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Course Title MI Management: Bryan McCann, President Instrumental Music.

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Presentation on theme: "Course Title MI Management: Bryan McCann, President Instrumental Music."— Presentation transcript:

1 Course Title MI Management: Bryan McCann, President Instrumental Music

2 Three locations in Southern California

3 Background- History Instrumental Music is a three-store chain located in Southern California. Established in 1979. An agressive strategy of market differentiation has enabled the store to prosper in a highly competitive marketplace. Present market conditions demand a focused inventory, knowledgeable staff and exemplary customer service.

4 Implementation of "best practices" Research and implement industry-wide best practices. Partner with key vendors to increase your buying impact. Always be a student, stay ahead of industry trends. Implement & master an integrated POS software package adjust your operations to accommodate POS work-flow. Create a highly differentiated store persona with a unique selling or educational emphasis.

5 Adapting to a changing marketplace: Embrace change as a competitive advantage. Anticipate new trends - respond quickly. Study your competitors - Take market share. Create growth with specific plans that: 1. Get more customers 2. Sell more to existing customers

6 Set realistic sales & promotional goals Goals drive growth and innovation. Track weekly sales progress vs goal. Set deadlines for events and promotions. Recap results vs goals, encourage accountability.

7 Cultivate vendor partnerships Strategically work with your key suppliers. Focus buying and inventory around key vendors. Pay all bills on time - take all terms discounts. Encourage staff through commission and sales spiff Incentives.

8 Leveraging staff with Google docs Improve communication within the organization. Gmail accounts - No expensive infrastructure. Google calendar - Great collaboration tool. Google Docs- Great way to share information.

9 Cherish your best customers! Exceed customer expectations at each point of contact. Create a customer-driven store culture. Encourage "relationship selling" with personalized contact and follow-up. Communicate with your best customers regularly.

10 Promotion: Direct Mail In-store buyers guide

11 Professional Development - Leadership Leadership - Become an expert in your business. Establish clear standards for the company. Be hands-on with critical issues. Choose leadership & accountability over popularity. Encourage candor and excellence with all staff. Have fun - We are fortunate to market & sell dreams!

12 Bryan McCann, Founder, President Instrumental Music For info on direct mail buyers guide production Bryan@instmusic.com


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