Being a brick and mortar store owner can be challenging. I know! I run a home decor boutique with my sister. When you’re running a store solo, or maybe with just one employee, the weight of being open is on YOU. You set your store hours and know you should stick with them, but it’s…
A few months ago, the brick and mortar store owners in the Shopkeepers Lab Group started talking about Sales Per Square Footage (SPSF). Some shopkeepers weren’t familiar with this metric and many didn’t know how to calculate it for their business. So I wrote a blog post about how to calculate SPSF and I included a…
The topic of “paying yourself” comes up fairly often in our membership groups. It always surprises me that at least half of the shop owners in the group don’t pay themselves. And I have to tell you, this topic tugs at me almost daily. I often tell myself that I’m going to find a way…
Whether you’ve opened your own brick-and-mortar store or not… I think we can all agree, anyone on the path to retail store ownership or a successful online shop can probably benefit from a few solid character traits: Confidence, determination, adaptability, courageousness… just to name a few. However, when you’re bootstrapping a business, and staying within your budget is…