I was reading an article this week regarding the sales crunch that many businesses put themselves under during the last quarter of the year as a means to make up for the first three quarters. Think that will business as usual for 2009?
Last weekend, we watched as Phil and Tiger attempted to make up for the first three days of missed opportunities with incredible drives and putts during the first 16 holes on day four just to fall short of their goal as Masters champions.
On Monday, we here at CMI reviewed the status of clients who have not fully implemented pricebook at their stores and of prospective clients who have not yet committed to implementing a retail accounting system at all. Waiting for the 4th quarter to make up for lost sales is akin to not putting yourself in a competitive position on the first three days of The Masters. However, failing to win a green jacket pales in comparison to a failing business.
The first quarter of the year has just passed. Are you waiting for the 4th quarter to automate your accounting and store processes with a sound pricebook and inventory management system? As the great Yogi Berra once said, “90% of putts that are short don’t go in.” Begin making an effort now to ensure your business does not fall short for 2009.
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