suggestions: Never forget the most important factor LOCATION,
LOCATION, LOCATION, SUCCESS DEPENDS ON THE RIGHT
LOCATION!!!

  1. Clear image. You must create a particular image – and
    stick with it – in the minds of your customers. Are you a
    discount store where branded products can be purchased
    at a discount? Do you offer the lowest prices in town? Do
    you have the widest selection? A clear market position
    conveys a clear and consistent company image.
  2. Ability to control stock on hand. You need to put adequate
    stock control in place to reduce inventory costs and
    increase stock turns. Loss prevention is critical in any
    retail establishment, as theft and shrinkage represent lost
    dollars for the retailer. Have systematized procedures for
    doing physical counts of your inventory, as well as clear
    policies on employee theft. This will also let you know
    when it is time to reorder.
  3. The ability to manage finances and control debt is critical
    for any type of business. If it doesn't make you money
    don't buy it. Be frugal!!!
  4. Selection of products based on market demand. You need
    to have a keen sense of knowing what customers want.
    Your success depends on offering items that the market
    wants. Do not just order merchandise go directly to the
    surplus suppliers and hand pick the desired merchandise
    being extremely selective. Bring a trailer to haul back the
    merchandise or rent an enclosed lockable trailer from U-
    Haul.
  5. Attractive product presentation. Success in retailing entails
    knowing how to maximize every square foot of the store.
    Carefully plan your space through effective use of floor
    patterns, location of merchandise, amounts of
    merchandise and use of appropriate displays. Store layout
    and product display are critical.
  6. The quality of the sales force is important in the success
    of any retail store. Your sales employees are the face of
    your business, and you need to ensure that they provide
    quality customer service. Is the employee the type of
    person that makes people comfortable and smiles a lot.
  7. Also use eBay to sell off non-performing or unsold
    merchandise.
  8. Most people are afraid of failure. But what you really need
    to be prepared for is success from the start, such as
    investing in the right tools (technology and experts) to
    manage your business correctly from day one.”

On 2007-10-04 at 06:34:36 we recieved this comment:

Its free. it help people the honest way. providing information for
people just starting out.

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