Business can be a lonely game, but it doesn't have to be.

Welcome to Boutique Chat, where we explore community over competition and how to scale your company with the balance and the happiness that we all seek.

We'll hear from product-based businesses of all types, retailers, e-commerce, and wholesale brands,

along with industry experts shaping the future of our industry.

I'm your host, Ashley Alderson from the boutique hub, and I can't wait to chat.

Hey, guys, welcome back to Five Minute Friday, And I want to share a really important quick tip

with you today all about one of my favorite business quotes period. And it's measure what

matters. Measure what matters. Now, in retail specifically, there are a few most important

things to measure. And I want to make sure that these are on your radar and

you're taking action on them each and every week. The first thing to measure is all things

related to inventory. Inventory on hand, your classification performance, your markdowns

and discounts taken, your aging reports. And measuring all things inventory comes from your point of sales system.

So this might be Shopify or Heartland or light speed, right?

So when is the date with your numbers to measure what matters when it comes with inventory?

It's got to be the same time and the same place every week.

The second area to measure what matters is your sales performance.

Again, back to your point

of sales system. You're looking at your sales per category, your overall sales, your margin on those

sales, right? And all the related average order value units per transaction, sales by brand,

sales by size, we could get pretty detailed and nitty gritty by sales.

But keeping an eye on especially your average daily sales, so you know, hey, by noon,

how am I performing with my sales goal for today?

...