Question “What is the Purpose/ Why of your business?”.. beyond Profits Answer: The primary purpose/why of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility. Recently, the Head of Unilever said, “all our brands that have a purpose are growing faster and are more profitable”.[…]
Beware if you are in “Echo Chamber” in 2018 Did you hear something "different" other than yours?
2018 will end soon. Was it an “Echo” of 2017 or 2016 ? Trust, It has been a great year so far Hope, you made the best of new opportunities that came your way? You may have expanded your business Maybe by adding more space in the same[…]
5 टिप्स : IIJS पर अपनी खरीद को बेहतर और अधिकतम करने के 5 बेहतर तरीके IIJS में क्या करें
इंडिया इंटरनेशनल ज्वेलरी शो- मुंबई, जिसे IIJS के नाम से जाना जाता है, 10 फरवरी से 13 फरवरी को सुबह 10 बजे से संध्या 7 बजे तक, आयोजित की जा रही है! यह देश में अब तक का सबसे बड़ा और सबसे लोकप्रिय आभूषण कार्यक्रम है। यह शो कितना बडा है? 1200 से अधिक मैन्युफैक्चरर, 2000 से भी ज्यादा स्टाल IIJS शो रिटेल विक्रेता को चुनौती देते हैं की रिटेल विक्रेता कम कीमत पर बेहतर और अच्छा खरीदना चाहते हैं।IIJS शो में, रिटेल विक्रेता पहले दिन सोने के स्टाल[…]
5 Tips to maximise your purchases at IIJS Things to do at India International Jewellery Show, Mumbai
The India International Jewellery Show, Mumbai, popularly called IIJS is being held again, at Mumbai from 10th Feb to 13th Feb 2019, from 10 Am to 7 pm. It is by far the biggest and the most popular jewellery show in the country. IIJS-Signature How big is the exhibition? More[…]
Top 10 Reasons to attend IIJS Signature Show.
Are you looking for the latest market trends, designs, styles for your jewellery business? Only at IIJS Signature show – to be held at Mumbai from 10-13 February 2019. What is special about the IIJS Signature Show? The IIJS Signature Show showcases the finest display of jewellery collections from India’s[…]
Aged Inventory is a silent killer-Like a Heart Attack Retailers-Common-Problem
This is a self-explanatory term. “Aged” Inventory means old. Old inventory is a silent killer for any Progressive Retailer. What is the current practice? Depending upon the industry you are in, the approach can vary! from “What can I do,” To “I have done everything what I can do” If[…]
How You Measure Profit Will Determine How Much Profit You “Really” Make?
How you measure profit will determine how much profit you “really” make? Last year’s Diwali was a blockbuster. Your jewellery showroom was flooded with customers. You ran several promotional campaigns which brought in good footfall into your store. Several designs sold like hotcakes. But at the end of the day,[…]
How can a store dashboard help you make more money?
How can a store dashboard help you make more money? The dimensions of the retail landscape are changing. Data is quickly becoming the decisive factor for retail management. Analyzing customer persona and purchase behaviour has become absolutely essential for retailers to take decisions in pricing, marketing, inventory etc. All this[…]
Top 6 Business Planning Action Points for the Diwali Festival Season . Failing to Plan for your Business, is Planning to Fail in your Business.
Jewellery Buying for the season is on. Retailers, Vendors are all busy with “orders”. Is Business Planning a part of your business too? Clearly the market is getting ready for the season. Retailers and suppliers are optimistic. This will, probably be one of the best seasons in recent memory. Here[…]
Top 10 Tips to Manage Retail Jewellery Stock Rotation From RetailGurukul
Retail inventory management is the key to profitability in business. You may have a great product, a clever pricing policy or an innovative marketing strategy. But if your inventory management is poor, everything is up for a toss. Inventory management is like a canvas and stock turn rotation is just[…]