195. What Numbers Successful Retail Shop Owners are Measuring
With host retail coach Wendy Batten
https://wendybatten.com/podcast-intro/
In This Episode:
Have you ever heard the saying “What gets measured gets managed”?
But what should we look at (other than total sales?)
Exactly WHAT should we measure?
How should that apply to your unique business? In Episode 195 of the Creative Shop Talk podcast, we are talking about Key Performance Indicators (KPIs). I am sharing which ones you should be measuring as an independent retail shop owner, why they are important, and the document I’ve created that makes it easy for you to track them. We’ll talk specifically about a few of the financial and marketing KPIs you may want to be tracking regularly.
Don’t let metrics and math scare you away. It’s how you learn to scale your time and lessen your overwhelm - oh and increase your sales.
I know so many retailers and shop owners shy away when we start talking numbers, but this episode will make this concept so easy to understand. Once you have a handle on your KPIs, I promise you’ll feel empowered to put your CEO hat on and make business decisions confidently.
So grab a pen and some paper and let’s get down to business!
Don’t miss Coaching Week inside the Retailer’s Inner Circle in February!
I’m providing a full week of live coaching in the Retailer’s Inner Circle February 19-23 - all you have to do is be a member! I will go live in our Facebook group going through the foundational principles of my signature course, Retail Made Simple, which as a member you will have full access to. Retail Made Simple has helped hundreds of retailers simplify their business from understanding financials to gaining confidence to manage your team. There is no better time than now to join me and other like-minded retailers. Let’s go!
Related podcasts we think you’ll like:
Episode 33: The CEO Date: This Non-Negotiable Habit is Key to Creative CEO Success
Episode 183: Fine Tuning Your Retail Business Operations with Business Strategist Gwen Bortner
Episode 187: Make 2024 Your Best Year Ever in Your Retail Business
This week’s podcast is sponsored by our friends at Stitchcraft Marketing
Looking for some help with social media and content creation? My friend Leanne can help! Her business, Stitchcraft Marketing, is a niche marketing agency specializing in social media and content creation for wholesale and retail businesses in the soft craft industries. After you’ve listened to our chat on Episode 160 of the Creative Shop Talk Podcast, reach out and see what she and her team can offer that can help you grow your business in 2024. You won’t regret it!
About your host, Wendy Batten
In case we haven’t met yet, I’m Wendy, a small business coach and founder of the Retailer’s Inner Circle, where I help other independent shop owners learn how to gain the right business skillsets to see more profits, paychecks, and joy as they navigate running their retail business.
Through online classes, business coaching programs, speaking, and a top-ranked podcast, I’ve helped hundreds of retailers around the globe reclaim their dream and see the success they want from their beautiful shops. My signature private coaching community, The Retailer’s Inner Circle, has helped retailers around the world build their retail business skill sets and confidence.
I am proud to have been featured in several major publications, including my own business column in What Women Create magazine. I have been
privileged to be a guest on top-ranked podcasts and sought-after as a guest speaker and teacher for several brands, associations, and communities that are passionate about the success of independent retailers.
When I’m not coaching, you will find me either DIYing and renovating my very imperfect old crooked cottage by the sea in the UNESCO World Heritage town of Lunenburg, NS, or blogging about our travel and RVing adventures and the weird fun things we get up to in our coastal village. I’d love to invite you to check out one of my free resources for real retailers at https://wendybatten.com/free-resources/
For more support from Wendy
Retailer’s Inner Circle - Join Wendy inside the best retailer’s community
Hang out and connect with Wendy on IG
All of Wendy’s programs and services for shop owners can be found HERE.
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