Retail in Detail: How to Start and Manage a Small Retail Business

By: Ronald L. Bond

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Synopsis: It is estimated that nearly 70,000 retail businesses are started a year. Retail in Detail takes you through all the steps of planning, opening, and managing a retail store of your own, beginning with an honest assessment of whether you are really suited to be running a business. Instead of focusing on economic theories and obscure business concepts, this guide addresses daily problems of store operations such as: The ins and outs of wholesale markets; Pricing and credit policies; Inventory tracking and using computers; Employee relations; Store location, image, and merchandise displays; Retailing on the Internet; Selling your business. Retail in Detail also provides sample worksheets and tables: Monthly expenses chart; Buying budget; P/L statement; Inventory; Stock card. Includes a glossary of terms, a retail publications list, and locations of major wholesale market centers.