{"id":7024,"date":"2018-02-25T10:10:45","date_gmt":"2018-02-25T16:10:45","guid":{"rendered":"http:\/\/boutiquehub.wpengine.com\/?p=7024"},"modified":"2019-12-30T09:00:59","modified_gmt":"2019-12-30T15:00:59","slug":"boutiquechat3","status":"publish","type":"post","link":"https:\/\/theboutiquehub.com\/blog\/boutiquechat3\/","title":{"rendered":"Episode #3: Buying Strategy &#038; Cash Flow Analysis for Retail Growth"},"content":{"rendered":"<p>Ready to be a better buyer and keep more money in your bank account at the end of the day?<\/p>\n<p><span style=\"font-weight: 400;\">This episode is PACKED with information about the flow of inventory, data analysis, point of sale systems, merchandised plans and all the details retailers need to manage a successful cash flow and buying strategy. \u00a0Meet Dan Jablons, Founder of Retail Smart Guys, analyst, consultant, speaker, and Management One affiliate. <\/span><\/p>\n<h4><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/boutique-chat\/id1351990699?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">&gt;&gt; EPISODE 3 &#8211; LISTEN NOW ON iTunes &lt;&lt;<\/a><br \/>\n<\/strong><\/span><\/h4>\n<p><em>Don&#8217;t Have iTunes?<\/em> <a href=\"http:\/\/theboutiquehub.libsyn.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Listen on Lybsyn here<\/a><\/p>\n<p><em>See the Full<\/em>\u00a0<a href=\"https:\/\/theboutiquehub.com\/boutiquechat\" target=\"_blank\" rel=\"noopener noreferrer\">Boutique Chat Podcast Website here<\/a><\/p>\n<p><strong>EPISODE BONUS for members of The Boutique Hub:\u00a0<\/strong><br \/>\n<a href=\"https:\/\/theboutiquehub.com\/business\/training\/library\/\" target=\"_blank\" rel=\"noopener noreferrer\">Download: Sample Vendor Score Card<\/a> (Available in Hub Training Library)<br \/>\n<a href=\"https:\/\/theboutiquehub.com\/business\/training\/library\/\" target=\"_blank\" rel=\"noopener noreferrer\">Download: KPI&#8217;s For Retail Success<\/a> (Available in Hub Training Library)<\/p>\n<p><strong><img fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-7028 alignleft\" src=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2018\/02\/Dan-J-819x1024.jpg\" alt=\"\" width=\"426\" height=\"533\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2018\/02\/Dan-J-819x1024.jpg 819w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2018\/02\/Dan-J-240x300.jpg 240w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2018\/02\/Dan-J-768x960.jpg 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2018\/02\/Dan-J-700x875.jpg 700w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2018\/02\/Dan-J-600x750.jpg 600w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2018\/02\/Dan-J.jpg 1205w\" sizes=\"(max-width: 426px) 100vw, 426px\" \/>ABOUT DAN<br \/>\n<\/strong><span style=\"font-weight: 400;\">Dan Jablons worked in retail while attending the Ohio State University, where he graduated with a Bachelor of Science in Marketing and Production. He has worked with retailers such as Walmart, Target, JC Penney, American Apparel, Donna Karan, Jimmy Choo, Charles David, Diesel, Oakley, Tumi, Hollywood Bowl, and many others. He has worked for a clothing manufacturer where he piloted vendor-managed inventory programs, a leading point-of-sale provider, where he installed systems and provided merchandising help to retailers large and small, and internet marketing where he helped retailers establish a presence on the web. In addition to his vast retail background, Dan also has a background in improvisational theatre. \u00a0He has performed with comedy troupes all across the USA, and recently appeared on Curb Your Enthusiasm. Dan combines his extensive knowledge of retail with his comedy skills to become one of the industry&#8217;s most popular speakers. He has spoken at Magic, at local municipal and trade show events, and many other venues.<\/span><\/p>\n<p><strong>KEY TAKEAWAYS<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dan is the Retail Smart Guy, but he also did a stint on Curb Your Enthusiasm <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Unless you have a true Point of Sale system, you don\u2019t have data<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There is a BIG difference in tracking vs analyzing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Failing Fast should be everyone\u2019s strategy, your timing is key<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Running a best seller report? Don\u2019t just look at the top. Look at the 4th, 5th, 6th in line, there is where the hidden opportunity lies<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u201cInventory is neither wine nor cheese, it doesn\u2019t get better with age,\u201d &#8211; Dan<\/span><\/li>\n<\/ul>\n<p><strong>SHOW NOTES<br \/>\n<\/strong><span style=\"font-weight: 400;\">10:55 &#8211; Point of systems tell you when you\u2019ve been slapped and when you\u2019ve been kissed.<br \/>\n<\/span><span style=\"font-weight: 400;\">12:55 &#8211; A merchandised plan starts with a great sales forecast.<br \/>\n<\/span><span style=\"font-weight: 400;\">15:50 &#8211; Dan\u2019s view on the retail apocalypse.