Start up your retail business the right way.
You've dreamed it. You've talked about it. You've done the research. You've thought long and hard. Yes, you're going to do it: open your own retail business.
Partner with the proven retail experts to guide you along.
You might think making the decision to take the leap was the hardest part. But the truth is, that's just the beginning of the hardest part. That's okay. You've got the passion and the drive. Now it's time to partner with a the retail experts who have the skills and experience to help you turn your dream into a profitable reality.
We help new retailers succeed, by following proven retail fundamentals.
Making sure your business succeeds involves more than simply having a great product to sell. That's where we come in: to remind you--and guide you--with all the other stuff that'll ensure your business becomes successful.
Leverage the Power of Retail Know-How to get you started on the right foot.
When you choose me as your retail consultant, I'll help you:
- Solidify your retail niche. The most successful retail start-ups begin with a clear mission statement that carefully defines the niche you want to command and a strategy built around the shared passion between retailer and customer.
- Open your new store. Opening a new store involves managing a seemingly endless stream of details, from signing a lease all the way through Grand Opening. Many new retail ventures have arrived at opening day with an entrepreneur scrambling, "I can't believe I forgot about that!" Having a detailed timeline and checklist to guide you through those hectic weeks will help you arrive at the big day ready to take on the world.
- Identify your budgets and benchmarks. In any new venture, you must invest your capital wisely and manage it prudently. You'll need a detailed set of sales, margin, and inventory plans that will guide your purchases and provide you with critical benchmarks that you can adjust once you are open to reflect actual results and emerging trends.
- Plan, plan, plan. In retail, you need a financial plan and a merchandising plan that takes you through the first year you're in business. You'll also need a monthly cash flow plan that takes you beyond pro forma financials to provide you with a detailed cash budget and benchmarks for identifying quickly any cash shortfalls as you go along. Retailing is a cash business, so having a plan to manage your cash and being able to self-finance your seasonal cash needs is essential to success.
Would you like our help with your retail start-up?
Schedule a Discovery Session to explore working together and how I can help start off on the right foot. Leverage the Power of Retail Know-How. Schedule your Discovery Session now.