Visitors at this year’s International Jewellery Fair (19-21 August) will have the opportunity to learn how to answer this question - and more - when they attend a special presentation led by Nationwide Jewellers managing director Colin Pocklington.
The presentation – ‘What is my business really worth?’ – will be a guide through the crucial process of understanding the value of your jewellery business and offer invaluable insight into profitability and performance.
Pocklington will discuss the importance of leveraging the seven ‘most important numbers’ for any jewellery store to improve its value.
“Understanding the value of your business is not just a number on paper; it is a key indicator of its profitability and overall performance,” Pocklington told Jeweller.
“My aim is to demystify the three most essential methods of valuing a business: asset method, capitalisation method, and discounted cash flow method.”
Standing out among a crowded market is one of the most common challenges jewellers face, and Pocklington says that the expertise gained from this session will set attendees up for success in an ever-changing retail environment.
“In an era where retailers must adapt to rapidly changing market dynamics, understanding the true worth of your business is not a luxury; it is a necessity,” he added.
“This session will empower attendees to unlock the secrets of business valuation and harness the power of the seven most important numbers. I’d recommend everyone who has the time to participate do so – you shouldn’t miss out because it will revolutionise the way you perceive and operate your retail jewellery business.”
Nationwide Jewellers is Australia’s largest buying group, representing 376 members and 420 stores across three countries, with 306 members in Australia, 69 in New Zealand and one in Fiji.
Event organisers recently announced a special presentation from the Attorney General’s Department on legal reform to money laundering and counter-terrorism financing laws will also take place. This year’s Sydney Fair is expected to be the largest in a decade.
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