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?
I am a small business owner that runs a Furniture Retail Store for 7 years now.
I think every small business owner needs to know basics about the following:
I spend alot of time doing this monthly. The more time I get to spend on these, the more I revenue is in that month. As soon I get caught up in operations, these things get neglected and we see it in our sales.
Often we small businesses are too small to work with agencies. I have worked with a few that are cheaper and they just don’t spend the time getting to know our business to make a difference. So I decided to skill myself in these things, marketing is the life blood of business.