What is GMROI?
Are you a music store owner with a lot of inventory and a lot of cash flow problems? Do you often wonder where your money is going each month, and why you still can’t take a decent owner’s salary? If the answer to these questions is “yes,” you probably don’t know what your GMROI is. This great analytical tool is for you! Regardless of if you have to calculate it by hand (even though your Point-of-Sale software will probably do this for you), tracking GMROI can revolutionize the cash flow of your business.
How to Calculate GMROI