I thought the whole thing over carefully, and it seemed to me that what
I had to do was, first of all, to analyze my stock and see if there were
any items in which I was too heavily stocked, and if so to reduce that
stock as soon as possible, and then put the money realized in other
goods that would turn over quickly. I could see that that would increase
the entire stock turn-over, at the same time increasing total sales by
substituting new, fast-turning, stock for the excess stock in the lines
I then had, and this would mean reducing my percentage of expense.
The accountant had remarked that increasing the turn-over was the big
secret of meeting rising costs, and I would see that he was right. My
head was in a whirl with percentages, costs, selling prices, gross and
net profits, turn-over, increased cost of goods, higher prices of labor
and a lot of other things going through it like a merry-go-round.
I decided that the next step was to arrange a definite system of keeping
track of expenses. I would divide the expenses into different classes
and see that no single class of expense exceeded a certain limit which I
would set for it.
Next, I would build up a logical advertising campaign. Talking with
Fellows had converted me to the value of advertising. I had asked him if
there was ever a time when a man could afford to stop advertising. He
replied, "Yep, a man can afford to stop advertising when he can afford
to be forgotten!"
Then I would find some way of getting my help--I had five people at the
time--to work better for me than they seemed to have been doing. They
seemed to look upon me as a joke. I didn't know that I could blame them,
for I certainly felt like several kinds of joke myself.
The accountant on looking over my expenses had thought that my salary
roll was too high. I told him that in that case I would cut salaries all
round. His reply was, "I wouldna do that if I were ye. A more deesirable
plan would be to see if ye canna adjust your affairs to give them more
money"--I gasped at this--"and reduce the number o' your employees."
I hope I never have to go through another two weeks like the first two
after I bought the store. I was only a boy when Aunt Emma died and left
me the money, but I think I grew up quickly--at least Betty said so. She
thought it did me good.
When she told me that, I cried with amazement:
"Doing me good?--to lose all that money in two weeks!"
"Yes, indeed," she declared, "you're just beginning to realize that
you've a lot to learn, and you're much nicer to be with than you were
before." She gave a funny little smile, as she continued, "You know,
boy, you were awfully conceited--you're awfully conceited now; but I'm
glad to notice that you're not so dead sure of everything as you used to
be!"
"Betty!" said I . . . But what happened then is nobody's business but
mine--and Betty's.
CHAPTER VII
GETTING DOWN TO WORK
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account