<br \/>\n<\/span><span style=\"font-weight: 400;\">17:00 &#8211; The all alluring funnel. Where to start analyzing your numbers, and how Dan\u2019s company can help you make more money.<br \/>\n<\/span><span style=\"font-weight: 400;\">25:40 &#8211; When inventory reports are wrong&#8230;there aren\u2019t inventory elves coming in and altering your data&#8230;<br \/>\n<\/span><span style=\"font-weight: 400;\">28:30 &#8211; Vendor scorecards that tell you what your customers think about their products. Pssst. <\/span><span style=\"font-weight: 400;\">It\u2019s a report, not something you ask your customers to fill out.<br \/>\n<\/span><span style=\"font-weight: 400;\">32:00 &#8211; Actionable markdown strategies.<br \/>\n<\/span><span style=\"font-weight: 400;\">38:55 &#8211; Failing fast.<br \/>\n<\/span><span style=\"font-weight: 400;\">40:00 &#8211; Traits in successful retailers?<br \/>\n<\/span><span style=\"font-weight: 400;\">44:00 &#8211; What percentages of my revenue get reinvested into rent, payroll, operating expenses, <\/span><span style=\"font-weight: 400;\">and Inventory.<br \/>\n<\/span><span style=\"font-weight: 400;\">47:40 &#8211; Favorite books and podcasts, mentors, and serving through selling.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Favorite Book:\u00a0\u00a0<a href=\"https:\/\/www.amazon.com\/No-Thanks-Just-Looking-Techniques\/dp\/1118153405\/ref=sr_1_1?ie=UTF8&amp;qid=1519417248&amp;sr=8-1&amp;keywords=no+thanks+I%27m+just+looking\">\u201cNo Thanks, I&#8217;m Just Looking: Sales Techniques for Turning Shoppers into Buyers\u201d<\/a><\/span><\/p>\n<p><em>Follow Retail Smart Guys:<br \/>\n<\/em><br \/>\n<span style=\"font-weight: 400;\">For more from Retail Smart Guys, visit <\/span><a href=\"http:\/\/www.retailsmartguys.com\/\"><span style=\"font-weight: 400;\">www.retailsmartguys.com<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Or find them on <a href=\"https:\/\/www.facebook.com\/Retail-Smart-Guys-We-help-retail-stores-103292506374785\/)\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><a href=\"http:\/\/(https:\/\/theboutiquehub.com\/profile\/?pu=retailsmartguys)\" target=\"_blank\" rel=\"noopener noreferrer\">The Boutique Hub Service Provider Profile<\/a><\/span><\/p>\n<p><strong>FOR MORE ON THE BOUTIQUE HUB &amp; BOUTIQUE CHAT<br \/>\n<\/strong><span style=\"font-weight: 400;\">Join The Boutique Hub for trainings on pricing strategy, team meeting guide, retail math basics worksheet, AND the exclusive Retail Smart Guys Financial Cheat Sheets: <\/span><a href=\"https:\/\/theboutiquehub.com\/join\"><span style=\"font-weight: 400;\">www.theboutiquehub.com\/join<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Use the hashtag <em><strong>#AskAshley<\/strong><\/em> on Instagram, or tag her at <a href=\"http:\/\/www.instagram.com\/ajalderson\">@ajalderson<\/a> to suggest topics for the podcast and let us know what you thought about this episode! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Want to be our listener of the week? Subscribe if you love the show, then leave us a review on <a href=\"https:\/\/itunes.apple.com\/us\/podcast\/boutique-chat\/id1351990699?mt=2\">iTunes Apple Podcasts here<\/a>! <\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Follow The Boutique Hub: <\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.facebook.com\/boutiquehub\/\" target=\"_blank\" rel=\"noopener noreferrer\">Boutique Hub Business<\/a> on Facebook<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.instagram.com\/theboutiquehub\/\" target=\"_blank\" rel=\"noopener noreferrer\">Boutique Hub Business<\/a> on Instagram<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.instagram.com\/ajalderson\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ashley Alderson<\/a> on Instagram<\/span><\/p>\n<p><b>Original Air Date: Feb 24, 2018<\/b><\/p>\n<p>Love this episode? We would be so humbled to hear your review on Apple Podcasts or iTunes! Or, let us know below!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ready to be a better buyer and keep more money in your bank account at the end of the day? This episode is PACKED with information about the flow of inventory, data analysis, point of sale systems, merchandised plans and all the details retailers need to manage a successful cash flow and buying strategy. \u00a0Meet [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":7056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[3,408,486],"tags":[406,163,410,405],"class_list":["post-7024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boutique-business","category-boutiquechat","category-service-provider-dashboard","tag-boutiquechat","tag-buying-wholesale","tag-inventory-management","tag-podcast","pmpro-has-access"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Episode #3: Buying Strategy &amp; Cash Flow Analysis for Retail Growth | The Boutique Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theboutiquehub.com\/blog\/boutiquechat3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Episode #3: Buying Strategy &amp; Cash Flow Analysis for Retail Growth\" \/>\n<meta property=\"og:description\" content=\"Ready to be a better buyer and keep more money in your bank account at the end of the day? 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