Check and supplement the status of your inventory and supplies.
Management of inventory and supplies
- Store facilities and supplies must be inspected and supplemented immediately after opening and before closing time (Startup Diary, Small and Medium Business Administration · Small Enterprise and Market Service, p. 293).
- Efforts are required to quantify the inventory status after 3 months (Startup Diary, Small and Medium Business Administration · Small Enterprise and Market Service, p. 295).
Maximize your profits by reducing the costs.
Fund management
- Reduce the ratio of costs to maximize your gross margin (Startup Diary, Small and Medium Business Administration · Small Enterprise and Market Service, p. 293).
- Sales and general administrative costs (expenses) should be minimized (Startup Diary, Small and Medium Business Administration · Small Enterprise and Market Service, p. 293).
- In addition, interest costs for other loans should be managed effectively (Startup Diary, Small and Medium Business Administration · Small Enterprise and Market Service, p. 293).
Secure regular customers and achieve success.
Customer management
- Efforts are required to identify individual customers' purchasing characteristics and personal tastes, and to create customer lists and sales lists to increase the proportion of well-sold products and lower the proportion of poorly-sold products (Startup Diary, Small and Medium Business Administration · Small Enterprise and Market Service, p. 293).