The jewelry industry is a competitive, fast-paced environment. As a store principal, you likely spend considerable time working through the daily challenges of business management... hiring, buying, financials, sales, customer service ... and you probably have little or no time to think about the future of your business….
imagine a better way to run your jewelry business
have more time to spend with your family
increase sales by 15% next year
don't have to worry about cash flow
hit that next major milestone you've always sought
complete a succession plan for your business
The Edge Retail Academy provides expert advisory (consulting) services to help with all facets of your business including inventory management, staffing, sales techniques, financial growth and retirement planning. We can help you use The Edge to its full potential and achieve the success you deserve.
these services pay for themselves within months. we are reallocating monies wasted on ineffective inventory, staff, and marketing to become highly productive.
the business academy program
It starts with understanding the health of your business. By utilizing the power of The Edge, we analyze major Key Performance Indicates (KPIs) that point to your store’s current challenges and future opportunities.
your business advisor then digs into the numbers and, based on your goals, we jointly create a plan to
make adjustments to current inventory
prepare an Open-to-Buy for upcoming trade shows
integrate your system with financial software like QuickBooks
assess your sales team, setting goals and reinforcing the right behavior
recruit more effectively and better training of your sales professionals
We find we are not working any harder. We just work smarter.
we use some key data from your Edge system (in most cases, you won’t need to do anything to get this to us)
we organize the info and present our findings in a 20-30 minute phone call
you decide if you want to work further on any of our recommendations
The Business Performance Review has a value of $495. If your store has not had one previously, the Edge Retail Academy will conduct a Business Performance Review and waive the fee.
What our customers say about Business Academy programs
“ Our business advisor has provided us the tools to carefully monitor our inventory levels by category, vendor, and age. When our inventory is out-of-balance or aged, we have developed processes with ERA to work closely with our vendors to rebalance. This focus on healthy inventory levels and aging has resulted in a double-digit revenue and profitability increase over the last year. ”
- Kristen Laughter, Parker’s Karat Patch, NC
“ The Edge Retail Academy has been has been an invaluable source of information and guidance on every level of our business. From hiring to inventory control to employee management, our Business Advisor has been a tireless advocate. Concrete procedures and interpretation of data are stressed, all with the expressed goal of improving our bottom line. ”
- Brad Hart, Hausers Jewelers, VA
“ The Edge provides us with easy access to the inventory information we need to make Data Driven Decisions. Our Edge Retail Academy adviser presents strategies and data we wouldn't have known existed. This approach has put a full-stop to in-house debates and emotional attachments to the merchandise. We shut our eyes and ring it up! We have learned how to use every trick in the book to reduce our aged inventory by seven figures in less than a year. ”
- Linda Mueller, Braunschweiger Jewelers, NJ
“ Since we signed up, we’re more confident, making wiser marketing decisions, buying smarter, and feeling more accountable. They matched us with the perfect mentor who shares our passion and understands the challenges that we’re facing in today’s market. The Edge Retail Academy leads us in the right direction, helps our business grow and ensures we meet our goals. We definitely recommend The Edge Retail Academy! ”
- Kim Nguyen, Unique Jewels, Webster, Texas
“ Jewelry has been a part of our family DNA for over 100 years. When we finally took time to ask 'What are our dreams and goals for the next generation?' we found The Edge Retail Academy to be absolutely invaluable.
They have an ability to view our business with fresh eyes and guide us through decision-making with professional expertise, as well as a sense of humor! Over the course of this past year our Board meetings have become more productive, as problems get resolved effectively, ideas get channeled into actions, and optimism fuels new energy. ”
- Sheryl DeScenza Tacy, DeScenza Diamonds, MA
“ Since joining The Edge Retail Academy two years ago, we have doubled our business and are growing at a great rate again this year. I have a much better understanding of the workings of our business and no longer feel like it’s a runaway train that I have no control over. ”
- Richard Bennett, P.K. Bennett Jewelers, IL
“ The information available allows me to minimize my buying mistakes and maximize my profit. I now have the tools to actually be a good buyer instead of just flying by the seat of my pants. I can see a way out of the cash-short issue that every independent retailer experiences. In short, I now know I cannot afford NOT to participate in the Edge Retail Academy. ”
- Lyn Hoppe, R. Hoppe Jewelers, IN
“ When my wife and I began thinking about a succession plan for the family business we quickly realized we needed help. Edge Retail Academy came to the rescue once again with professional and experienced succession experts that guided us through the tricky process. They not only spent time finding out about our wishes, but they also interviewed other family members to make sure they understood how the process would work. We feel very comfortable and reassured that this succession is set up to succeed from the start. ”
- Van Simpson, Tara and Co. Fine Diamonds, AR