As we come to the end of the summer, independent retailers are increasingly focused on the last four months of the year. Many are looking for their sales to finally turn, while expecting the retail competition to be ferocious. Learn the 2 things independent retailers need to focus on.
As a small business, regular shoppers symbolize the well being of your store and keep you from going out of business. They can help to protect your retail shop from the takeover of the bulk retailers. Learn why good customer service should be a priority for your retail store.
Cash flow is an on-going challenge for independent retailers, as it is for many small businesses. Here are 6 tips that can help you increase cash flow of your retail store and drive more dollars to the bottom line
If you are thinking of opening a store, what would set you apart from any potential competition? What will be your competitive edge? Learn what is the competitive advance of independent retailers
Businesses often branch out to some other segments or niches, and small businesses are no exception. With all the branching out, it is imperative that you understand how each part of the segments contribute to your overall business. Start by asking yourself these questions
Financial health requires a commitment to proven retail business fundamentals, a commitment to operational discipline, and a heightened attention to detail. Learn the core retail fundamentals that drive exceptional cash flow, for retailers of all sizes.
If you’re like most independent retailers, inventory represents your single largest investment. Carrying inventory not only ties up cash that could be held for other purposes, but also creates costs of its own. Learn some of the retail inventory carrying costs
Are you thinking about opening a store for business? Here are some things to consider if you are planning about opening a store.
Independent retailers are now finding it hard to carry inventory, only to mark it down later. Learn how to sell a sense of urgency in your retail store.
To win the business, you must learn how to write persuasive business proposals. Read our advice on what our reader who wants to open a flower shop in a resort must do to write her proposal and win the business.