Wednesday, September 19, 2018

Retail Tip: Gross Profit Margin



imagine having a story that's busying all day long people aren't forming emergence is flying off the shelf what could possibly go wrong well you could go broke

how can this happen by not figuring your margins correctly were calculate it your gross profit percentages on this episode of retail tips. you're gross product percentages more than is simple markup a market with just the difference between the hotel cost and the retail price for instance if you buy a cage.

Maybe for a dollar in sold for a dollar fifty your market is fifty sensor fifty per except that sounds going right but grows problem takes new count the bigger business picture is super percentage of every dollar you on that can be used to cover your expenses. so that's same dollar fifteen candy is only giving you a gross profit of thirty three percent and that's really not enough.

every merchant nice category and your story has a growth profit benchmark and the benchmark or can you can go in as high as forty five percent prepared foods can bring up to fifty two percent thought and brings up to sixty five percent. so here's what calculate that grows profit percentage for a specific eyes.

yeah we take the cost of the item and unified divided by the number you get my attracting the gross problem percent and you want from one hundred. let's say we're pricing our package meat categories which should give us up to a forty percent growth profits one hundred miners forty and sixty now make sure to put a decimal point before the sixty.

Now let's take it cost at once or two who's sixty five cents point six five when we divide it by point six is. so we're going to reach all price it gives us a forty percent growth profit in this case the right reach oil price of this i them is a dollar eight and that. they all there is to it for a different categories just plug in different growth problem percentages like twenty percent for dairy out.

kenny guys i said daring terry

if you have any other questions about your gross profits contact rd center specialists we're here to help for a complete list of growth product benchmarks to apply throughout your story our convenience to our own.


Sunday, May 20, 2018

How to Start a Family Business



Best business ideas for Bangladesh to opening your own business with a limited investment. It's important as a leader to advice each team member character out how they can grow their careers. But, you've to work for proper planning, decorate your shop with appropriate display racks and shelves etc...

Bangladesh is the place where you can begin any business with small capital. Parents often have a dream of construction a family business to pass on to the next generation. 

Creating something together can be interesting and satisfying. A father can trainer sons or daughters and help them grow as business people and individuals. But working together can motivation a opening in family relations unless the company is well planned out, right from the beginning.

There’s a difference between catching along at family conference and in the stress of a workplace.

A family-owned corporation is a business owned mainly or exclusively by family members. As a business develop, it can be challenging to run the business using only family members, and publicly traded corporations can remove important control from the family members who founded the business. Consequently, a family-owned business can have a wide mixture of structures.

In a family owned business, the capacity to communicate effectively with all members of the organization - family and non-family is demanding. Family-owned businesses face special challenges, but these challenges can be effectively overcome by attract on the needs of both the business and the employees, using a variety of communication techniques and focusing on continual improvement.

Here is some ideas of family business in Bangladesh

  1. Starting a Small Family Restaurant Business
  2. Starting a Super Shop Business - Get more ideas here
  3. Starting a Small Family Catering Business from Home
  4. Starting a Small Family Boutiques Business

How to Start a Super Shop Business?


Opening a super shop business requires a great deal of investment. If you wants to opening a super shop you need to follow the few steps that I am about to share with you.


Location: The location determines how fast and successfully your business may grow. Location is the key business elements. First you need to focus on a particular area you have to choose a busy residential area.

That place will help you to get more customers. Make sure you have a good communication system and also car parking place. It is very vital to locate your supermarket that can be easily accessed with high levels of traffic. The places you are choosing make sure the place have no supermarkets and less competition.

Decorate your supers shop in unique: Attractive & eye chasing decoration is very much important. It is proven that a well decorates super shop make more sales. So, Decorate your super shop in unique style but easy accessible. You can find more information here about the super shop equipment. 



Use Attractive Racks & Shelves: To decorate your super shop you’ve to use the eye caching racks and shelves. It’ll help you to display your products in a vital look and customer can pick the selected products easily. In my personal experience I highly recommended gondola racks to display your products.

Advertisement: Since you have decided to open  a super shop, you must not forget to market and advertise your shop online advertisement, the local newspaper, handbill, all are the ways to promote your new super shop.


Manual advertising is much more important .Open up a Facebook page. Make a blog of your shop, where you can put the price of your products and the discounts that you are providing.

Hire qualified stuff: The good customer service will make you more sales. You should train your stuff in your own way. Accounting software and management are also very important to get success in this business. You have to make good inventory systems.

Choose the best suppliers:  Before starting super shop business Bangladesh based, make sure you who will your best suppliers. Make sure why you should choose them and why they are the best.