For many retailers, "managing people" is their weakness. You probably started your business because you love what you sell. Buying the merchandise and doing beautiful displays in your store is fun. Planning events and promotions and the marketing to go along with them lets your creative juices flow. You may even have an accountant or [...]
For many retailers, buying is the “fun” part of the job, but it can be stressful. You probably got into your business because of your love of the product you sell. Picking out items that you love and putting them together in the store can be so much fun. Then comes the hard part [...]
“If I could only remember that I cannot remember, my life would go much smoother.” - Cris Willis Too many times in my business life, this has been my motto. Especially when it came to remembering the details of past events and promotions. I would always think that I would remember everything that [...]
“If you fail to plan you are planning to fail.” - Benjamin Franklin Are you “flying by the seat of your pants?” Are you making decisions each day to get through the day and hoping to find the time “someday” to think things through and plan? You must prepare for the Holiday [...]
This Blog Post is a compilation of writings from Bob Negen with WhizBang! Training and my personal experience in retail. The Retail 4th Quarter is upon us, and it is time to get motivated and plan for your success. Success is more than just higher sales; it is higher profits, an engaged [...]
Can you hear that? If you listen closely, you can hear the Christmas bells already ringing. Are you ready for the 4th Quarter? You need to STOP, THINK, and PLAN NOW if you want to have a successful Holiday Season in your retail store. Whether you are pumped up, cautiously optimistic, nervous but hopeful or [...]
All kinds of people crave attention. If you give people lots of attention, praise, pats, undivided focus, and warm fuzzy feelings for doing good stuff, they are less likely to do bad stuff. In other words, catch them doing something right Stephen Covey, the author of The Seven Habits of Highly Effective [...]
Get rid of that stale, dead inventory, and plan your future purchasing through Gross Margin Formula! Have you ever asked yourself, "If business is so great, then why am I not making any money?" Maybe your accountant or tax return says you are making a profit, but it's not reflected in your bank account. This [...]
Calculate your Turn Rate and plan your inventory for the rest of the year! Are you asking yourself, "How Much Inventory Should I have on hand Right Now to Make My Sales Goals?" Well, to fix this problem, you need to know your Turn Rate! Your greatest source of increased cash flow comes from increasing [...]
So, you are open to public walk-in traffic or making plans to open your store. Have you thought through all of the aspects of your “new normal”? Here are some key things to put on your to-do list. After speaking with hundreds of retail stores across the country over the last month here is [...]
