Speaker:

This episode of the Resilient Retail Game Plan is brought to you by

Speaker:

Sumup, the ideal payment provider for growing businesses

Speaker:

like yours. SumUp's got payment solutions that work for everyone

Speaker:

from pocket sized card readers to full till setups. They've got you

Speaker:

sorted. Multi network connectivity means your devices stay

Speaker:

online and never miss a sale and with transparent pricing

Speaker:

there are no nasty surprises or hidden fees.

Speaker:

Start building your setup and get 10% off hardware over

Speaker:

on their online shop with the code gameplan10.

Speaker:

That's gameplan10 valid till the 14th

Speaker:

of February. If you're

Speaker:

doing well on paper but the business feels heavier than it should, growth is

Speaker:

starting to feel stressful rather than exciting, then this

Speaker:

episode is for you. Welcome to the

Speaker:

Resilient Retail Game Plan. I'm Catherine Edley and in the next few minutes

Speaker:

you're about to get powerful real world retail strategies from

Speaker:

insights shared both from my guests and myself, backed up by my

Speaker:

25 years in the retail industry. Keep listening to learn how to

Speaker:

grow a thriving, profitable product business. Let's jump in with

Speaker:

this latest episode. Today I want to talk about something I'm

Speaker:

genuinely really excited about and that's Retail by Design.

Speaker:

I am just about ready to kick off the 10th

Speaker:

cohort of my one to one program retail by

Speaker:

Design. And this year I have taken all of my

Speaker:

learnings from working with over 60 businesses across the

Speaker:

last two and a half years. And I have taken

Speaker:

all of those learnings and the work that I've done with people where it's worked

Speaker:

really well and I've made some adjustments to the program and I'm super

Speaker:

excited about that because I feel like this version reflects everything

Speaker:

that I've learned from working with product businesses over the last few years.

Speaker:

So why did I create Retail Bar Design? Well, I launched it originally

Speaker:

in 2020 because I recognized that

Speaker:

I had group programs such as Retail Sales Game

Speaker:

Plan for example, but I really enjoyed working with people in

Speaker:

a much more in depth way. I've actually worked with people as a one

Speaker:

off or as a mentor, ongoing mentor

Speaker:

since 2018, so nearly eight years now. And I

Speaker:

wanted to take that one to one support which I know is really, really important

Speaker:

for when your business gets to a certain point. And I wanted to take it

Speaker:

and put it into a program that was designed to to wrap

Speaker:

around the founder, lift them up and give them the support that they needed. So

Speaker:

that was the original thought process behind Retail by Design. All about

Speaker:

how can I best support founders and give them everything that

Speaker:

they need to succeed and to help them manage some of the stress

Speaker:

points as they grow. There is a stage where people get out

Speaker:

of that feeling of the only thing I need is more sales. Once

Speaker:

they've locked in who their customer is, what product is that they're selling,

Speaker:

they're starting to see some data, decent revenue. The idea that a lot of

Speaker:

us have is that once you get to that six figure stage or whatever it

Speaker:

might be, that it'll suddenly start to feel easier. But it

Speaker:

definitely, in my experience, talking to lots of different people over the years,

Speaker:

it doesn't feel like that it gets heavier, the sales are coming in, but

Speaker:

decisions feel riskier. Things like stock, cash flow,

Speaker:

planning all starts to live in your head. It turns into you reacting instead

Speaker:

of leading. And it's not about a motivation problem, it's a

Speaker:

structure problem. The big phrase with retail by design is what got

Speaker:

me here isn't going to be what gets me there. It's also a recognition

Speaker:

that we can self teach a lot about running a business,

Speaker:

but you will get to the point, especially for product business, where you'll identify that

Speaker:

there are things that you just don't know or you don't know what you don't

Speaker:

know. And all of this can be quite difficult because what happens is as the

Speaker:

business grows and gets more successful, everyone also assumes that you're doing

Speaker:

brilliantly. So it can be harder to find who to ask, it can

Speaker:

be harder to find who can help you see what the path is to move

Speaker:

forward. And it can be harder to find the answers that you need

Speaker:

and the support that you need. Everything that I do is extremely specialized. I only

Speaker:

work with product businesses, I only work with E commerce or bricks and

Speaker:

mortar or wholesale first businesses or people who are a mixture of

Speaker:

all three, which is more common than you might think. So retail by design it

Speaker:

is for established product businesses. They are usually at six

Speaker:

figures or beyond. They are people who have identified that they've got great

Speaker:

products, strong potential, they really understand who their customer is,

Speaker:

they are action takers. But the founder is

Speaker:

beginning to feel stretched, decision fatigued, and they want clarity

Speaker:

and calm, not more tactics. As I said, one of the biggest myths that

Speaker:

I see is people feel like once you hit a certain revenue level then all

Speaker:

of your problems will go away. But what I see instead is that you get

Speaker:

to a certain point where relying on instinct, relying on your

Speaker:

ability to wing things, relying on the fact that you're

Speaker:

probably really, really intuitive business owner and you really

Speaker:

understand what your customer wants and the products that they want, which has really helped

Speaker:

you get to the point that you're at. But now what you need to do

Speaker:

is introduce a certain amount of structure. So Retail by Design, as I

Speaker:

said, it is a essentially a one to one program at heart. It's six months

Speaker:

high touch. It's not a course, it's not diy. It

Speaker:

is ongoing support, planning, decision making, space and it

Speaker:

focuses on structure, clarity, better decisions and sustainable

Speaker:

growth.

