Going for growth also requires a clear understanding of the role and relevance of each of the key success factors that support a photo retail business to thrive and grow.
IBISWorld states there are a minimum six factors retailers in the photo industry should consider.
- Being part of a franchise or branded chain
- Having a clear market position
- Ability to control stock on hand
- Supply of goods currently favoured by the market
- Experienced work force
- Attractive product presentation
You may have others on the list for your business but if you’d like more information on any of these factors simply email peterb@photodirect.com.au
