A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Sunday newsagency management tip: insert a roadblock to your buying

Too often I see newsagencies holding stock that does not sell, wasting capital, space and labour. My advice today is to review how you buy and to insert a delay or barrier to the process. Appoint someone else who must sign-off before you place an order. Their job is to challenge you, slow you down and test whether your decision is the right decision.

Buying is a tough job. Get it right and it can power a retail business to terrific success.

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Management tip

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