I am currently 29 years old and I own a retail clothing store We are going to be celebrating our first year in business Now on our first months opened, business was booming majority of the money that was made in the first months went directly back in the store for more merchandise and after 3-4 months it started to slow down it slowed down to the point where I had to take out my personal to make sure to get by Overall I know there will be good days and slow days in a retail clothing shop but It seems like there isn’t enough funds leftover and to be able to pay off the suppliers in full I don’t think I am over spending on personal stuff Any tips?
Well retail is cyclical, right? I worked with clients in retail before, and it seems like Black Friday through Christmas is where they made the bulk of their sales. Do you have a plan for how you’re going to approach the holidays, or are you just winging it? This is literally the time of year people come in looking to spend money. There’s a reason why bookstores sell all sorts of $20 crap that isn’t books, and I would make sure you’ve got good gift material in your store.
Also-- side note-- if you’re going to run a business, you have to at least learn how to use a period between sentences. I know it’s Reddit, but it comes off as really unprofessional and makes you look like you don’t know what you’re doing.