Retail Recurring Income Full Report
Clearly state the Turnover required to meet (present) business running costs, taking into account your current income, and maintain any business profit made in the last financial year. This is your base point.
Set goals for income and business profit (Operating Profit) for the next 12 months, plus set goals to increase selected Turnover Drivers, being Gross Profit, Average Sale Value and Sales Conversion Rate, from which you will be given the Turnover required to achieve your goals for the next 12 months.
Provide the ‘Activity’ (number of Sales and ‘Opportunities’) required to achieve your Turnover Goal.
Note: When we use the term ‘Opportunities’, it relates to opportunities where a sale can be made, such as a person who walks into a store, or go onto a website, and become a potential sale.
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