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Being a successful retail manager is dependent on your understanding of finance and numbers. While you may be running a retail store because you enjoy it, you are also there to make a profit. In order to manage your business effectively and make a profit, it is essential that you use the right financial measures and management reports to measure store and staff performance.
In this module, we will help to make retail finance easy to understand and implement. The objective is to help you increase your net profit through better financial management and reporting. Topic areas will focus on retail profit and loss statements, budgeting and forecasting, increasing revenue, managing margins and expenses, and implementing retail finance in your business.