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Non-Cattle Specific Topics
Coffee Shop
Speculators are necessary
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<blockquote data-quote="TexasBred" data-source="post: 800143" data-attributes="member: 6897"><p>A store that has a bag of sugar or anythng else sitting on the shelf that long should have shut down long ago. Inventory management is something everyone needs to learn and use. The big boys have learned it and the small ones better too if they plan on staying above water. Wouldn't hurt to learn to calculate weighted averages too and never replace anything that has to be discounted to move. Haven't seen anybody here that let's inefficient cattle hang around so same applies to ratailers. You don't have to match the price of the big boys. Just price your stuff to where it's not worth their time and money to drive to the big boys place for the small savings. A good example is a convenience store/bakery located about 60 miles from me. Had 18 million in sales last year....over 5 million in NET profit. It can be done.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 800143, member: 6897"] A store that has a bag of sugar or anythng else sitting on the shelf that long should have shut down long ago. Inventory management is something everyone needs to learn and use. The big boys have learned it and the small ones better too if they plan on staying above water. Wouldn't hurt to learn to calculate weighted averages too and never replace anything that has to be discounted to move. Haven't seen anybody here that let's inefficient cattle hang around so same applies to ratailers. You don't have to match the price of the big boys. Just price your stuff to where it's not worth their time and money to drive to the big boys place for the small savings. A good example is a convenience store/bakery located about 60 miles from me. Had 18 million in sales last year....over 5 million in NET profit. It can be done. [/QUOTE]
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