Alison Barnard

1. ALISON
BARNARD
ULKAR AKBAROVA, RUTHONG ZHOU,
EUNHA LEE, SHIPIN FENG, TALAL
BUGSHAN, ZAID ALMAHMOOD

2. INTRODUCTION
_ACCOMPLISHMENTS&CHALLENGES
Accomplishments
• Found investors
• Found a good location, cozy store
• Built a base of satisfied customers
(professional and wealthy women)
• Very success sales in the first six months
Challenges
• Lack of advertisement
• Lack of fully trained employees
Lack of accounting/financial
skills
• Lack of security system
• Lack of inventory system

3. SOLUTION • Hiring more staffs
• Full time employee
• Accountant
• Media advertisement
• Facebook, Twitter
• Expand inventory
• Improve security system

4. PROBLEM_
SOLUTION1_ADVERTISING
1.Start your own website
2.Open an Twitter account
3.Create a Facebook page
4.Get on yelp
5.Create an Instagram
6.Have a signature.

5. PROBLEM_
SOLUTION 2_HIRING
• If she hires an accountant, she can focus more on her products rather than
the finance.
• Help of accountant in minimizing costs to achieve maximum profit.
ACCOUNTANT

6. • She needs four employees to run the store, two at each shift.
• She wont have to worry about working long hours.
• She can focus more on her customer service and sales
4 EMPLOYEES/ STAFF

7. PROBLEM_
SOLUTION 3_THEFT
Retail Theft
• Loss of products => profits
• Unsecure environment
Solution
• Train employees
• Security systems implementation
1. Security doors
2. Security tags
2. Cameras

8. OUTCOME
-Long term investment
-Avoiding unnecessary loss
-Creating a secure environment

9. PROMBLEM_
SOLUTION 4_INVENTORY
Problem
• no inventory system to keep track of products
• how much profit does she get for each brand of Jeans
• which brands of Jeans have high demand?
Solution
• Needs the Inventory System
-Style
-Brand
-Size
-Colors
• Needs more options of brands
• Exclude existing brands

10. WILLINGNESS TO SPEND
Willingness to Spend $ on Jeans
$25-50
$51-75
$76-85
$86-
100
16%
17%
28%
14%
16%
9%

11. FINANCES
• Affect on sales
• Affect on damages and theft
• Affect on staff and benefits
• Affect on management payroll
• Affect on communication media
• Affect on depreciation
• Affect on net profit