Are You Sabotaging Your Own Business? The Deadly Pitfalls of Inventory Mismanagement
In the last week, I’ve encountered 4 game stores who failed to optimize their inventory dollars. I want to keep this article short, because the message is simpl...
Author: lloydbrown
Telling a Secret: How Shutting Down one Store Launched My Business to New Profits
The single most critical launching station with my game stores was leaving the register full time and moving to a position where my full-time job was “improving...
Things I’d Have Done Differently
Occasionally on discussion fora, somebody asks existing store owners “What mistakes did you make when you started”, or “What would you have done differently”? T...
Top 5 Mistakes Retailers Make When Writing A Business Plan
Since I’ve been writing plans for others who want to open a store, I’ve read a few business plans that clients have assembled themselves, and I’ve noticed...
Liability
Liability can kill a thriving, successful business. It’s a menace to businesses struggling to pay their bills. I don’t normally cover topics universally appropr...
Training Employees
One of your business goals should be to make yourself redundant. When your store works just fine without you, you’re free to focus your time and effort on growi...
Local Market Store Comparison
It’s important to conduct an objective, honest analysis of where you stand in your local market. It tells you where you need to improve. It shows you what angle...
Small Business Community Impact
What do we mean to the community? I want to assess my company’s value to the local community: how much of my revenue is spent locally, and can I do anything to ...
Planning for Wizards Premium
One of the key questions you must ask yourself when you plan your store is the question of whether to build for the Premium store designation from Wizards of th...
Domino’s Pizza and FLGS
I’ve told the story before of how Domino’s prepared me for my own business. Let me provide a little more detail. Background When I joined the company in 1987, D...