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When I was booking my ticket to attend the annual Industry Summit, I approached host Kevin Isaacson about hosting a meeting for shop owners, manufacturers, distributors and anyone else to attend to discuss ways to improve each of our bottom lines. While I did not leave Hawaii with a great tan or the ability to hula dance, I was able to come back with some ideas that will more importantly bolster my store’s profitability.
Let’s face it; if you own a card store, you are typically in charge of your employees, buying, social media campaigns, accounting, quality control, cleaning, sorting and a few other matters. The only person to wear more hats in this field was Octavio Dotel and that’s because he played for thirteen different baseball teams.
As a shop owner, we spend most of our time worrying about how many cases of a new release to order, whether the flavor of the week player actually deliver or if buying the collection in front of us is really a good idea or not. So few of us take the time to break down our business expenses and make changes that will really help our bottom lines.
We looked at the following topics as areas to more closely inspect to positively impact our businesses.
So there you have it, a little insight to the incredibly sexy conversations that you might have missed out on by not attending the 2016 Industry Summit in Hawaii. Yes, we were able to have a discussion that did not involve redemptions, product delays or even exclusive licenses and this one might have been more meaningful to the bottom lines of all who were part of it.
If you are a hobby shop or even a collector that knows some great ways for small businesses to save, I would encourage you to please share them in the comment section below so that your local card shop might be able to keep more of your hard spent dollars from escaping like heat through a non-insulated door. Hey wait, there is another great idea!