One of the most common mistakes I see with small retailers is the failure to analyze sales revenue. They may know top line sales and bottom line profits, but don’t take the time to understand the exact composition of sales. Learn how tracking Key Performance Indicators can help you find extremely important -and easy- ways to increase revenue.
I was listening to the music from Hamilton today and it occurred to me that there are a lot of lessons independent retailers can take from the show, it’s creator and it success -- as they create their own game changer – a retail renaissance.
No matter how good we are at running our businesses, there is almost always some obvious little tweak we can make to improve it. Here are a couple of stories about how missing the obvious was hurting two small shops.
How my 3-Step Success Stack works People ask me all the time how I help my retail and restaurant clients achieve transformation in 90 days. Today, I'm happy to share that process and I guarantee you, It's not what you think! Would you like a copy of my Success Stack cheat sheet? https://www.angelcicerone.com/success-stack
The daily routine of running a small retail store or restaurant can lead owners into to a serious rut where the flow of ideas just stop! That can be pretty scary place because new ideas are the heartbeat of small business. It's always a good idea to learn how to recognize when you're stuck and have a plan to get the juices flowing again.
There are four important questions that every small retail or restaurant owner should have the answers to. They are about understanding the essence of your business and your relationship with it. While I won’t call them magic questions, their answers will certainly bring clarity to your business and life and that’s an amazing gift!