I am currently 29 years old and I own a retail clothing store We are going to be celebrating our first year in business Now on our first months opened, business was booming majority of the money that was made in the first months went directly back in the store for more merchandise and after 3-4 months it started to slow down it slowed down to the point where I had to take out my personal to make sure to get by Overall I know there will be good days and slow days in a retail clothing shop but It seems like there isn’t enough funds leftover and to be able to pay off the suppliers in full I don’t think I am over spending on personal stuff Any tips?

  • Human_Ad_7045@alien.topB
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    10 months ago

    Without knowing some basics it’s difficult to give advice.

    • How much is your monthly rent
    • How much is monthly payroll?
    • How many square feet of space is your shop?
    • Are you in a shopping district, a mall, a stand alone shop?
    • How much is your average monthly sales revenue?
    • How much revenue is tied up in inventory?
    • How many different SKU’s do you carry?
    • What type of retail competition is in the immediate area?
    • what are you business hours?