Hi,
So you may be wondering why I named the topic that? Well, it`s because starting a retail business can be like the job you perform in the day to day in the military.
They have methodical approach to any given situation and try to follow a set of rules for approach, engagement, and yes, sometimes retreat. When a G.I. is not able to follow the methodical approach, improvisation is a must. The traits you see in a lot of military personnel are also the traits you see in a great leader.
We`ll use an acronym for building a business. S.A.L.E.S.
Search for information about the business you want to start.
Approach any suppliers who may help you in your endeavors.
Learn who your customers are.
Educate customers about your merchandise or services.
Supply the customers with the merchandise or service your customer needs.
Searching for information is one of the most time consuming parts of building a business. You`ve got to research pricing, competition, and who your initial target market is. The search process is a never ending battle. As Forrest Gump once said, "Life is like a box full of chocolates, you never know which one you will get." You`ve got to search the box for the ones you want.
Approaching suppliers can be difficult as well sometimes. You may get lucky and find that right supplier right off the bat. Sometimes you won`t. You have to filter through the junk suppliers and find the golden ones. You can do it. Remember, finding a supplier is like hiring an employee to watch over your money. You have the final say in the decision of using that person. If one supplier doesn`t work out, don`t be afraid to look somewhere else.
Now, you`ve got to learn who your customers are. This is easier said than done. I provide military clothing, equipment, and accessories through my retail business. I thought, at first, my primary market would be the generic soldier. Boy, I was wrong. Although I do sale to a large audience of military personnel, my primary market is the civilian, ages 28-39, looking to address the styles of their wardrobe with an average income range. You`ve got to find out who you are selling to.
Educating your customers about your merchandise and/or services is one of the most important steps to take in business. A lot of times, you will run across people who are knowledgeable about your products or service and know why they are purchasing from you. You`ve got to educate the ones who don`t know why they should purchase from you. Separate yourself from your competition. And you will have competition. If you are like me and sell a fairly specialized product, you`ve got to let the customer know the specifics of your products and what all they can be used for. When I worked for a Land Surveying firm while building my business, I asked for a contract to supply the stake bags to my employer. I sold him on the idea of the a military duffle bag being able to hold at least one bundle of stakes while providing the most comfortable transportation method for the stakes for the worker. Believe me, if you`ve ever carried a bundle of 50 wooden stakes (each 2 1/2` long) over a distance of 3-4 miles, you`d know why comfort would be a selling point.
Supplying the customer with his or her needs may mean you have to adapt in business. Will you be able to meet the demands of your potential customer? Can you overcome any obstacle which stands in your way? Can you adapt your salesmanship to the given sale? Can you improvise to meet and exceed your customer`s expectations?
I know that I lean towards the retail end of business in this post but you can apply all of this to a service industry as well. If you offer a janitorial service, you`ll have to find the suppliers of your paper towels as well.
I work with an ecommerce business who specializes in helping business minded people gain a presence on the internet. Since I`m former military, most times the ones who are either active military, inactive, or retired usually approach me. I`m not the smartest fellow in the world but do follow through to the best of my ability.
You`ve got to learn your objectives. You`ve got to engage your customer. Think of it as one big military campaign. Then you can set up your sub-goals much easier.
Dan




It`s amazing but some GI`s have told us that we have lower prices than the commissary even without the tax break.