7: Three Types of Planning: Are you Covering Your Bases?

There’s so much more to planning than time management... but I’m pretty sure you know this!

You juggle finances to buy inventory or raw materials. You shift around items on your to-do list to meet your most urgent deadlines. You put off making personal appointments because there are competing deadlines tied to the urgency of seasonal selling.

You juggle like a pro!

But… are you planning so you can get ahead of the game or are you scrambling to keep up?

​Here’s the good news: you can reverse engineer the many benefits of planning if you know what you’re working toward and why your planning for it!

You don’t need to overhaul your operational practices or adopt a leadership style very different from your Retail Success Style. You simply need to start planning.

This podcast episode highlights three types of planning so that you can make sure you’re covering your bases —  now and in the future. As you listen, pay special attention to these points:

• Merchandise planning helps you optimize your revenue while at the same time minimize the costs associated with carrying too much inventory.
• You don’t have to be “good at math” to be a planner — you just have to want greater profitability.
• Predetermine how many employees or what type of business support you’ll need before you’re in a bind.
• Consider your personal needs when you plan your business calendar and quarterly operational plans.

After you’ve listened, it’s time to take action! Remember: Knowledge and action are most effective when applied within the context of your unique business, using your unique style.

To help you find your path to business growth, take my free 60-second Retail Success Style quiz at MerchantMethod.com/Quiz. I can’t wait to learn more about you!

If you like this episode, here’s how to dive in even deeper.

➙ Learn alongside other retailers and makers inside my free podcast community at MerchantMethod.com/RetailShift. This is where you can get support on podcast topics, exclusive hot tips, and more.

➙ Join me on Facebook Live @MerchantMethod on Tuesday, March 19th at 10AM Pacific / 1PM Eastern. Click here to get a reminder when I go live or to watch the replay!

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➙ Need more support with merchandise planning and inventory management? Check out these trainings!

5 Steps to Sell Slow-Moving Stock
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Growth Hacking for Retailers and Makers

With passion and purpose,

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