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How to grow retail business from 01 to 50 stores in 2023

Growing your retail chain business means being more systematic and less chaotic
Your systems are chaotic if the business owner or the leadership team is involved in day-to-day operational firefighting
In this scenario any retailer can never expand.
The key ingredient to expand to multiple chain retail store is to find the processes which are chaotic or unorganised and work on them in order to automate them
Example: Warehouse is taking longer to distribute goods to the stores
The inventory turnover ratio is too high
You are unable to decide how much and what exactly to purchase
You are not able to control your pilferage
You are struggling with staff recruitments
and the list goes on
First streamline all the key processes across the value-chain
define SOPs so the owners need not steer the company and can be managed by middle level management
This process takes time, but worth putting the efforts, as its an one-time activity to set your foundation strong
Thus, designing your SOPs will grow you from 01 store to 50.

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