David McMahon, industry consultant for PROFITsystems, Inc. and contributing editor for Furniture World Magazine, has announced that he will be offering complimentary business analyses to retail business owners at the Las Vegas Summer Market to introduce PROFITsystems’ new program: Passport-to-Profit. David will be available for twelve, one-hour appointments and is scheduling appointments on Monday, August 2nd and Tuesday, August 3rd for this limited time offer.
Items that will be covered in the complimentary business analysis are:
- Analysis of financial statements
- Industry GAP analysis for comparison with top stores (bench marking)
- Inventory level evaluation
- Cash flow analysis
- Operational department expense evaluation
- Margin evaluation
- Sales opportunities
- Marketing spend
- Recommendations and next steps to improve profit and cash flow
Passport-to-Profit was designed to help businesses get up to speed on their key metrics. As part of the program, metrics are gathered and reviewed by a PROFITsystems’ senior business consultant. A plan that is specific to the business is then formulated. The business owner and consultant monitor and review progress over time to keep the forward momentum going.
“Our new Passport-to-Profit program is exciting because from day one we can help businesses focus on the area where they need the most help, and we can provide them the expert advice that will get them there quickly," said PROFITsystems’ COO, Shelley Parlin.
PROFITsystems’ CEO, Jeff Niskern added, "We know that owners and managers get pulled in so many directions due to the day-to-day operations of their business that effectively tracking everything they have to do is extremely difficult. This new program gives us a great opportunity to step in and help executives look at their businesses with fresh eyes to see what opportunities they have to impact their bottom line."
The business analysis will help retailers identify areas of opportunity in their business to increase profitability and cash flow.
Retailers interested in making an appointment for their complementary business analysis at Las Vegas Market should contact David McMahon, Senior Business Coach with PROFITconsulting at davidm@profitsystems.com. If you are not attending Las Vegas Market, you can email Wayne McMahon, VP of PROFITconsulting at wayne@profitsystems.com or David McMahon at davidm@profitsystems.com for more information on the Passport-to-Profit program.