Retailer Survival Guide: managing cash flow from September to November
The Resilient Retail Game Plan · Resilient Retail Club's Catherine Erdly
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Show Notes
In this episode of the Resilient Retail Game Plan podcast, I tackle the challenges retailers face from September to November, focusing on cash flow management and strategic stock handling.
I delve into the reasons behind the cash flow pinch during this period, such as holiday season stocking and payment timing issues. I share practical advice on delaying expenses, collecting owed payments, and using detailed cash flow forecasts. I also introduce my 'Stock Doctor' service to help manage underperforming stock and emphasize the importance of balanced inventory year-round.
Tune in for actionable insights to navigate cash flow challenges and boost your retail success during the holiday season.
[00:00] The Seasonal Cash Flow Crunch
[00:33] Understanding the Retail Cash Flow Pinch
[02:15] The Impact of Holiday Preparations
[05:39] Strategies for Managing Payments
[09:20] Creating a Sales and Stock Plan
[10:46] Importance of Cashflow Forecasting
[12:09] Optimizing Stock for Better Cashflow
[13:03] Strategies for Managing Excess Stock
[13:41] Planning for Seasonal Inventory
[15:36] Final Tips for Cashflow Management
[17:03] Resources and Support
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