How do you manage sales and profit and loss (P&L) to effectively run the store?

Question

Accepted Answer

To run the store effectively, focus on increasing sales through marketing strategies, optimizing costs, and analyzing P&L statements regularly.

Implement marketing strategies to attract more customers and increase sales.
Optimize costs by reducing waste, negotiating with suppliers, and improving operational efficiency.
Regularly analyze P&L statements to track revenue, expenses, and profitability.
Train staff on upselling techniques to increase average check size.
Monitor inventory levels to prevent overstocking or stockouts.
Utilize technology such as POS systems and inventory management software to streamline operations.

Accepted Answer

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