Speaker:

So what has changed this time is that I'm also

Speaker:

incorporating into Retail by Design the services of my

Speaker:

done for you service Stock Doctor. So Stock doctor is

Speaker:

a brilliant service for you if the main thing that you have an issue with

Speaker:

is stock. If you are an independent retailer, for example, or an

Speaker:

E commerce brand and you feel like I've pretty much got everything nailed, but

Speaker:

I really don't understand stock or I really feel like I should be paying myself

Speaker:

more or I really feel like there should be more money in this business and

Speaker:

I just don't have a handle on stock. I don't feel confident about it.

Speaker:

Then Stock Doctor is for you if you are somebody

Speaker:

who thinks all of those things, but then you're also thinking, well, I'm kind of

Speaker:

at a crossroads. I really want to decide where I take the business now. I

Speaker:

feel like there are so many different parts of this business. I don't know what

Speaker:

support I need, what structure I need, what strategy I need, or you're

Speaker:

undergoing a major change, for example, opening a shop or moving

Speaker:

to a different fulfillment center or anything like that, and you really feel like you

Speaker:

need some support with that, then Retail by Design is

Speaker:

for you. So when I talk to people on calls to discuss

Speaker:

my services, I'm usually listening for if they

Speaker:

say everything's fine, but I just really would like to get my stock under

Speaker:

control that sits under Stock Doctor. If they're saying I really want to

Speaker:

understand my numbers more and I really want to look at the business as a

Speaker:

whole, then that to me says Retail by Design. But what

Speaker:

I found was that when I was doing Retail by Design previously, a lot

Speaker:

of the founders, they also had the need to understand more about their stock, to

Speaker:

have it managed for them, to have somebody sitting them down and telling them exactly

Speaker:

what was going on. And so therefore it was something that I

Speaker:

realized that having both stockdoctor and

Speaker:

Retail by Design together was a powerful combination. In fact,

Speaker:

I had some clients who did both of them at the same time, both

Speaker:

stockdoctor and Retail by Design. And it was so beneficial, it worked

Speaker:

so well in tandem that I decided to make it part of the

Speaker:

core program. One of the things that makes growth feel really

Speaker:

scary and uncertain is because the numbers feel uncertain. And

Speaker:

so having somebody taking care of your stock, which is for most

Speaker:

people the biggest expenditure that they have in their business, it felt like a no

Speaker:

brainer to work with a stock doctor and myself to

Speaker:

give the person in retail by design the benefit of two

Speaker:

experts looking at their business. So in terms of how that

Speaker:

breaks down, then the stock doctor looks at sales and stock

Speaker:

every month, keeps plans up to date, flags risks early,

Speaker:

maybe things that you might be selling out of, or things you need to buy

Speaker:

more of, or things that you're sitting on that are trapped cash that could be

Speaker:

freed up to make the business more profitable. They are experts

Speaker:

at modeling. This is something that I really can't stress enough if you are a

Speaker:

fast growth business. For example, stock doctor is able to come in and

Speaker:

model what stock you would need based on various different

Speaker:

scenarios. And they're also able to adjust

Speaker:

those each month when they update your plans based on what actually

Speaker:

happened. So all of the stock doctors that I have working with me, they all

Speaker:

have a really strong deep retail merchandising

Speaker:

background. And running different scenarios and looking at the impact

Speaker:

of growth is something that is second nature. They are able

Speaker:

to really help with that modeling, help with buying

Speaker:

decisions, help understand how to make the stock work

Speaker:

harder, how to free up their profit. And

Speaker:

the amazing thing about stockdoctor is that it 100%,

Speaker:

based on the numbers that we've run, is something that pays for itself. For

Speaker:

example, when we looked at the data behind people who had worked with

Speaker:

a stock Dr. For six months, they were seeing 10% more sales with

Speaker:

10% less stock, which for many of them, based on around a

Speaker:

50% margin, meant that they were adding around 5,000

Speaker:

pounds additional profit per 100k of revenue.

Speaker:

And that was after the cost of the program. So we

Speaker:

designed Stockdoctor and delighted to see it paying for itself and

Speaker:

making a real difference not only to the bottom line for retailers,

Speaker:

but also to their peace of mind. So it's a really, really

Speaker:

powerful program. The way that the combination of them

Speaker:

works is that you get your monthly support call with your stock

Speaker:

doctor to go over the numbers, to go over the plans,

Speaker:

and to go over any decisions that you need to make about buying, as well

Speaker:

as giving you really great insight into trading actions that you

Speaker:

can take, not adding extra things to your to do list, but all of those

Speaker:

things that you have to do anyway. This is not about adding to your to

Speaker:

do list. So you always have to do your marketing, you always have to do

Speaker:

your buying. But Stockdoctor is able to give you direction on both of

Speaker:

those things so that you are able to do them more effectively and

Speaker:

without the guesswork. And then you have a monthly strategy

Speaker:

call with myself. So Retail by Design starts with a kickoff call with

Speaker:

me. We map out the six months, what it is you want to achieve. We

Speaker:

identify the areas of the business that you want to work on. You'll then

Speaker:

also meet the stock doctor, have them do a full audit of your sales and

Speaker:

stock to understand where you're at. So you've got those two tracks of support, one

