Education Resources

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Principals of Bookstore Finance Seminar

Principals of Bookstore Finance Seminar (October 3, 2018)
Content related to the education session Principals of Bookstore Finance Seminar, Fall Regionals 2018.
Topic:
  • Finance
Tags:  None

The 101-level seminar, led by ABA CFO Robyn DesHotel and Cynthia Compton of 4 Kids Books & Toys in Zionsville, Indiana, covers the fundamentals of budgeting, understanding cash flow, business financing, bookkeeping, and financial statements. The seminar concentrates on bookstore finances as opposed to bookstore accounting and deep financial experience is not required.

 

Bookselling 101: Hacking Your Bookseller Salary, With Jesse Mecham

Bookselling 101: Hacking Your Bookseller Salary, With Jesse Mecham (January 25, 2018)
Content related to the education session Bookselling 101: Hacking Your Bookseller Salary, With Jesse Mecham, Winter Institute 2018.
Watch video from this event.
Topic:
  • Finance
Tags:  None

Jesse Mecham is the author of You Need A Budget: The Proven System for Breaking the Paycheck to Paycheck Cycle, Getting Out of Debt, and Living the Life You Want. YNAB is best-known for teaching “Four Rules” to help people really gain control of their money. Jesse puts his business lessons in action by teaching attendees how they personally can change the way they think about their money. He’ll teach attendees his “Four Rules” walking them through hilarious (because they’re so true!) examples of money mistakes, and what they can do today to start having their money line up with what really matters.

Advanced Education: Succession Planning

Advanced Education: Succession Planning (January 24, 2018)
Content related to the education session Advanced Education: Succession Planning, Winter Institute 2018.
Topic:
  • Finance
Tags:  None

Pre-registration required; for owners and managers only. Registration is closed. Exiting a much-loved business can be difficult to consider, but whether you are preparing to retire or you expect to own your store for many years to come, it is important to have a plan in place for your business and to consider all succession options. A bookseller who has gone through the process of selling a store as well as a representative from a local financial group that offers business valuations will lead a conversation on how to prepare for this important step in the life of your store.

Chuck Robinson, Chuck Robinson Associates (Bellingham, WA); Mark A. Orndorff, CFA, ASA of Southard Financial, LLC (Memphis, TN); Moderated by Robyn DesHotel, ABA (White Plains, NY)

ABACUS 101: Improving Bookstore Operations Through Benchmarking

ABACUS 101: Improving Bookstore Operations Through Benchmarking (January 24, 2018)
Content related to the education session ABACUS 101: Improving Bookstore Operations Through Benchmarking, Winter Institute 2018.
AttachmentSize
PDF icon ABACUS 101413.3 KB
PDF icon Sample P&L219.28 KB
Topic:
  • Finance
Tags:
  • ABACUS

ABACUS is a yearly benchmarking survey that gathers key information and insights on bookstore financials. Stores that participate in ABACUS know how important this unique and actionable data is to their store’s long-term viability. Industry Insights, the organization that compiles and analyzes the confidential bookstore data, will offer a tutorial on the new ABACUS web portal, review key survey trends and results, and demonstrate how to generate reports to best utilize a store’s data. In addition, booksellers who regularly submit to ABACUS will explain how they have been able to implement changes based on their ABACUS report.

P.K. Sindwani, Towne Book Center and Cafe (Collegeville, PA); Michael Becher, Industry Insights (Dublin, OH); Moderated by Dan Cullen, ABA (White Plains, NY)

First Steps to Financial Peace in Business

First Steps to Financial Peace in Business (January 23, 2018)
Content related to the education session First Steps to Financial Peace in Business, Winter Institute 2018.
Topic:
  • Finance
Tags:
  • 101

Implementing a system to manage store finances is key to the survival of any business. A good financial system allows you to confidently meet financial obligations, from payroll to event budgets and more. This session will highlight a few tactics booksellers can use to create a better system to approach and manage store finances with confidence.

