Wondering how to save money? - BikeBiz

Wondering how to save money?

Are you a bike retailer looking to pinpoint losses and maximise turnover? Then read this…
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With retailers facing an increasingly tough economic climate BikeBiz asked the bike industry to share advice on how to tackle costs and make the most of consumer cash.

Willy Bain of Bicycle Repairman, Glasgow, told BikeBiz: “My advice to other retailers would be to optimise what you’ve got and not be afraid of the workshop."

He added: “Don’t be afraid of your competition. Once in a while the local cycle traders from round here get together for a curry to discuss prices and trends”

Mark Brown of ACT / ActSmart encouraged retailers to make the most of employees: “If you do employ staff now is the time to make sure you are getting the most value for your investment. Cutting staff in tough times is obviously the quickest way to reduce costs, however it can also hurt your business by reducing quality of service and sales. Get all your staff focused on the bottom line. Consider new incentives for improving sales and turnover.”

For more on the trade’s advice on maximising turnover and cutting costs - head over to our feature here.

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