A2_NIemann Foods_ExecutiveSummit Meeting

Before you get too detailed with complicated business plans, make sure the team knows the basic fundamentals of retail. For example, truly know how to calculate gross margin! Start with the basics If you’re going to be the best, you have to be YOUR best every time out. You have to be YOUR best when nobody is looking. Whether it’s an actual game or in business if you’re going into a new market. You have to give it all you have. In sports, if you want to win more than you lose, you don’t have to just play harder than the competition, you also have to overcome bad calls (i.e., circumstances beyond your control). In business, I believe that if you are truly running the best store possible, you should be able to pick it up and place it in any city in the country and still have a successful store.