At the newsXpress newsagency marketing group national conference earlier this week on the Gold Coast the newsagency business cash-flow planning workshop proved popular. Over the two sessions more than 60 newsagents participated with more interested but space not available.
The CPA (with newsagency cash-flow planning experience) running the event was surprised at the lack of cash-flow planning undertaken by newsagents. He shared advice and a template for undertaking this to better inform business decisions.
He also provided time saving tips for getting daily business data into your accounting system – sharing insights from the businesses he does the accounts for.
Other popular workshops included lease negotiations, high-GP product supplier insights and success stories form other newsagents.