Savvy Sales Pros In Greensboro, NC, Get A Business Boost From SCORE
- Topics:
- Small Business
- Tags:
- Accounting,
- Finance,
- Financial,
- Financial Accounting,
- Financial Services,
- Network Computer,
- Operational Accounting,
- Sales,
- SCORE
- Source:
- SCORE
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Overview: Michael and Ramona Woods decided to turn their mutual experience in the salon-servicing industry into an opportunity to become business owners. The problem was that the couple had little profit to show for their efforts. They failed to realize that knowing how to sell and make money doesn't mean you know how to keep it. SCORE Counselor Eric Indermaur reviewed company's financial and accounting data that helped Eric pinpoint Ashtae's problem: The company was growing too fast. Its inventory supply chain was out of sync with the normal ebbs and flows of the business cycle. Eric helped Michael and Ramona better understand where Ashtae's money was going, how to scrutinize the financial data and how to calculate sustainable profit margins.
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