How to successfully set up shop.docVIP

 PAGE \* MERGEFORMAT 10 How to successfully set up shop 1, the industry’s choice We choose to be in a business often choose a high margin business that looks, in fact, it is only appearance, we have to look at the nature of profits. There is such a phenomenon, a high-profit industry, business and industry in a low-margin business for one year or less down with the highest profit, and even high-profit business enterprise whose earnings are not as low-margin industry, that companies, which is because the high-profit industry as an attractive cake, we all crowd in this industry, resulting in a highly competitive industry, profit margins with high turnover rate is very low, while the low-margin industries, on the contrary. When we choose not to high-profit industry as a primary reference standard, and the first to consider the suitability of their own circumstances, such as whether good or has the resources. The profit on the turnover rate that we should do more, such as Wal-Mart, they are a dollar turnaround time is only 2% of the profits, it seems very low, but they are a dollar a year turnover 24 times, so come to a dollar a year margin for nearly 50%, this is the real high profits. In contrast, such as a number of fitness equipment products, its profit margin more than 50% or even 100%, but not necessarily be able to sell out a year, while the backlog of capital, warehouse storage, depreciation or damage, the high and all the profits eaten . Another profitable industries also loss-making enterprises, and then there are sunset industries profit-making enterprises, so money is not the choice of the industry, this time to work on the main should be in operation. 2, create a customer-oriented business philosophy interests In opening a shop front, first consider why you want a good open the store, except for money outside a shop and want to survive long-term development and growth, there should be a first in the public interest for the customer and even to cons