Business Plans |
| |
| 2012 |  5 Keys to Unlocking Your Competitition
When I do a business makeover, I invite the owner to visit the competition with me. It can be a little like trying to get a child to want to go to the dentist to get a cavity filled. The stress. The doubting. The excuses. But why? What is there to be afraid of?... 6/1/2012 |
| |
| 2011 |  When to Close Your Specialty Store - 36 Tips
Successful people fail more than others, so if you're facing a lot of red ink, don't despair... 7/1/2011 |
|  Want to Find a Good Retail Location? Check Trash
If you want to open a retail business because you, “think it will be fun,” “want something to do,” or feel a need for “a change,” don’t do it. It would be like going into a bar at closing time, finding the worst possible person for you and then marrying them. If you think a divorce could be messy, wait until you see what happens to get out of a five or ten-year lease... 4/1/2011 | |  Keep Cash Flowing Freely
Poorly managed cash flow and inventory can suck a store under, especially when business slumps.... 1/1/2011 | | |
| 2010 |  Design a Buying Space, Part III: Analysis
When analyzing your sales per square foot, you can try comparing it to equivalent stores to evaluate your success. Jonathan Brandow, principal of BizMiner, an industry reporting agency, recommends requesting 10K reports from the Securities Exchange Commission on publicly traded toy stores.... 10/1/2010 |
|  How to Start a Toy Store, Part I: Business Plans
Whether you're a long-time toy retailer considering a second or third location, or a newbie starting out, a few steps can't be omitted if your goal is continued success in the toy business... 9/1/2010 | | |
| 2009 |  Retailing Tips: Revising Your Business Plan
A business plan is a living document, meant to be revised periodically. It is your one-, three- and five-year plan, which, at any given time, should reflect your plans for the next few years.... 9/1/2009 |
| |
| 2008 |  Why Retail May Be More Challenging Today
Achieving success in retail today is more challenging than it was 10 years ago, four of 10 toy-store owners and experts told TDmonthly Magazine.... 7/1/2008 |
|  How to Close Your Store and Move On
Optimism can cure a slew of predicaments, but how do you know when it’s time to shut the “Glad Book” and face the facts?... 5/1/2008 | |  Retailing Tips: Dealing with Insurance
Deciding on insurance to ensure your business doesn’t go down the tube after theft or fire — or even an accident that results in a lawsuit — isn’t a job for the faint of heart.... 3/1/2008 |
