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Dr. Albert D. Bates

Albert D. Bates is founder and president of Profit Planning Group, a distribution consulting firm headquartered in Boulder, Colo. He is also a consultant to the National Wood Flooring Association and a regular speaker at NWFA Conventions.
Management
Make Wise Inventory Reductions to Maintain Cash
July 27, 2010
Cash Building
Management
Bear Market: Keeping Up in a Down Economy
May 31, 2008
Hfjj08 Money
Management
Steadily Improve Your Wood Flooring Business Over Time
January 31, 2007
Hf 207 34
Management
Carefully Consider Price Cuts
Most wood flooring businesses operate under ongoing price pressures.
September 30, 2006
Hf 1006 32
Management
Improve Your Profit Forecast
Unless the company borrows money, the only capital available for growing the business is the after-tax profit that is reinvested back in the business. For the typical company, that figure was $119,000 in 2002. When this is combined with the existing asset investment of $2,439,024, the company produces a new asset base of $2,558,024. This new figure can then support higher sales. The typical NWFA member has an asset turnover ratio of:
November 30, 2003
Hf 1203 45
Management
Don't Let Inventory Trap Your Profits
September 30, 2002
Hf 1002 47
Management
Control Expenses to Increase Profits
May 31, 2002
Hf 0602 101
Management
Techniques to Improve Profit Margins
December 31, 2001
Hf 0202 39b
Management
Plan for the Highest Profits Possible
December 31, 2000
Hf 0601 103
Management
Cost Cutting: Increasing Cash While Also Depressing Profits
December 31, 1999
Hf 0200 75
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