HOW TO VALUE

ETAIL BUSINESSR

Friday, 19 July 13

What Is A Retail Business

• Retail Business is a business that sells goods and services to consumers. • People who run this kind of business are called retailers who are the part of an integrated system called the supply chain.

• A retailer purchases a large amount of goods from the manufacturers directly or through a wholesaler.

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Retail Business Today

• Contrary to public opinion, retail business is not dead.

• It is true that in today's market there is much more competition than ever before in retail business.

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Retail Business Today

• Any business that is not able to adjust to new technology and modern consumer needs is suffering to the point of probably being about to go out of business.

• The greatest change affecting retail business today is the advent of the internet.

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• While the internet is only 30 years old, many businesses, including larger businesses, have yet to come to terms with what they should be doing in response to this massive assault on its market.

Retail Business Today

Friday, 19 July 13

Methods of Retail Business Valuation

• The value of a retail business depends upon the various factors like profit, assets and market sale of similar businesses.

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Methods of Retail Business Valuation

• Refer to our blog (www.valueabusinesscom.au/blog) for more information on asset value method, income value method and market value method.

• Being able to properly value the business will give you an idea of what is a fair market price to ask for the business and will influence the person looking to buy.

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Ways To Increase The Value Of A Retail Business

• Always make it easy for the consumer to do business with you.

• G r o w c u s t o m e r loyalty by sensible use of both old media and new media.

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Ways To Increase The Value Of A Retail Business

• Develop a membership card and provide special offers to the members whenever they shop with you.

• Always engage your customer in the sense that you should make the customer feel like they are valuable.

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Ways To Increase The Value Of A Retail Business

• Make your business like a community where people feel great dealing with you.

• Train your staff well so that every time a consumer comes in they have the same good feeling.

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Ways To Increase The Value Of A Retail Business

• Whether you are online or offline or a combination of both, make sure that you merge the two retailing methods so that one serves the other.

• S e t u p m a r k e t affiliations where you a n d o t h e r r e t a i l e r s combine to make offers to customers.

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For Advice On Your Business Valuation Or Sale

BCI Business BrokersTony Arena (Managing Director)

3/1 Alexander Street, Crows Nest, NSW, 2065

Phone: +61 2 9439 3399Mobile: +61 411888148

Email: tarena@bc.com.auwww.bc.com.au

Friday, 19 July 13

Maximise Business Value

For help in maximising your business value

take a look at our products here

http://bc.com.au/maximise.html

Friday, 19 July 13

For A Free Consultation On The Value Of Your Business

Visit our website: www.valueabusiness.com.au

Friday, 19 July 13