Retailers Forum Sept. 2014 Sept 2014 | Page 80

FORUM WORKSHOP Forum Workshop Highly skilled or low skills, peo8 8 ple can, in fact, be replaced. But it will take new people time to • learn your business procedures. S If you have to train new people in E the middle of an expansion, you P T are going to have a difficult time. E Why not wait until your employM ees feel well paid, dedicated, B and willing to assist you with E R your expansion. Whatʼs the rush to get bigger? Are you afraid your competitor will do it first? 2 0 Could be, but so what. Doing it first only counts 1 if you can do it well and keep doing it. First 4 doesnʼt count if your valued employees quit and your company goes broke because you donʼt have the time to train their replacements. Let someone else be “first” under those conditions. When they quit, pick up their customers. If you sell gifts, you should always try to be first. But gifts change constantly. So whenever you enter the market, you have an opportunity to sell “the new.” But if you plan to publish a monthly magazine, once you start it is a mistake to tell people who signed contracts and paid their deposits for upcoming issues that you changed your mind and want to take a few months off. They probably wonʼt do business with you again, judging from the history of one local publication. Be realistic. Examine all the factors. Donʼt react to the competition; make sound business decisions and let competitors react to you. continued.. High Quality Silk Screened $6 T-Shirts! Special for Retailers any 10 for $50 F O R U M Mix and Match Great variety for all Size Stores www.6BuckShirts.com