Plan Your Best Retail Year Ever (Part 2) | Episode 41

Plan Your Best Retail Year Ever (Part 2) | Episode 41

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Episode Summary:

We can’t predict if we will have any more bumps in the road in 2021. 2020 has been a big mountain and detour for all of us, but at least we know where we’re headed. 

Everybody has been asking, how do we plan out 2021? Throughout 2020, many independent retailers are thriving. And that’s fantastic. We all want to succeed. But before making plans for the future, we must look back at how our current year was. Previously, we discussed five prompts for year planning in Part 1 of my “Plan Your Best Year Ever” series – Episode 40 of The Creative Shop Talk Podcast last week.  

In this week’s episode, Part 2 of my “Plan Your Best Retail Year Ever” series, we are going to talk about looking forward. To do so, I share three prompts that will help you plan for 2021. What do you want the new year to look like? We talk about revenue and the importance of understanding how to read our financials. I also describe the process of breaking even. Inside my Retail Made Simple course that starts in January 2021, you could learn more about finances as we talk about the topic in depth.  

I want you to make enough money into this retail business. Let’s start planning. Let’s make life possible. You can join my retailer’s Inner Circle for networking with other like-minded retailers. 


Plan your best retail year ever by following one of our most popular series:

Click here for Part 1 – Why looking back is key and what to look for
Click here for Part 2 – Look forward to plan – revenue and finances
Click here for Part 3 – What do we need to do to get where we want to go
Click here for Part 4 – How to put all the pieces together and reach your goals

This week on the Creative Shop Talk Podcast:

  • Planning for 2021
  • 3 prompts for planning 2021
  • Where do we want to go
  • What would make us feel good
  • Knowing your numbers
  • What revenue do you need to get to where you want
  • What do you want to be known for in your community
  • Creating a marketing plan to feed in revenue


The Big Takeaway:

Without knowing where we want to go and how do we want to get there, we might not make it. If we don’t make a month-to-month plan as we move forward, we’re not going to know if we’re doing well or not.


Our Favorite Quotes:

  • “Is more important now than ever to have a clear path to where we’re going.” – Wendy Batten
  • “Everybody’s idea of a successful year is completely different.” – Wendy Batten
  • “To run a business, the number one thing we need to do is know the math.” – Wendy Batten


Our sponsor:

Online Course: Retail Made Simple

It’s a four-week course that I run every January for retailers to help them uncomplicate all the business stuff.


Subscribe, Connect & Share Your Favorite Episodes

Thanks for tuning into this week’s episode of the Creative Shop Talk Podcast. If you enjoyed this episode, please head over to Apple Podcasts or Google Podcast to subscribe to the show and leave your honest review. For more great content and helpful tips to grow your creative retail shop, visit our website. Follow us on Facebook and Instagram, subscribe on YouTube, and don’t forget to share your favorite episodes with other creative retailers.

5 Goals to Set for Your Retail Business in Q3 | Episode 20

5 Goals to Set for Your Retail Business in Q3 | Episode 20

It starts with a plan, my retailer friends. 

Just last week, our Retailer’s Inner Circle sat down for a 3-hour strategic Q3 and Q4 planning session. It sounds intense, but it’s really not because a quarter is only 90 days! I meet many brick and mortar business owners who are just winging it and don’t bother to have a plan. So in today’s episode I’ll break down your Q3 into 5 major goals. Let’s go!


Move your biz forward with my freebie download

Download the Shop Owner’s Game Plan. It’s free and will help you plan out 7 big moves for your retail business.

Interested in 1v1 private coaching?

I have a few spots left for Q3:  Click here to sign up. 


Get on the waitlist: 

Creative retailers, studio owners and booth space owners are working together in my monthly group coaching program. Click here to sign up for the waitlist.

Let’s Continue the Conversation

Join our Rockstar Creative Shop Owners Facebook Community

Let’s Connect: 

Subscribe to Creative Shop Talk

Here’s what to do next, subscribe to Creative Shop Talk and then head over to our private Facebook community to meet other creative retailers

I could really use your help getting my new podcast going and helping retailers find the show. Would you please leave me a review?  Just click here to review, select “Ratings and Reviews” and “Write a Review . I may pick your review to highlight on an upcoming episode. Make sure you leave your business name, Instagram handle and location so I can give your shop a shoutout. 


XO Wendy


Extra Resources for Retailers:

Please read my Facebook post for updated information and resources for retail business owners.

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