Kelly Estep, Carmichael's Bookstore (Louisville, KY); Christie Olsen Day, Gallery Bookshop and Bookwinkle's Children's Books (Mendocino, CA); Moderated by Robyn DesHotel, ABA (White Plains, NY)

First Steps to Financial Peace in Business (January 23, 2018)
Content related to the education session First Steps to Financial Peace in Business, Winter Institute 2018.
Watch video from this event.
Topic:
  • Finance
Tags:
  • 101

Implementing a system to manage store finances is key to the survival of any business. A good financial system allows you to confidently meet financial obligations, from payroll to event budgets and more. This session will highlight a few tactics booksellers can use to create a better system to approach and manage store finances with confidence.

Kelly Estep, Carmichael's Bookstore (Louisville, KY); Christie Olsen Day, Gallery Bookshop and Bookwinkle's Children's Books (Mendocino, CA); Moderated by Robyn DesHotel, ABA (White Plains, NY)

Principles of Bookstore Finance Seminar

Principles of Bookstore Finance Seminar (January 22, 2018)
Content related to the education session Principles of Bookstore Finance Seminar, Winter Institute 2018.
Topic:
  • Finance
Tags:
  • Owners and Managers

This 101-level seminar covers the fundamentals of budgeting, understanding cash flow, business financing, bookkeeping, and financial statements. The workshop includes a segment focusing on strategies for achieving higher profits and improving cash flow. The program concludes with an interactive group discussion, working through an example of how booksellers can use their store’s financial information to make sound business decisions. The seminar concentrates on bookstore finances as opposed to bookstore accounting, and though it is helpful for attendees to be familiar with basic bookstore finances, deep financial experience is not required.

Robyn DesHotel, ABA (White Plains, NY); Andy Perham, Books Inc. (San Francisco, CA)

Maximizing Margin

Maximizing Margin (January 30, 2017)
Content related to the education session Maximizing Margin, Winter Institute 2017.
AttachmentSize
PDF icon Increasing Margin (PDF)3.38 MB
Topic:
  • Finance
Tags:  None

An ongoing commitment to improving margins is a key to increasing bookstore profits. Focusing on freight costs, cost of goods sold, and even shrinkage can help any business improve the bottom line. Panelists in this session will help booksellers focus on successful strategies and best practices that will help guide booksellers into greater profitability.

  • Sally Brewster, Park Road Books (Charlotte, NC)
  • Cynthia Compton, 4 Kids Books & Toys (Zionsville, IN)
  • Paul Hanson, Village Books (Bellingham, WA)
  • Libby Manthey, Riverwalk Books (Chelan, WA) (Moderator)
     

The Economics of Publishing

The Economics of Publishing (January 24, 2016)
Content related to the education session The Economics of Publishing, Winter Institute 2016.
Topic:
  • Finance
Tags:  None

In this detailed financial session, publishers will walk booksellers through the Profit and Loss statement of a new trade title and the financial realities of publishing, while delineating the many factors that affect both the bookstore channel and consumers. Important P&L line items such as suggested retail price, production costs, marketing, and returns will be discussed, as will broader themes that impact the day-to-day cost of publishing.

  • George Gibson, Publishing Director, Bloomsbury USA (New York, NY)
  • Matty Goldberg, President of Publishing and Client Sales Development, Perseus Book Group (New York, NY)
  • Kirsty Melville, President and Publisher, Andrews McMeel Universal (Kansas City, MO)
  • Steven Pace, Sales Director, Workman Publishing (New York, NY)
  • Joy Dallanegra-Sanger, ABA (White Plains, NY) (Moderator)
     

Creating a Business Plan for a Successful Future

Creating a Business Plan for a Successful Future (February 10, 2015)
Content related to the education session Creating a Business Plan for a Successful Future, Winter Institute 2015.
Topic:
  • Finance
Tags:  None

A business plan is a document typically associated with launching a bookstore. However, any time you decide to make a change to your operations, it's critical to have a plan.  This session will include a review of the essentials for any business plan. Attendees will have a chance to have their own business plans reviewed post-Winter Institute by panelist Jodi Rhoden, Owner/Operator of Short Street Cakes and Teacher at Birds Eye Business Planning (Asheville, NC).

  • Jill Hendrix, Fiction Addiction (Greenville, SC)
  • Chris Morrow, Northshire Bookstore (Manchester Center, VT)
  • Jodi Rhoden, Owner/Operator of Short Street Cakes and Teacher at Birds Eye Business Planning (Asheville, NC)
  • Annie Philbrick, Bank Square Books (Mystic, CT) (Moderator)

About ABA

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.

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