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. 

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

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.