The bottom line in any business is profit. If you want to make more profit,you’ll want to reduce your stock costs. You don’t however,want to reduce your stock costs at the expense of quality and that is where you need to focus your attention.
photo credit:Paul Beattie
There is no point in having horrible hot dogs that nobody wants to eat,so you’ll need to find the best quality at the best price and add value to your cart with other items too.
Your hot dogs –although important,are not the only aspect of your busienss. Selling sodas and sweets as well as pretzels and chips may be something you can look into. When you’re first starting out though,you’ll want to keep it simple and start small and grow according to your clients needs. Ask questions and listen to the answers.
When it comes to buying,where possible buy in bulk to reduce your costs. Remember that you have to store you hot dogs,rolls and condiments somewhere,so don’t over-order and then struggle to keep them in a secure place. You also need to take into consideration refrigeration and such,so bear that all in mind.
When I first started out,Perry had a lot of suggestions about where to store your stock and how to buy according to your sales and your space. He also included a lot of tips on condiments and relishes and how to increase your sales with the right collection of both.
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