How to start a Mini Supermarket - YourRetailCoach
Shopping for essentials will always be a major priority for everyone. It can be vegetables, milk, bakery items or shopping for daily items like hand-wash the shopping list is inseparable from our daily lives.
A mini supermarket business plan requires below factors to be considered
1. Business Model
An effective business model must capture the planned overall functioning, must be comprehensive and detailed.
Location is a major factor and the location choice plays a critical role in the success matrix.
3. Store Layout Finalization
A well planned layout adds value to your enterprise and is a major contributor for high customer footfalls.
A correct branding strategy helps you in creating your unique place in the market and adds value to customer relationship management as well.
Recruitment for the store entirely depends on the team/ organization structure and will need to be dynamic.
6. Purchase function & Finding reliable suppliers
Purchase planning is crucial to increase profitability and once the product mix is finalized you need to chalk out the goods procurement strategy and shortlist vendors.
A centralized and well documented SOP is the key element which helps each department to function effectively.
8. Grocery Store Management Software
ERP software captures customer data during each purchase and basis the same helps you identify your loyal customers and also has other advantages. Overall it is very time saving.
9. Marketing Planning for next 3 months
This step helps you to visualize long term profit goals and the steps which are required to be taken today to reach that goal.
10. Launch Preparation
The launch preparation includes various factors like store interiors,ERP software installation, Store signage and many more. A flawless checklist will ensure a smooth store launch
YRC is a retail consulting firm (https://www.yourretailcoach.in/
Page Updated Last on: Jan 12, 2021