Ok so neither a retail or wholesale trader be it may be said but let us set our minds to opening a retail trading store .
questions here then
What is our stock in trade to be?
Who is our customer base?
What are their shopping habbits?
How much will they typically Spend?
How do we attract customers to spend in our store?
If we are going to be exhanging our goods what ideally should we be looking to pay for them?
How are we to decide that the markup on our goods is a fair price to accept on that sale made?
What is a fair markup for the business?
Loss on a sale, what is a fair loss to charge for a sale made?
Costs
Fixed?
Variables?
questions here then
What is our stock in trade to be?
Who is our customer base?
What are their shopping habbits?
How much will they typically Spend?
How do we attract customers to spend in our store?
If we are going to be exhanging our goods what ideally should we be looking to pay for them?
How are we to decide that the markup on our goods is a fair price to accept on that sale made?
What is a fair markup for the business?
Loss on a sale, what is a fair loss to charge for a sale made?
Costs
Fixed?
Variables?
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