Yamaha Financial Advantage Seminars Give Dealers An Extra Edge

3/25/2014 [Corporate]

Alan Friedman at the Financial Advantage program in 2013.

BUENA PARK, Calif. — Yamaha today announced the schedule for its popular Financial Advantage program, a free two-day interactive workshop that helps authorized Yamaha Keyboard, Band & Orchestral and Pro Audio & Combo dealers get the most out of their businesses. This year’s program will be held on June 17 and 18 in Las Vegas.

Regardless of the state of the economy, music product retailers have always faced unique challenges–particularly those who run their own businesses. With that in mind, Yamaha Corporation of America continues its tradition of dealership investment by offering Financial Advantage seminars.

The intensive program is offered annually and incorporates fictional case studies, role-playing and other interactive elements to help dealers navigate the financial challenges facing their businesses today. Topics covered include rentals, business valuation, balance sheets, improving profitability and cash flow, along with inventory management.

Music industry veteran Alan Friedman, CPA and Partner with Friedman, Kannenberg & Company, P.C., leads the Financial Advantage seminars. A musician, noted author and commentator on retailing issues in the trade and national media, Friedman provides expert accounting, tax and consulting services for the music products industry.

"Attendee reviews and evaluations from prior events have been very positive," said Roger Eaton, director of marketing, Band & Orchestral Division, Yamaha Corporation of America. "The materials covered in Financial Advantage are presented in an approachable, easy-to-understand manner. People really seem to enjoy their time, and they walk away feeling as if they’ve actually learned something they can apply to their business. We try to help our dealers make financial decisions based on fact and knowledge, not assumptions."

Ashley Cochran of Fort Bend Music Center said, "I’m very visual, and the workshop kept me engaged; it was practical and useful." James Andrews of Andy’s Music praised the "excellent materials" and added, "as always, Yamaha invests in their dealers, and we appreciate it!" According to Erich Rusch at Instrumental Music Company, "I learned a great deal about the financial side of things and inventory checks. I had a great time."

In the 28 years that Friedman’s CPA firm has served the music retailing industry, he said that "I rarely see a supplier incur the kind of significant recurring cost Yamaha does in providing its dealer stores with quality business and financial education. We continuously receive feedback, from new and seasoned retailers alike, that they learned something valuable and practical in the class. This is a true win-win for everyone involved."

Interested dealers should contact their Yamaha District Manager for details. For more information, please visit http://4wrd.it/YamAdvantage

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