Before Opening: Business Plan: This is the blueprint for your business, outlining your business model, market research, marketing strategies, financial projections, organizational structure, and other key details about your operations. Licenses and Permits: These will vary by location, type of retail business, and other factors. You may need a business license, seller’s permit, or health department permit, among others….
As we step into a fresh season, it’s not unusual for retailers to aspire for a better business performance compared to the previous year. The scale of this improvement is primarily determined by the business’s specific goals and objectives. Regardless of the target, it’s vital to revisit the essential components of your retail operation. At RetailDOJO, we believe that…
It’s about time DMSRetail shared its thoughts on performance-based compensation plans in the retail industry. First and foremost, let’s debunk the misconception that performance-based compensation plans negatively impact the shopping experience. This is far from the truth. Instead, a well-structured, straightforward performance-based compensation plan can actually improve the shopping experience. Those who buy into this misconception fail to see…
A study recently published by Wharton, University of Pennsylvania and Verde Group discusses the findings of a survey of 1000 randomly selected consumers. The objective of the survey was to discover what problems shoppers were encountering during their shopping experiences at retail stores and which of those problems were most likely to be discussed with others and which actually…
Self scheduling creates headaches for Store Managers! Calendar girls…or calendar guys…absolutely love the sight of a calendar with an invitation to choose when they will, and will not work. Some Store Managers practice what we describe as self sabotage!! They leave a calendar in the back room, lunch room, wherever employees gather when they are on break or just coming in…
The Untapped Potential of Retail AI: From…
Understanding Artificial Intelligence: Foundations and Significance Artificial…
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