"I'm Ready to Start A NEW Retail Business" Package
You want to open a store?! Congratulations! What an exciting journey you are starting on. Feeling a little lost? You have come to the right place. Every time you take a trip or journey, you know that the best way to get there is with a map. Right?
And if you are traveling in new and unchartered waters, the best and safest trips are taken with a guide. You want to travel with someone who has gone before you. You want to travel with a guide who has traveled the same road and made it to the destination successfully. You want a person who has become an expert and has led many others on the same journey. You want someone who made mistakes that YOU can learn from and can show you the easiest and smoothest paths to make your journey as simple and stress free as possible. Wouldn’t you rather take the trip with someone who has the experience to know what works and what doesn’t, what is worth exploring and what isn’t worth your time? That is what RETAILMavens can do for you.
We have opened many stores and are here to make it as easy as possible. Easy is good but what about profit you ask? Our plan gives you a positive cash flow the first year and that includes an owner’s salary and loan payments. All but three of the many stores we have opened have had a positive cash flow their first year! Yes, you read that right.
Now don’t you feel a little better about taking this journey? Isn’t it great to know that there is an expert guide to help you make the best decisions possible and to minimize your risk?
Also, banks and accountants love us because we talk their language. They know that someone else is watching the same key indicators that they would. More than once, we have been instrumental in clients obtaining financial backing.
Not to mention, you get access to a RETAIL Maven with over 25 years of experience! Don't get me wrong - there is still much for you to do. But we provide the framework so that you can maximize your time and efforts. You can stay focused knowing that an expert has all the financial aspects in control for you. That brings so much peace. And you will reach your destination much more successfully.
There are two parts to our “I’m ready to start a NEW retail business” package! They reflect the 2 different stages that you will go through. Most people sign up for both at once and take advantage of the savings. After completing this process, you will sign up for one of our coaching programs to be started 2 months before the store is opened. We are so excited to get started with you on your successful journey to owning your own retail store.
Part One
- Complete and detailed breakeven analysis
- Profit Possibilities worksheet
- Year One cash flow projection
- 12 month expense budget
- Successful specialty store financial benchmark analysis
- Determination of the opening budgets for advertising, packaging, and payroll
- Inventory class breakdown to insure the greatest return on investment
- Initial total inventory requirements
- Capital expenditure guidelines and suggestions
- 2 hour meeting to review the above information
Part Two
- Lease review
- Business plan review
- Preliminary draft of a 12 month advertising, marketing and public relations plan
- Discussion of opening staffing needs
- Open to buy budget for inventory for store opening
- 12 month sales projections
- 12 month cash flow projections
- ‘Opening A New Store’ checklist to make sure nothing is left undone
- ‘How to deal with Vendors’ tip sheet
- The RETAILMavens rolodex of sources
- 1 hour meeting to review above information
How long is each program?
A retail business traditionally gets consistently profitable in 3 or more years. You can expect it to take a fraction of the time with The Retail Mavens System™ (especially with the Fast Track Program.) Clients take a minimum of 12 months of working together to apply all the steps, sometimes longer,and enjoy a substantial (often dramatic) increase in their level of profitability AND time off. Remember though, this is only for retailers who are truly serious about getting results.
Do these programs work? Yes.
Every single one of our clients were more profitable in 2011 than in 2010. They also were more profitable in 2010 than 2009 and in 2009 than in 2008. That is the bottom line, isn’t it? The result of our work is an approach to finding hidden opportunities in your business that works consistently to increase your profits and attract the raving fans you need. You can check out our client testimonials here.
Please note: to see results, you need to be totally committed to taking action and have the resources - time, energy and drive - to carry you through. This is not a quick fix, it's not magic and it takes 6 months or more for the seeds to grow, but all my clients who have diligently applied every step of The Retail Mavens System™ have successfully grown their businesses, in much less time than they would have on their own and are “Raving Fans”.
Best of all, clients are excited to report that they were able to cover the coaching investment as a direct result of our work, usually 3-7 times over – meaning that for every $1000 invested, I show them $3000-$7000 more profit per year and often much more than that..
Ready to work directly with Cathy? Just email the RETAIL Mavens team at info@retailmavens.com or call us directly at 847-622-8382 and we’ll set up a complimentary “Get Acquainted” consultation to discuss where you are in your retail business, where you want to go and answer all your questions.
Let’s get going towards achieving your dream!