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What is Gross Profit?

What is Gross Profit and how much should I be earning?  Gross profit is a financial term referring to the direct result of sales...

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Rent

How much should I be spending on rent?  Everyone knows the old saying about rent and retailing:  “It’s all about location,...

The Basics to Valuing Music Stores

Given current market conditions, every business owner needs to know the value of their business. Whether it’s for sale or acquisition, family...

Music By Numbers (90-Minute Lunch & Learn Session)*

If you can read music, you can certainly learn to read a financial statement. If you can read tab or follow a chord chart, you can easily read a...

Your Business Budget: Plan to Make a Profit!

Presented by Alan Friedman and Daniel Jobe, Friedman, Kannenberg and Company, P.C. You’ve planned your instrument purchases for rental season;...

The Key to Buying Music Product Inventory

Location: Idea Center, Hall B Booth 5501
Time:
Thu January 15, 11:30 am

Look around your store and what do you see? Too many guitars and amps, too few accessories, the wrong mix of print music, unrented band instruments on the shelves, obsolete pro audio gear collecting dust and aging pianos racking up flooring costs. How does this happen? In this updated session, you will learn how to buy the right music product, quantity and mix, at the right cost and payment terms. Alan Friedman, a CPA with several music dealer clients, will give you the secret to making smart inventory buys.

©2010 NAMM, the National Association of Music Merchants