myRetailer.ca

Back-to-school spending to remain stable: Study

Canadian retailers may have some reason to breathe a sigh of relief this fall, according to a study that suggests parents are not planning to scrimp on back-to-school spending.
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Retail Sales Up One Percent in June, reports Statistics Canada

Statistics Canada reported today that retail sales in current dollars increased 1 percent in June to $34.4 billion. Retail sales have risen in five of the last six months, following large drops at the end of 2008.

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10 Awesome Online Tools Your Small Business Should Be Using

As a small business, we leverage online tools to help us run our business efficiently and inexpensively. We are selective – we do our homework and always compare competitive products within any category. Before we make any decision, we typically look at the top two or three finalists and thoroughly evaluate them before deciding what to use.

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“Quality is never an accident; it is always the result of high intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives.” – William A. Foster

Effective execution is key and vital to any successful business.

In his book The Breakthough Company, Keith McFarland found that all breakthrough companies he studied in his research were masters at execution. He went on to say that the best laid plans and strategies are completely worthless unless they are executed upon. It goes back to the old saying - Actions speak louder than words.

When it comes to running a business, this is something that I regularly remind myself. I find that I (as well as members of my team) am continuously coming up with new and great ideas that we want to pursue. However there is risk in trying to pursue too much. I have always found that if we try and pursue too much, then nothing gets done. That is the reason why we limit ourselves to three to five new initiatives every quarter – no more.

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