The truth about your retail business is how it is performing now compared to the same time a year earlier. Not how you think it is performing or how you feel it is performing but how it is actually performing.
You are your most important competitor.
Report on the last period, usually three months, and compare this with the same period a year earlier. Look at revenue, units sold, traffic count, average sale value and basket depth.
Let your data be your truth, your only truth.
If someone in the business makes a statement about business performance, take a look at the truth for yourself and rely only on this for your planning.
If a supplier makes a statement about the performance of your business, take a look at the truth for yourself and rely only on this for your planning.
Next time you tell someone how business is doing, base it on the facts as facts are a currency on which you can bank and off of which you can plan.
Gut feel and opinion are nice, but they cannot be relied on as such as your own business data.
In the Tower Systems POS software there are excellent reporting tools that report the truth of business performance. We can help you access these and we can help you understand them.
We’re here to help.