If you are like most golf retailers, you probably need to review some basics tenets of accounting to understand accounting’s impact on some of our decisions. Specifically, we will address the Profit and Loss Statement. Rather than think about dollars on the P&L, focus on the percentages.
The first sermon relates to how we read […]
When the only tool you have is a hammer, every problem begins to look like a nail.
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Denial is more than a river in Egypt.
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I can certainly think of a lot of snide remarks about this one!
We’ re losing money, but we make up for it in volume.
First, let’s define what a Mill River Plan is. In some private clubs, members fork over $100 to be able to purchase merchandise at cost plus 10%. According to my math, that […]