best practices for closing out the year right - 11/16/16
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Best Practices For Closing Out Your Year
Millennium Systems International
millenniumspasalon.com | meevo.com
Ruth GonzalezEducation Specialist
Millennium Systems International
Ruth Gonzalez has a background in International Business. Prior to becoming a member of the Education team, she worked as a Business Support Specialist here at Millennium. As a Learning
Specialist, she is responsible for the internal and external education of the company.
YOUR PRESENTER
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GOTOWEBINAR OVERVIEW
• All attendees are muted upon entry to the webinar
• The webinar is in “listen only” mode for attendees
• If you have questions for the presenter(s) or host, please enter them into the
“Questions” box in the panel on the right hand side of your screen
• At the end of this webinar, please take some time to fill out the brief survey
that will be sent to you via e-mail
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MR095: Tax Report MR156: Tax Collection Summary MR080: Register Summary
PREPARE FOR TAXES
1
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ANALYZE INVENTORY TRENDS
ANALYZE 2016 INVENTORY TRENDS TO PREPARE FOR 2017
ORDERING
2
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Run Slow Moving Inventory Analysis (Discontinue Slow Moving Inventory & Mark Products on Sale)
Run Model Quantity Wizard to Increase/Decrease Model Quantities
Double Check All Model Quantities, Order Points, & Order In Quantities Of – Analyze using MI047: Inventory Sales/Usage History
ANALYZE INVENTORY TRENDS
2
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Perform FULL Inventory Count (MI025) Order New Products with help of Automatic Purchase Order
ANALYZE INVENTORY TRENDS
2
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SET NEW GOALS
ANALYZE LAST QUARTER’S STATISTICS TO SET-UP 2017 TEAM & INDIVIDUAL GOALS
3
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Utilize MA200: Growth Indicators Analysis to Analyze Last 6 Month’s Statistics
Increase Goals by Realistic Numbers for Team & Individuals (Set Goals on Growth Indicators --- NOT Sales!)
Set New Incentives, Contests, Etc. Discuss New Goals with Each Employee & Team – Ask Them
What They Need To Accomplish These Goals
SET NEW GOALS
3
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SETUP CLIENT LOYALTY PROGRAM
SET-UP NEW (YEARLY) LOYALTY PROGRAMS & REFRESH MARKETING EFFORTS
4
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TAKE INTO ACCOUNT OUTSTANDING LIABILITIES
BLACK FRIDAY TO CHRISTMAS ARE THE HIGHEST LIABILITY-SELLING TIME OF THE
YEAR. MONITOR YOUR OUTSTANDING LIABILITIES & PREPARE YOUR BUSINESS
FOR THEM!
5
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MR129: Liabilities Summary MR127: Unused Package/Series MR126: Liabilities About to Expire
TAKE INTO ACCOUNT OUTSTANDING LIABILITIES
5
Get clients back into your business – an unused liability isn’t as profitable as you may think. Get clients into your business for opportunities to rebook, up-sell, cross-sell, add-on & referrals. Turn gift card clients into core clients with high lifetime values!!
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CONTACT USFor Information about Millennium or Meevo
sales@millenniumsi.com
For questions about today’s presentationeducation@millenniumsi.com
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