Category: Wealth Esteem

  • Business Software Blues

    I’ve decided I cannot run the company for another year using our dumb software. We use MYOB for financials and a custom written stock control system that doesn’t integrate to anything. Because we run multiple warehouses and supply consignment stock to distributors, MYOB can’t handle it. We can go for a proprietary solution. But that…

  • Shutting down WA

    I shut down my Perth warehouse last week. The week before they had reported sales of $74.55. For that I paid rent on a warehouse and a retainer for the Manager. The bloke over there seemed more interested in getting toner for the photocopier than generating sales or distributors. The warehouse sale in Sydney keeps…

  • Making tough decisions

    My Western Australian operation is a mess. The manager I have over there was a fantastic sales rep and a all round good bloke. Unfortunately he isn’t generating the results I am after. I don’t think it is his fault as such, but he obviously isn’t the right guy for the difficult job of turning…

  • Warehouse sale continued

    Last weekend’s sale was 60% better than I’d hoped. At 11am on Saturday people were lined up nine deep at the cash register. As a result, I’ve rebooked the ads and we’re on again over the next two weekends. The ad booking got messed up for this weekend so we are only in one local…

  • Fantastic result

    The absence of posts is because the warehouse sale was a hit. Details later as I’m late for a meeting. I haven’t had time to pause since the last entry. I am very happy

  • Warehouse Sale

    This weekend (1st and 2nd November) we’re having a warehouse sale. It’s at 20 Stennett Road Ingleburn NSW. Take the Ingleburn Industrial Estate exit off the M5 and we’re 3 km from there. I’m clearing all the ceramics and lots of books and toys. Mostly below cost. Drop by if you can. I signed off…

  • Casual Leasing – Wrap-up

    As I posted earlier Friday sales were a ripper. Saturday sales were 70% of Friday’s and quite good. Sunday was one sale short of being the third best day, so I tasted bitter disappointment. Daily Sales as a percentage of Total Sales Monday 5.1% Tuesday 13.5% Wednesday 8.6% Thursday 10.8% Friday 27.1% Saturday 22.6% Sunday…

  • Into Profit

    NigelW’s needling prompted me to action (I had to go to the office anyway). So I did 500 flyers. While Australia watched the Rugby, Nella and I distributed them in freezing drizzle. At least the Wallabies won. Friday sales were a ripper. I got caught out at the office for a few hours and Nella…

  • Casual Leasing 4 days

    Well Thursay trading was not as great as the neighbours hoped. Only one out of four of us casual leasee’s had a good day. One poor person had $65 in sales for the day. Still it’s the second best trading day this week. And better yet we’ve covered the overhead for the week, with three…

  • Casual Leasing 2 days

    Well Monday was a public holiday and while the shopping centre was apparently busy, sales were disappointing. We nearly covered the rent for the day, but we did setup and iron out some systems bugs. Other small retailers said trade was slow. I decided to stock up on a wider range of pots and homewares…