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Added for You - Opening Your Dollar Store - Watch Out for Business Changes!
Students of my presentation training often tell me one of the “pearls of wisdom” they value most is learning how to distinguish between a performance and communication orientation.Speakers with a performance orientation view audiences as critics who are judging how they make their presentation. As a result, these presenters become over-focused on their wording and delivery. Presenters with a com
The buzzword these days is “relationship” marketing. Just what is it? And why is it important? Relationship marketing is so much more than “networking. It’s gathering support of your friends, peers, and business contacts. It’s developing strong, lasting, unique relationships with your most valuable asset, your customer. It’s what keeps people “coming back for more.” It’s an excellent way to shorten the t
There are many aspects of the business that need to be examined. Start with the traffic and demographics of the surrounding area. Have there been significant changes in traffic flow into the store, flows in main streets and into the parking lot? How about tenant businesses in the immediate area? Have there been and significant changes especially with surrounding anchor businesses? Invest the time to really collect data and then to analyze that data for changes since opening your dollar store.
Next examine sales data. This should include total sales as well as by-department sales results. Have there been significant changes? Have new departments risen to the top and former top selling departments dropping to the bottom? What are the reasons for those changes? Are there problems associated with those changes? Are actio
When presenting a battle plan to the Pentagon the presenter must understand that the Pentagon has some of the most advanced war planners in the history of mankind. Most of these Pentagon war planners have read nearly every book written on military history and battle tactics.Most of these war planners have not only been in combat in the heat of battle when chaos and controversy rule the day, but t
There are many aspects of the business that need to be examined. Start with the traffic and demographics of the surrounding area. Have there been significant changes in traffic flow into the store, flows in main streets and into the parking lot? How about tenant businesses in the immediate area? Have there been and significant changes especially with surrounding anchor businesses? Invest the time to really collect data and then to analyze that data for changes since opening your dollar store.
Next examine sales data. This should include total sales as well as by-department sales results. Have there been significant changes? Have new departments risen to the top and former top selling departments dropping to the bottom? What are the reasons for those changes? Are there problems associated with those changes? Are acti
I like to find examples of companies who offer what the French Creole refer to lagniappe…a little extra. I contend that the best companies are the ones who offer a little extra in their service…something that sets them apart.I found this recently in Nashville, Tennessee.I was to speak to a breakfast meeting to a group there and needed to find a location near the venue. I went on line and “
Next examine sales data. This should include total sales as well as by-department sales results. Have there been significant changes? Have new departments risen to the top and former top selling departments dropping to the bottom? What are the reasons for those changes? Are there problems associated with those changes? Are acti
So how do you make extra money without working in a regular wage job. Sure if you save X dollars per hour in 4 weeks if you do not spend much you will have X times 4 dollars (weeks worth).But how would you like to make much more than that. More than that without getting into things that are bad for you. Well here is how you do it:Find something you like to do and help a neighbor, one that y
Next examine sales data. This should include total sales as well as by-department sales results. Have there been significant changes? Have new departments risen to the top and former top selling departments dropping to the bottom? What are the reasons for those changes? Are there problems associated with those changes? Are acti
Has this ever happened to you: You have been working at a particular job for a few years. It’s not the greatest job and it hasn’t always allowed you to capitalize on your unique gifts or talents. But it’s ok, and it pays the bills. The job has become a part of your life’s routine.Then one day, without any forewarning, you’re let go. In what seems like a split second, you go from being gainfull
Operating data is the next to be examined. This includes looking for changes to business operating hours, store layout changes, and other daily operational details. After opening your dollar store it is important that most operational aspects of the business remain systematized. Any changes should be made only after supporting data says that those changes are appropriate. If changes are found that were not planned, understand not only what drove the change to be made but also how a part of your operating system could change without proper data and planning.
How about on the staffing and personnel front; have changes occurred? Have there been any key player losses or gains? Has the reporting structure changed? When opening a dollar store staffing is a key expense that needs to be caref
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