A sari-sari store can pave its path to success by embracing three essential principles. Avoiding credit sales ensures a stable and predictable cash flow, safeguarding the store from potential financial risks and bad debts. Closely monitoring inventory is crucial to maintaining optimal stock levels, reducing wastage, and meeting customer demand effectively. A well-managed inventory keeps the store well-stocked with popular items, enhancing customer satisfaction and loyalty.
Listen to this episode know the reason why sari-sari stores fail and the 5 Tips for Your Business to Succeed.
Who is Mommy Negosyo?
Myrna “Mommy Negosyo” Tam-Natividad is the first-ever Female Entrepreneur of the Year Awardee of the Department of Trade and Industry in Zamboanga City for 2017 and the prime developer of Grow Your Business, Pinoy! Roadmap® (GYBP! Roadmap®). She was also chosen as one of the 100 Most Influential Filipinas in 2018 by the Global Association of Women called Filipina Women's Network based in the US.
Highlights of this episode:
Why you should not sell on credit?
Importance of monitoring inventory.
Keys to Success for a Sari-Sari Store
Provide excellent customer service is a must
START RIGHT: Avoid Mistakes in Starting Your Business with The Business Basics!
For your investment in time and money, you'll get to :
Save Lots of Money - You'll learn a lot, but I guarantee that you'll learn AT LEAST ONE thing that will allow you to save, maybe hundreds of thousands, or maybe even millions of Pesos by not having to do it with so much trial and error.
Save Lots of Time - You'll save at least the 20 years I had to go through, committing one mistake after another, before I could learn all these lessons, so that you won't have to go through them through trial and error again.
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Enroll here: https://businesspinoy.systeme.io/enroll-bbb
Connect with Mommy Negosyo:
Website - https://www.growyourbusinesspinoy.com/
Instagram - https://instagram.com/MommyNegosyo
Facebook - https://www.facebook.com/mommynegosyo/
Purpose Driven Business Builder Facebook Group - https://www.facebook.com/groups/purposedrivenbusinessbuilders
Grow Your Business Pinoy Facebook Group - https://www.facebook.com/groups/GYBPMovement
YouTube - https://www.youtube.com/c/MommyNegosyo
TikTok - https://www.tiktok.com/@mommynegosyo
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