5 Steps to Building a Profitable and Successful Retail Business (Part 5)

(image via freeimages)   In part 5 of our post, we talk about the 5th Step in Building a Profitable and Successful Retail Business. If you missed out on the previous articles & videos you can find them here:   Step 1: Who are your customers? Step 2: Its all about location. Step 3: The right Budget. Step 4: 

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5 Steps to Building a Profitable and Successful Retail Business (Part 3)

(image via Morguefile)   In part 3 of our post, we talk about the 3rd Step in Building a Profitable and Successful Retail Business. If you missed out Step 2, click here and Step 1 is here. The 3rd Step is all about setting aside the right Budget to ensure that your retail vision is fully executed.   The 3 

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How to create an UBER within your industry

(image via freeimages.com)   Have you ever wondered how Uber and other car sharing apps came to dominate the transportation industry? One simple word, “Value”. The old taxi services were just charging too much for their services and providing too little value. People got tired of them (i.e. taxis) charging too much and being rude to their 

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The No. 1 reason why your retail business is failing – Part 2

image via pixabay   Last week we talked about the challenges of running a retail business and why almost half of all retail businesses end up closing. The main reason is the brand’s inability to stick in to the mind of the consumer (i.e positioning).   We also talked about how we could use the ladder 

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The No. 1 reason why your retail business could be failing – Part 1

image via pixabay   The retail business is a challenging industry! Don’t let anyone tell you otherwise. In a study conducted by the University of Tenessee (read more here), only 47% of retailers continue to operate after 4 years! That means a whopping 53% failure. If that is not challenging, I have no idea what is. 

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