Tag Archive for: Profitability
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.”
Good Service in Bad Times
“Simply put, customer service during this Covid19 outbreak is all about safety. Safety means as little physical interaction as possible. “
Covid-19 Cash And Financing Considerations
“Every small business is going to be going through these same things and I feel confident that with some perseverance and use of available options to get through the following months you can come out of this and move forward.”
Top Three Ways Inertia will Kill Profitability
“This is a very common refrain - that certain situations you face are unique enough to warrant higher than normal expenses. Be very careful of thinking in that way.”
Mentorship for Success
“We cannot stop or always predict what will or will not affect us as an industry, but we can always concentrate on being the best we can today, while helping others achieve that themselves. “
Single vs Multi-Brand Model
“Have you experienced success with a single main line model that would have not been possible otherwise, or do you feel carrying several brands is the route to take for positive results? “