Retail Observer

August 2024

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

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RETAILOBSERVER.COM AUGUST 2024 4 Eliana Barriga eliana@retailobserver.com Flip the script! AUGUST 2024, VOLUME 35, ISSUE 8 CELEBRATING OUR 35 TH YEAR AS THE RETAIL OBSERVER PUBLISHER/MANAGING EDITOR ELIANA BARRIGA DIRECTOR OF SALES AND MARKETING MOE LASTFOGEL ART DIRECTOR TERRY PRICE CONTRIBUTING WRITERS STEVEN MORRIS DAVID OLIVA JOHN TSCHOHL LIBBY WAGNER DEADLINE FOR OCT. 2024 ISSUE: SEPT. 1, 2024 THE RETAIL OBSERVER 2764 N. Green Valley Pkwy, Suite 508 Henderson, NV 89014-2121 702.208.9500 Fax 702.570.5664 production@retailobserver.com info@retailobserver.com www.retailobserver.com To receive a copy of The Retail Observer online, or to unsubscribe, please go to www.retailobserver.com/subscribe Elle's View As I See It A lmost eight years have passed since my car accident. I had no idea the long-term ramifications of that fateful night. The doctor said, "Your life as you know it will be forever changed, and everything in your life will be up for re-evaluation." Well, his prediction is continuing to unfold in my life. This pivotal realization catapulted me headlong into the process of evaluating and editing the script of my own life, a process we can apply to our businesses as well. Acknowledging that you have the power to edit out the things that are no longer serving you personally or in your business allows you the ability to replace them with new systems, ideas, and influential people. Are you looking for ways to take your small business to the next level? Where do you want to be one, five, and 10 years from now? What is it going to take to make that happen? Start by re-imagining your company from the ground up. Get out the red pen and start editing. For starters, begin by finding ways to stay relevant in this rapidly changing marketplace. Use publicity to gain exposure for your company by giving locally. Publish content on your website your customers can find beneficial to their everyday lives. Consider engaging influential bloggers that have large fan bases to significantly boost your company's reputation. Evaluate your current business relationships — are they beneficial for both parties? Does that vendor bring to the table the benefits they claimed when they were first wooing you for your business? Is that employee enhancing your customers' experience or contributing to the overall helpful can-do climate of your business? If not, perhaps some thoughtful communication is in order. If that doesn't remedy the issues, it may be time to do some housecleaning to find individuals more suitable with which to partner. With a solid plan, you will be able to capitalize on new avenues for your business. So get busy re-envisioning the future of your company NOW! What are you waiting for? THE RETAIL RE-ENVISIONING BUSINESS AND LIFE SCRIPTS

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