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Why Do Retail Businesses Fail So Fast…Part 2

Why Do Retail Businesses Fail

Business Killer No 6: Inadequate Capital and wrong Application of the Available Capital As a retail business, you will hold inventory, either in your warehouse or shelves and inventory ties down money. Even if you want to stock “lean”, by holding minimal levels of inventory, your capital will still be tied down. Also, you will need assets e.g. computers…

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Critical Factors for Retail Business Success!

In our previous post, we talked about some key principles and factors that you need if you really want to succeed in your retail business. Some of those factors include your people, processes, product and personality. This post addresses  two other very critical success factors: Innovation and Technology. Two other equally critical factors: Location and Capital will be addressed…

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Use these Factors to Succeed in Any Retail Business!

Retail Business

Retail business is a very exciting and profitable business to do and just like all of life’s successes, success in retail business is a also journey. To succeed in retail, you must engage those success principles that will ensure that you make more sales, control your inventory, expenditures & losses and set you up for further expansion! In a…

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Five(5) Strong Reasons Why You Need To Start Your Own Business Now!

  1. Owning a Business is the Fastest Path to Wealth: In his book” Rich Dad, Poor Dad, Robert Kiyosaki talks about his two Dads-his biological father who was a school teacher, well respected, well known yet poor and his rich Dad(his friend’s Dad), who was a businessman and very rich-(Order Rich Dad, Poor Dad online here). According to…

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Why You Need to Start That Business

Living the 9-5pm work lifestyle is most people’s dream, at least its secure, makes you feel safe and guarantees your monthly salary at the very least(whether the salary is enough to meet your needs is another day’s discussion); however I do know and I can bet you, that the salary thing is Never Enough! Your take home pay can…

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