For many entrepreneurs, the bulk of their retirement savings are in their physical business. It is very common for entrepreneurs to plan for a golden parachute or sale of their business upon retirement. All the equity built up would translate into cash for retirement. The problem as we are seeing in today’s marketplace is that entrepreneurs cannot control the economic …
View Post
So many major retail store brands have filed for bankruptcy over the last 2 years including brands like Sears, Toys R Us, Mattress Firm, Claires, etc. Is the retail store model dead? What is causing so many of these once iconic brands go bankrupt or close down massive number of stores? 2018 and the start of 2019 has seen announcements …
View Post
You might be expecting a building metaphor – something about how building your business is like building a Lego project, but this blog is simply about looking at how mimicking winning retail sales strategies can be a way to get more paying customers in your store. Building the foundation of your retail store’s growth strategy Growing your retail business …
View Post
Today, as companies find it harder to differentiate their products and services, and customers demonstrate less brand loyalty than ever before, the ability to deliver superior customer service and experience is the key to maintaining a competitive edge. Many entrepreneurs immediately turn to price discounts as a way to differentiate and gain customers. Reality is however, you can only go …
View Post