Hello how are you all, little interlude a very useful tips for you all who want to start a retail business, Why 90% of Small Businesses Fail ????
Here is a statistic that should make everyone take notice. Dunn and Bradstreet conducted a study and determined that "90% of small businesses that fail do so because of lack of skills and knowledge of its business." They can not compete as a lower price, or less strategic locations, or fluctuating knowledge of the national economy - they fail because the owners did not have the right knowledge and skills to run their business.
Perhaps you're wondering how can I work so hard, sell so much but still has not progressed. The answer is quite simple, you do not take the time or effort to learn the skills and knowledge of retailing. Planning resulting in uncontrolled costs, low operating standards, and inventory management system does not exist. For the skill and knowledge of retail.
In many businesses there required continuing professional education but does not apply to the owner of the shop. You are not required to learn a skill set retail. You can open a store and immediately berjulan! Your boss right now and no one can force you to keep learning.
We have identified ten basic building in a small business, for retail long-term success:
1. Good customer service,
2. Smart in purchasing and inventory management,
3. Focus on the Customer Marketing,
4. Management of systematic employee,
5. manjemen efficient stores,
6. Manage financial information,
7. effective staff training,
8. Merchandise "product" Strategic and visual display,
9. Long-term planning, and
10. Discipline, professional leadership.
To be successful, you must learn to do all these things - even things you do not want to do or find it difficult to do, or do not know how to do it.
Harvard University conducted a study and found that only 10% of us are "self-taught learners" Of course with so constantly searching for new information. So, that means that 90% of us are not self-taught learners. You belong to which category? How many workshops you have attended? How many books and business magazines do you read?
You do not need to learn everything at once, but you need to constantly and consistently add to your knowledge and expertise. Now think about one simple thing you can do today for the learning process. Doing research on the website, read an article, or courses to people who have skills,
So that I can share this time, may be useful friend, thank you for visiting see you next time;-)
