www.knowledgematters.com
1.
Bank Loan
2.
Open New Store
$25,000 small/medium sized on edge of city
3.
Merchandising
Set up store – place display shelves, don’t block doors, make room behind cash registers, go to Reports – Product Info to see what are Wants, Needs, Impulse Buys,
Complements and place accordingly (i.e. impulse buys near front)
4.
Newspaper Circular
Advertise (newspaper 1 st ; add radio later)
Milk Buy 6, Get 1 Free
5.
Purchasing (don’t forget to replenish) 250/50 except milk 400/50
6.
Pricing (set Global Store Margin, adjust individually as needed)
Global 43%; milk 45%, salsa 50%, wiper fluid 45%, baby formula 50%,
7.
Staffing (start off closed from 11PM – 7AM, open later)
cashiers 0/1 1/2 1/2 2 2 0/1
stockers 0/2 1
salespeople 0 1
1
1
1
1
1
1
8.
Security (surveillance camera 1 st ; add scanner later)
0/1
0
9.
Run store for a while then go to Reports – Comments & Msgs; see what people are saying then ADJUST margins, quantities, backroom stock, staffing, etc.
10.
It helps to write down settings so you know what to change