Get the Special Report - Covid 19 & Retail
Uncharted Territory: How COVID-19 Could Affect Your Retail Business will give you information to make informed decisions, ideas to work around potential problems, strategies to deal with the stress that comes with uncertainty, and inspiration to stay strong and resilient!
Latest Community Forum Event
April 7, 2020
Bob & Susan will be hosting a live community forum event on Tuesday afternoons at 1:00pm EST. If you would like to join us and ask questions, please follow us on Facebook by clicking here.
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Paycheck Protection Loan Calculator Tool
Check out this amazing spreadsheet tool designed by our WhizBang! Certified Coach, Cris Willis and her analytics-wizard husband, Gary. This tool will help you estimate 1) how big a loan you will be eligible for 2) what your potential loan forgiveness could be and 3) a simple cash flow to figure out much you actually need.
Click to download the spreadsheet tool and watch the interview we did with Cris and Gary to get step by step instructions for how to use it. It’s GREAT STUFF!
Important Videos and Podcasts
In this special bonus episode, Bob interviews CEO of Management One, Marc Weiss about what the best retailers will be doing to help position themselves for success when these uncertain times end. They talk supply chain management, store sales statistics, and negotiations
Bob talks to our favorite retail social media expert, Cyrstal Vilkaitis from Crystal Media. They talk everything from engaging your social media audiences, social selling, and using ads to increase views to their predictions for the future of "pay-for-play" on Facebook. For more information about her new Social Selling Course, click here!
In this special bonus episode, Bob talks to Bob Zechel, a super-smart Canadian retail store owner, lawyer, and Platinum Mastermind Group alumni. Together with his wife and daughters, Bob is the owner of five Cloud Nine Pajama (https://www.cloudninepajamas.com) stores in Alberta, Canada and talks about some of the things he's doing to get through these uncertain times. Including taking a pause, rating your vendors, and landlord negotiations.
In this interview, Bob talks to Rich Rose, a managing partner at Rainstar Capital. Rich is an expert in all things money and retail. There are two parts to this interview... In the first part, Rich shares a detailed strategy to manage cash in times of great disruption. In the second part of the interview, Rich discusses what is happening with capital markets and the SBA.
If you are looking for a great strategy to get you through the rest of the disruption caused by coronavirus, and beyond, you owe it to yourself to schedule an uninterrupted 30 minutes to watch this interview with Platinum Mastermind Group alumni Maureen Doron. In it she's shares her "clienteling system" and, trust me, it's awesome!
In this special bonus episode, we'll talk to a certified small business advisor, Eric Seifert of Left Coast Capital Resources about what is available from the SBA, what might happen with the current legislation, and get his practical advice on how to deal with this financial situation.
Here are some possible helpful resources for you as you plan and prepare for the spread of COVID-19. Bonus… they are all great resources even if the spread is very well contained and the effects are very mild!
If you are looking to decrease expenses, consider having PayRoc give you a free quote on your merchant processing fees. They saved us many thousands of dollars in fess each year, and they could be able to help you. Right now they are having a deal where they guarantee they can meet or beat your current rates – or they will give you $1,000!
If you’re interested, contact Dan Housman from PayRoc. Sure couldn’t hurt to get the quote.
Manage Your Business
If you want help with your inventory open to buy planning, your inventory flow, as this situation unfolds, then the team at Management ONE can help. Get in touch and they will do a free financial review to find out how or if they can help you.
To learn more, contact Marc Weiss at Management ONE.
Retail Sales Academy
If you want to maximize the potential of every customer who comes in the door and give your team superior sales training, the Retail Sales Academy is for you. It does more than just train your team, it helps you build a long-lasting service culture that sells. You can learn more and sign up at RetailSalesAcademy.com.
Social to Sale
Leveraging your social media presence and keeping up to date on what’s working is going to be a critical component of your success – no matter what happens in your area. Our favorite social media expert for store owners is Crystal Vilkaitis and you can email Crystal to learn more about her Social to Sale program
This platform is a great way to sell online using your existing social media accounts. It’s kind of like adding a mini online store!
Coronavirus and Independent Retailers - Episode 3 - 3/18/2020
Coronavirus and Independent Retailers - Episode 2 - 3/17/2020
Coronavirus and Independent Retailers - Episode 1 - 3/16/2020
Thoughts on the Coronavirus from Bob Negen - 3/14/2020
Uncharted Territory - March 3rd, 2020