Speaker:

all about strategy and one all about stock. So you've got the two

Speaker:

together, giving you space for decision making,

Speaker:

focus, time and headspace. And then Retail by Design also

Speaker:

comes with a whole host of other benefits such as ongoing support

Speaker:

with myself via email or voice note so that you can ask me anything you

Speaker:

like in between sessions, weekly group calls where you can

Speaker:

check in, jump in, say hi to other people in the cohort,

Speaker:

ask other questions of myself or other people. And you also

Speaker:

get work with a Mindset Coach. You get three sessions across

Speaker:

six months with our fabulous mindset coach, Annabel, who is just

Speaker:

really brilliant at helping you work through any of those

Speaker:

mindset issues that come up when people are building businesses.

Speaker:

The transformation with Retail by Design As I said, I'm so excited

Speaker:

about adding in Stock Doctor as well because we already saw such great transformers information

Speaker:

founders moving from feeling really reactive to feeling much calmer.

Speaker:

They're able to make decisions more proactively and with confidence.

Speaker:

They second guess themselves less often. They have a clear plan

Speaker:

that they can trust and they feel supported in their business.

Speaker:

And now with the stock doctor element, we know that that is all taken care

Speaker:

of. So even if you're having a busy month, you've got a crazy quarter,

Speaker:

then somebody is there running those plans for you, updating you each month.

Speaker:

So it really reduces the amount of time that you as the founder have to

Speaker:

spend doing work on your numbers because they are being done for

Speaker:

you. Feeling overwhelmed, stuck in

Speaker:

reaction mode and tired of winging it. Retail by Design is my

Speaker:

six month, one to one program for six figure product founders who are

Speaker:

ready for clarity, strategy and proper support. Using my

Speaker:

signature focused framework, we turn scattered businesses into

Speaker:

calm profitable ones with hands on help to sort your

Speaker:

structure, cash flow and sales. If you're ready to feel confident

Speaker:

and in control again, head to resilient retailclub.com and click

Speaker:

on Retail by Design to book a call. So I'm

Speaker:

so excited about this new version of Retail by Design. I

Speaker:

feel like it's so powerful and I'm excited because I truly believe

Speaker:

this is what business support should look like. Really

Speaker:

structured, really supportive, really able to

Speaker:

meet you and your individual needs. Completely personalized,

Speaker:

very, very effective and very much focused on your bottom line.

Speaker:

Everything that we do is zero fluff. It is about sales strategy,

Speaker:

about structure. And we also do support you as a founder

Speaker:

through all of our email and voice notes, support our group calls, and

Speaker:

our mindset coaching as well. Retail by Design.

Speaker:

It's not for people who are first starting out. It's not really

Speaker:

for anyone who wants a quick fix. It's for people who want to have

Speaker:

time, space to work on their business over an

Speaker:

extended period of time. They don't want just

Speaker:

templates or generic answers. They want something that is super

Speaker:

tailored for them. And they don't want to be spending hours and hours and hours

Speaker:

on this program. They want to know that they can turn up to their monthly

Speaker:

meetings without needing to spend hours and hours out of

Speaker:

the day. But then everything that they are doing is going to be helping them

Speaker:

run more effectively, be more productive

Speaker:

and efficient in their business, and most importantly, feel

Speaker:

supported. Feel like they've got a team behind them.

Speaker:

They've got that support wrapping around them and that you're not

Speaker:

feeling lonely or worried or nervous. Because

Speaker:

even if numbers are growing and it feels exciting, it could be

Speaker:

scary exciting too. And it's great to know that you've got really, really

Speaker:

deep industry knowledge and expert backed support behind

Speaker:

you. Growth doesn't have to feel chaotic. You can have support and

Speaker:

structure in a way that feels aligned with you

Speaker:

as a business owner and doesn't feel restrictive. If you're nodding

Speaker:

along, listening to this and thinking this sounds like you and you want to know

Speaker:

more, then you can head over to resilient

Speaker:

retailclub.com, take a look at Retail by Design. There's more details

Speaker:

there and there's also a link to book in for a call. The

Speaker:

next step is for us to have a chat. It's very relaxed.

Speaker:

It's just an opportunity for me to find out more about where you're at in

Speaker:

your business, what you need, and if it feels like the right fit. I'll tell

Speaker:

you more about Retail by Design. No pressure, no hard

Speaker:

sell, just an opportunity to talk about what's going on for you and

Speaker:

see if we can't find you the right support to take you to the next

Speaker:

level. Thank you so much for listening. I

Speaker:

would love to hear. No, sorry. Thank

Speaker:

you so much for listening. We'll be back next week talking

Speaker:

all about how you create an award winning online store.

Speaker:

Sam.