retailer Survival Guide: managing cash flow from September to November"
Episode Synopsis
In this episode of the Resilient Retail Game Plan podcast, I tackle the challenges retailers face from September to November, focusing on cash flow management and strategic stock handling. I delve into the reasons behind the cash flow pinch during this period, such as holiday season stocking and payment timing issues. I share practical advice on delaying expenses, collecting owed payments, and using detailed cash flow forecasts. I also introduce my 'Stock Doctor' service to help manage underperforming stock and emphasize the importance of balanced inventory year-round. Tune in for actionable insights to navigate cash flow challenges and boost your retail success during the holiday season. [00:00] The Seasonal Cash Flow Crunch[00:33] Understanding the Retail Cash Flow Pinch[02:15] The Impact of Holiday Preparations[05:39] Strategies for Managing Payments[09:20] Creating a Sales and Stock Plan[10:46] Importance of Cashflow Forecasting[12:09] Optimizing Stock for Better Cashflow[13:03] Strategies for Managing Excess Stock[13:41] Planning for Seasonal Inventory[15:36] Final Tips for Cashflow Management[17:03] Resources and Support Links: Get all of the details on our website.Learn more about Stock DoctorLearn more about the Resilient Retail Club Learn more about my mastermind for product business ownersMentioned in this episode:Freebie downloadStock FreebieFaire 50% offerUse the code GamePlan25 to get 50% off and free shipping with your first order at faire.comFaire 50% off - use code 'GamePlan25'
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