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


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


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


PREPARE FOR TAXES

RUN THE RIGHT REPORTS

1


MR095: Tax Report MR156: Tax Collection Summary MR080: Register Summary

PREPARE FOR TAXES

1


ANALYZE INVENTORY TRENDS

ANALYZE 2016 INVENTORY TRENDS TO PREPARE FOR 2017

ORDERING

2


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


2


Perform FULL Inventory Count (MI025) Order New Products with help of Automatic Purchase Order


2


SET NEW GOALS

ANALYZE LAST QUARTER’S STATISTICS TO SET-UP 2017 TEAM & INDIVIDUAL GOALS

3


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


SETUP CLIENT LOYALTY PROGRAM

SET-UP NEW (YEARLY) LOYALTY PROGRAMS & REFRESH MARKETING EFFORTS

4


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


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!!


CONTACT USFor Information about Millennium or Meevo

[email protected]

For questions about today’s [email protected]

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best practices for closing out the year right - 11/16/16

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