More by This Author

5 Essentials for Music Retailers thumbnail

5 Essentials for Music Retailers

In this clip, Alan describes what he feels to be the five essential components of any music retail business.

Selling Yourself to the Bank

Presented by Alan Friedman and Daniel Jobe, Friedman, Kannenberg & Company, P.C. When it comes down to it, banks have two objectives:...
What are Inventory Turns? thumbnail

What are Inventory Turns?

In simple terms, "inventory turns" refers to the number of times you sell your entire inventory, in dollars, over a 12-month...

The Key to Managing Music Product Inventory

You’ve identified the product your customers want, you’ve stocked the shelves and you have a great sales team. But cash is still tight,...

Back to Basics: DNA of a Successful Music Store

Even though most music retailers are selling similar products and offering similar services, the way each retailer goes about their business is as...

Financial Management for Music Stores

Welcome to the Financial Management for Music Stores course.  Join Alan Friedman, Friedman, Kannenberg & Co. PC, as he covers the essential financial tools and ways to manage your retail store's finances and increase your financial ease of doing business. 

Once you've completed the course, you can take a brief online test (that includes videos and training materials) to receive a Certificate of Completion. 

Directions to take the Financial Management for Music Stores certification test: 

1.  To begin the test, please click on this link:   http://namm.rollbook.com

2.  Click on "Sign up for a new account" to self register.

3.  Click on the Catalog tab in order to choose the Course.

4.  You can start and stop at any time, and resume the testing module from where you left off during your previous visit.

5.  Print your Certificate upon successful completion of the test.

Alan Friedman is a CPA and Senior Partner with the accounting firm of Friedman, Kannenberg & Company, in West Hartford, Connecticut..  Alan and his firm have extensive experience in providing accounting, tax and consulting services to the music industry, servicing professional musicians and bands, music stores, instrument and product manufacturers, recording studios, music schools and other music industry professionals. Alan has written for International Musician, Music Inc. and Music & Sound Retailer magazines. Alan’s firm is a member of the National Association of Music Merchants (NAMM), the Retail Print Music Dealers Association (RPMDA), the National Association of School Music Dealers (NASMD), the American Music Conference (AMC) and the National Association of Certified Valuation Analysts (NACVA).  http://www.fkco.com/ and Music Trade Articles: http://www.fkco.com/resources/music-trade-articles

Note:  Information provided in any NAMM course is not a substitute for financial or other professional advice. Please make sure to check with your accountant or other advisor(s) with regard to how these financial practices can be used in your specific business. 

©2010 NAMM, the National Association of Music Merchants