Attendees at this year’s International Jewelery Fair (19-21 August) will have the opportunity to attend a special presentation led by National Jewelers 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 jewelry business and offer invaluable insight into profitability and performance.
Pocklington will discuss the importance of leveraging the seven ‘most important numbers’ for any jewelry 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 Jewelers,
“My aim is to demystify the three most essential methods of valuing a business: asset method, capitalization method, and discounted cash flow method.”
Standing out among a crowded market is one of the most common challenges jewelers 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 – you shouldn’t miss out because it will revolutionize the way you perceive and operate your retail jewelry business.”
National Jewelers 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 organizers 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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