In the world of music retailing, everyone is afraid to use the “F” word: finance. Why? Because many retailers believe that when you borrow money to stock inventory, you’re bound to get yourself in trouble with high interest rates and debt service payments. In reality, debt can be used strategically to boost sales, increase cash flow, minimize interest charges and avoid the damaging costs associated with aging inventory. Music retail financial gurus Alan Friedman, CPA, and Daniel Jobe of Friedman, Kannenberg & Co.—a firm representing hundreds of music retail businesses—will reveal easy ways to leverage debt for increased profitability and cash flow. Using the “F” word is astute and nothing to be ashamed of!
Friday January 23, 2016 4 PM