Choosing a Suitable Location for your Retail Store

Management consultant, blog writer, dreamer

Choosing a suitable location for your retail store is not an easy task. Indeed, making the wrong choice can be devastating for your business. “There is no ‘right or wrong’ answer when it comes to picking the perfect location. It actually depends upon the type of business you operate and what kinds of consumers you’re looking to attract” according to Portland Community College.

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Demise of Loyal Retail Customers in the Digital Age

Management consultant, blog writer, dreamer

Loyal retail customers have for long now given Bricks and Mortar (BM) retailers an advantage over their competitors. However, the advent of the internet and the subsequent development of the online shopping channel have changed the shopping behaviour of retail customers.

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Deciding on the Form of Ownership for your New Business

Management consultant, blog writer, dreamer

One of the first issues facing any entrepreneur who wants to launch a business is choosing a form of ownership. Indeed, this decision can have a tremendous impact on almost every aspect of the business. Therefore different forms of business ownership in South Africa are:

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Drop Shipping in 2017 – Opportunities and Turbulence for Retailers

Management consultant, blog writer, dreamer

Drop shipping in 2017: Is drop shipping the ‘holy grail’ for struggling Bricks Mortar retailers? Or is it a retail business model that goes against what online customers demand: An easy, consistent and seamless experience.

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Questions about your business that you should answer before starting

Management consultant, blog writer, dreamer

Now that you’ve made the decision to start your own business, the next step is to answer questions about  your business. However, before starting, you must get your mind in order. Here are some questions that, if you answer them honestly, will help you to make the right decision.

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Predictive Analytics helps Retailers to make sense of Big Data

Management consultant, blog writer, dreamer

“The most successful retail companies are utilizing data science and predictive analytics (PA) to improve efficiency, improve marketing campaigns, and gain significant customer insight for a competitive advantage” says Christine Kern, contributing for Innovative Retail Technology. But what about the “not so successful” retailers? How can they share in the advantages that Big Data and PA offer? Retailers can – by using predictive analytics.

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