in business 9 months in retail how long

funkylady

Registered User
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how long did it take for your buisness to establish its self ,i am in a 10,000 overdraft i never seem to be fully out of it ,i know it takes a while any advice
 
Re: in buisness 9 months in retail how long

Have you tried doing some forecasting or cashflow analysis?

If you have 9 months of data, you should be able to begin to get a reasonable picture of where your business is going.
 
Re: in buisness 9 months in retail how long

i am in the shoe buisness not done analysis yet
 
Truth is there's no golden rule. I know of several business that accrued signifanctly larger debt before coming into profitability and others that werent so lucky.

Just try and keep on top of what you can, i.e staff sales skills, store layout, product line. If you do and it doesnt work it may be down to location or cost control.