Higher Profits from Best Practices in Retailing.

Agenda:

1. Profitability improvement: How to improve your profits by focus.
2. Purpose of the business: Money and motivation for the business.
3. Plan: Building a business plan, identifying strengths, Weakness and Focus Areas.
4. Property & Place: Location identification, Expand by location, Size, Interiors etc
5. People (Customers): Building personas, understanding the target customer, etc.
6. Products: Inventory Management Techniques, Stock to Sales, Improving stock turns, Pricing, Slow moving stocks, Open to Buy.
7. People (your staff): Recruitment, Training, Motivation, Salary Structure, Incentives.
8. Processes: Identifying Improvement Areas, Set up Standard Operating Procedures.
9. Performance Metrics: Identifying and tracking business metric beyond kgs of gold in stock, Top and Bottom Line, Conversions, etc.
10. Partners: How to build a win-win relationship with vendors.
11. Promotion: (ATL and BTL) Print, Digital Media, Face 2 Face etc.
12. Problem Solving: How to problem solve – It is your money.