2017 is behind us now. It’s that time of year when all the talk is about all that’s new and different for retailers.
But NOW is the time to look at your results for the year and ask yourself, “Was it worth it?”. Keeping pace with the relentless changes in retailing is not easy. Retailers know it demands constant adjustments. There is no shortage of reminders of all the elements you need for your business to “keep up”.
From technology to customer expectations, competitors, vendors, landlords, employees, Amazon, payment systems, Alexa and Siri, taxes, legal, etcetera, etc., etc. We get it.
But now is the time to step back and look at things from a more personal perspective. How well is your business keeping pace with your personal goals and ambitions? Remember, the point of owning your own business is to make the business work for you!
Think about your personal life right now. What changes have occurred since you started your business?
· Your life-stage responsibilities: spouse, young children, aging parents, adult children.
· Your health (and the health of your family members).
· Your tolerance for financial risk.
· Your zeal for the business.
· Your time, energy, resources.
These are real-life issues. As they change, so do their demands. And that means your business plans and choices should change to better reflect and serve these current needs.
It’s 2018. Time to get your business focused once again on reflecting 2018 realities and working for you. It may be time to think about exiting your retail business. A store closing sale or retirement sale is the best way for most independent retailers to exit their business.
If you want to learn more about what a store closing or retirement sale can do for you, email me at chuckhaug@retailstoreclosing.com or call today! 520-305-9693.