2019-02-14T07:20:12+00:00

Developing, Managing, and Operating a Retail Business

This paper concentrates on the primary theme of Developing, Managing, and Operating a Retail Business in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Developing, Managing, and Operating a Retail Business

Instructions:

Imagine that you recently took over your friend’s small retail business and you now have to do the following: 
• Rename the store
• Create new hours of operations
• Hire two (2) new part-time employees and two (2) new full-time employees 
• Address a new plan for building your clients and merchandise, and 
• Address the issues of the remaining employees from the acquired business, who are disgruntled because you are relocating the store to the center of the town where you live. 
Consider how you are going to develop, manage, and operate your new retail business. 
Additional resources: 
http://www.entrepreneur.com/article/75912
http://retail.about.com/od/startingaretailbusiness/tp/checklist.htm
http://www.youtube.com/watch?v=fecPdpw3RYw
http://www.entrepreneur.com/businessideas/industry/30.html
Write a three to six to eight (6-8) paper in which you:
1. Propose two to three (2-3) strategies for targeting customers and information gathering that would use in order to develop your own clientele while maintaining the clients of the acquired retail business. 
2. Develop a plan that details your approach to recruiting and training a new staff while addressing the concerns of the remaining employees related to the proposed store relocation.
3. Apply the concept of the one-hundred (100) percent location and saturation to your retail store.
4. Create a design for the most important financial dimensions of your business, and develop a strategic plan for addressing the dimensions that you have indicated.
5. Create a name, a mission, and a philosophy for your retail store. 
6. Define store hours, including holidays and weekends, and describe the key goals of employee management.
7. Develop a plan for cultivating an inviting store atmosphere (e.g., music, décor, style of goods provided, services provided, etc.) and a corresponding window display.
8. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. 
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. 
The specific course learning outcomes associated with this assignment are:
• Analyze the retailing consumer and database management in retailing.
• Analyze human resource management and financial aspects of operation management in retail organizations.
• Describe the dimensions of operating a retail business and the development of merchandise plans.
• Use technology and information resources to research issues in retail management.
• Write clearly and concisely about retail management using proper writing mechanics.

Content:

Little Bee Retail Company Student’s Name: Professor’s Name: Course Name: Date: Little Bee Retail Company When one enters into a new business or decides to open up a new business whether it is selling washing lines or washing machines, they need to study the target market and understand the customers’ needs in order to maximize the total sales. Entrepreneurs should understand the type of product they are selling, who they are selling to, why should they buy that product and what are they going to gain from the product or service they just bought. Because of such kind of questions, the following will help in identifying your target market. 1 An entrepreneur needs to understand the kind of problems is facing. This should be the starting point for entrepreneurs, define the target market you proposing by understanding the kind of problems they are facing. Once you do, it will be easier and you will roughly have an idea what they are suffering from. 2 List all kinds of customers in your area. Identify all types of customers in the area you what to open your business, after the identification, focus on the category of the business you acquired and correct all kinds of problems the customers to be are experiencing. Group the problems by area, net worth income of customers buying the products and market sector such as recruitment agents, producers and so on. Find more about the targeted customer such as their gender, what t...


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