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Retailers: Are You "In Decline"?!
Here are eight key indicators of decline in a retail business.
Step #1: Check to see where your operation fits for each one of them.
Step #2: Then tally it up: how many Stage Ones? Stage Twos? Any Stage Threes?
Step #3: Consider those results. Where might your operation be at risk? That's where you must focus your efforts first.
Remember, all retailers are in Stage One of decline at some point. The key is recognizing it, and making the necessary adjustments.
Being "in decline" is not the problem. But being in denial IS a problem!
Since 1999, empowering retailers and store owners to "Turn on your financial headlights!"