Retail
Implement effective and proven business strategies that will propel your retail business and establish a foothold in your industry. Feel the difference an expert business coach can deliver to your small to medium business and reap the benefits and return on investment. Since 1999, CoachNick has aided over 400 businesses in one-on-one business coaching within the retail space. CoachNick ensures that your current business goals are scoped out whilst integrating practical strategies to expand your thinking and push your business through any barriers. The coaching sessions are private and confidential. When it comes to retail, ROI is key and the margin for error is super low. CoachNick will work with you to identify, pinpoint and accurately breakdown your business and devise a plan to ensure that you are moving forward and generating profits! Typically, retail businesses rely on great customer service to get repeat shoppers. Most common issues faced are:- Finding great, reliable retail staff who are customer focused
- Finding young, enthusiastic, perhaps even career focused staff with a care factor
- Long hours 5-7 day businesses
- Difficult to take holidays
- Transient staff who are often back packer based
- Communication
- High rents
- Location issues
- Wondering if their business is franchisable
- Issues with their own franchisors
- If in major shopping centres, lack of security due to short (eg. 5 year) lease terms
- Wanting to explore the online sales arena
- Recovering the high purchase price or setup costs
- Time management
- Weekend and evening work
- Lack of vision
- Fatigue
- Understanding when to get out
- Marketing knowledge tends to be very low
- Financial management skills are typically low
