Tag Archive for: Profitability
Inventory – Part 2: How To Run A Profitable Bike Shop
“As you develop better controls on your inventory, you can more confidently increase ordered quantities, always staying within your “budget” of inventory dollars, of course.”
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Inventory – Part 1: How To Run A Profitable Bike Shop
“So how do you unravel the seemingly deep dark mysteries of how much inventory is correct? It is really simple actually. You want to have an amount that allows you to turn that inventory multiple times.”
A Series Introduction: How To Run A Profitable Bike Shop
“The bicycle retail industry has a wide variety of stores and one shoe does not fit all in terms of operations. My hope is that all will find at least inspiration to try and improve the bottom line.”
Sheri Mann: Shop Owner Profiles
“Our passion is just seeing people enjoy being out on their bikes.”
Adjusting in the Midst of Chaos
“When everything seems to be in constant flux in your operations, staffing needs, inventory availability, and service demands, making changes that may have felt disruptive in normal times may be easier to get done.”
Top 5 Immediate Goals for your Business
“One thing seems certain for the near term, and that is inventory levels are going to be slim, particularly if you used to just ordering as you go. You need to do some basic forecasting and get bikes on backorder now.”
Engaging and Retaining the New Customer
Change is the New Normal
“Until there is a vaccine or solid treatment discovery, social distancing, extreme cleanliness and reduced crowd sizes will most likely be a continuing reality. . The way you are operating today may very well be the new normal for potentially another 12-18 months.”
Pandemic Shop Profile: Trek Stores Florida
“Read to learn how one bike shop is adapting to the unprecedented hurdles all shops are facing during the global COVID-19 pandemic.”