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?
Promoting your business on online platforms and staying in tune with current market trends is crucial for success. Opt for a minimal stock approach to avoid overstocking. Identify high-demand products through market trends, and focus on those to maximize profitability. Streamline your inventory based on what brings in the most revenue. Embrace the flow of current trends, tailor your product selection .
I hope this information might be useful to you.