Understanding the numbers
Finance is an essential of any business and ultimately, the objective is to deliver a profit.
Before commencement on a new project, it is important that there is an appreciation of the investment required to deliver the level of desired success. There are costs in terms of creating a new brand but then also a ‘cost of doing business’ with the major multiple sector.
Our financial knowledge is able to provide guidance on the varying costs associated to working within the industry. We have tools to be able to cost promotions and associated volume uplifts as well as an understanding of the volumes that are likely to be achieved. If applicable, this can be built into a final business plan.
One key aspect of our support is analysis of data once product is in store. We have experience in extracting data from each of the retailers EPOS systems and converting it into sales reports and tangible actions to continue to drive business forward and build on initial listings.