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Posts tagged Retailer
Know your Employee
Oct 2nd
Retailers lose between 1% and 3% of annual sales to employee theft. The amount depends on the nature of retail business.
Stop employee theft starts with early detection and that starts with awareness of the indicators that employee theft can be prevented.
Some workers of stealing a few dollars a day, while others focus on much larger amounts.
Here are five signs that employees can steal your retail business: More >
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Retailer vs. Giant Store, when mini-me fight King Kong
Mar 18th
Small independent retailers and often feel powerless when a large national retailer opens nearby. There was no match for their scope, buying power, advertising or news coverage.
The size of a domestic competitor is what scares the smaller retailers. It is quite often for them to give up and close the company.
Here are five tips for small businesses on how to confront and resolve with a national retailer in the area:
No competition. By not talking about competitors’ prices against them or pitching your company in any way, you separate. Although they may be similar products, it is unlikely to meet your specific business needs, so why target. Rather focus on your own business.
No competition should not advertise the price, do not talk to her competitor during staff meetings, do not extend your offer to sell what they sell and not obsessed by them.
Run a better business environment. When you hear of a new national retailer coming to town, look at all aspects of your business opportunities for improvement. From the depths of struggle against the fine police optimize your processes, train employees, purchase equipment and appearance of the company. Improve your business from the inside. This will improve the health of your business and help you overcome challenges that may lie ahead. More >