There are a lot of numbers to keep track of in any sized retail business - including nano and micro retailers - and all numbers seem to relate to each other. Some numbers are used and looked at on a daily basis and others on a less frequent basis. The balance sheet contains numbers that are looked at less frequently and yet, it needs to be as upto date as possible. This Nanocast™explains what a balance sheet is and what is in it.
Terminology
NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.
Merchandise Planner - Listen here to find out what merchandise planning is.
SloppySuccess
SloppySuccess using retail concepts to #makeastart on business ideas and plans. We encourage nano and micro retailers to apply big retail thinking to their businesses, by taking retail concepts, terminology and processes and explaining them in a way that is easy to understand.
SloppySuccess is about making a start, no matter how small a start it is.
Some terminology
NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.
Merchandise Planner - Listen here to find out what merchandise planning is.