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Inventory Management thumbnail

Inventory Management

Why is inventory management important?  Like all other business owners, executives and managers, music retailers have the inherent...

Understanding Financial Management  thumbnail

Understanding Financial Management

Alan Friedman talks about today's competitive marketplace, and why it’s imperative for music store owners to be able to generate,...

Best in Show Breakfast Session (NAMM Show 2009) thumbnail

Best in Show Breakfast Session (NAMM Show 2009)

Many attendees caught the final NAMM University Breakfast Session to find out the show's must-see products, selected by the panel members....

The Key to Buying Music Product Inventory

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...

Finance and Business Principles thumbnail

Finance and Business Principles

Welcome to NAMM’s Financial Management web resource.  This site is intended to provide you with an online educational resource for...

Your Business Budget: Plan to Make a Profit!

Location: NAMM Idea Center, Booth #5501 in Hall B
Time:
Thu January 14, 2:30 pm

Presented by Alan Friedman and Daniel Jobe, Friedman, Kannenberg and Company, P.C.

You’ve planned your instrument purchases for rental season; you’ve planned your accessory buys for the holiday season; and, maybe you’ve even planned for a rainy day. But have you planned to make a profit? You would never build a house without a blueprint, so why would you run your business without a budget? By creating and diligently using a budget, you can practically assure profitability for your store instead of just “hoping for the best.” Join music industry consultants Alan Friedman and Daniel Jobe as they walk you through a simple but effective budgeting tool for today’s music retailer.

 

©2010 NAMM, the National Association of Music Merchants