ABA presents this 101 level workshop for all member booksellers looking to understand financial operations of the bookstore. Lay the groundwork for achieving higher profits and improved cash flow in your store by learning a range of essential financial concepts and procedures.
The full-day workshop will be led by Robert Sindelar, managing partner of Third Place Books in Seattle, Washington, and ABA Chief Financial Officer Robyn DesHotel. While it will be helpful for attendees to be familiar with basic bookstore finances, deep financial experience is not required.
The workshop will cover the fundamentals of budgeting, cash flow forecasting, business financing, bookkeeping, and financial statement analysis, and will also cover strategies for improving profitability and cash flow. There will be an interactive group discussion, and practical advice will be given about how to integrate everything you’ve learned towards the goal of making sound business decisions.
Registrants will receive materials that they agree to review before the event.
The registration fee is $85 per person and includes lunch; limit three booksellers per ABA member-company. Space is limited.
The American Booksellers Association, a national not-for-profit trade organization, works with booksellers and industry partners to ensure the success and profitability of independently owned book retailers, and to assist in expanding the community of the book.
Independent bookstores act as community anchors; they serve a unique role in promoting the open exchange of ideas, enriching the cultural life of communities, and creating economically vibrant neighborhoods.