Payday weekend bonanza with Bank Holiday thrown in as well!

Is bonanza time for most retailers this weekend as we have the weekend, it's a payday weekend and it's a bank holiday weekend. And I can see many times and retailers making the most of it. There are offers, events, fairs and all sorts of things happening all over the country as retailers try to compete with other attractions for people's time and money this weekend.

The national chains seem to have set themselves up for a big weekend, so it's time for the small independent retailers  that make up much of my audience to up their game.

As I've said many times before in my blog, the first step on the road to payday weekend success of planning your staffing. With me being away for three weeks and forcing myself to stay off the internet I haven't blogged this early enough but there are always lessons to be learnt and this will stand you in good stead for all payday weekends, bank holiday weekends and other events throughout the year. Once you have your staffing sorted, it's time to look at how you can offer something different and special at this time. I've already stated that you will not just be competing with other retailers but other attractions on a weekend like this. Giving families a reason to visit you rather than a park, a museum, a theme park or the seaside is part of ensuring success. So I'd say having something exciting for the children is a great idea for this weekend. What you do may well depend on what type of retailer you are, but be imaginative and think about what can keep families in your store for longer.

It's also a god idea to ensure that any offers you run coincide with a weekend such as this. If you are planning a sale, a but one get one free or other promotion them starting it this weekend is a great idea. It gets people through your door that may not normally shop with you and give you a chance to convert then into loyal customers. It will also give you a chance to cement your relationship with your existing customers who may need a little push to spend more with you.

The final piece in the jigsaw as far as I'm concerned is to make sure that your team are motivated and enthused about the weekend trade and any event you are hosting. Get them involved in the ideas process and you will get their buy-in for the event itself. If it's fun for staff and for customers then you've probably got a winning formula.

Keep this blog entry and re-read every time there's an event coming up - you'll be amazed at how useful it can be!

NOT EVERYTHING CAN BE BOUGHT ON THE HIGH STREET

How do you retain your talent?

Retailers, how do you keep hold of your talented employees. In my experience in UK retail, there are always a large proportion of the team that are students, those returning to work, those doing this whilst they look for something else. Often these are talented and valuable members of your team, and you've spent time and money in recruiting and training these people. Your customers build a rapport with them and they know your business well. I don't think that there are ways of keeping 100% of these employees happy or a single way to make a large swathe of them stay but there are methods to make each individual have a higher propensity to stay.

If you are in retail, your traditional armoury in this area can often be limited. You will probably have restrictions on pay rises, bonuses, overtime, promotion, transfers and formal training. This doesn't mean that you should give up. There are other means and ways of improving and maintaining employee morale and this means that each member of your team is more likely to stay. And in this sentence lies the first such thing that you can do to help.

If you treat each member of your team as an individual then you will immediately increase their happiness at work. It sounds simple, but I can tell you from experience that not every manager or business owner does this. A large part of feeling valued by an employer is feeling that they understand you and care about you - not just in your job role but in your life. One of the very best mangers I've worked with had a fantastic memory for what her team had told her and could recall those little details that meant something to you. Mention that you were going away for the weekend in a few months and she would wish you a nice weekend just before and ask you how it went just after. Whether this was genuine interest or a faked act it went a long way to ensuring that the team worked really well for her and respected her hugely.

I'd say a similar but distinct thing is to ensure that your team feel appreciated. Money isn't the only form of appreciation here - just saying "thank you" really does go a very long way. Allowing a valued team member to go 5 minutes early to catch their children's school play or a similar act ensures that feeling of value and trust.

There is the issue of promotion that can be a major factor here, particularly with your student population. By promotion, I don't just refer to the straight up and down promotion lines of sales assistant, team leader, assistant manager, store manager that traditional stores have as their structure. Other, sometimes more subtle, changes to someone's job role can add to their interest and commitment to the business. Key holding duties, involvement in special projects, leasing a small team in a specific task or learning new parts of the operation all add to the interest level. And this, in turn, adds to the chance that your team member could stay.

Now these are ways to attract and retain quality employees from whatever their background. Never underestimate how interesting and rewarding the job is on how much your team want to stay. And that goes for all of your team, no matter what their background.

Are events for your customers or your team?

Minh It's that time of year when retailers start sending you emails and accosting you in store to tell you about their shopping events-

Discount card promotions

Extra points offers

Pre-Christmas sales

Black Friday

Cyber Monday

Offer of the week

These are all events running in various retailers at the moment in the UK and beyond.

My question is -

Are these events for your customers or for your team?

I know that eventually they are for your bottom line, or your shareholders, but I think on the surface it's a different proposition. Do they serve the purpose of attracting more customers to your door? Or do they serve the purpose of motivating your team?

I think that here is a bit of both but more for your team than your customers. It's nice for your team to pull together for these events, inspire each other and feel motivated to give their all for a big sales push. It gives you all focus in the build up to get the store ready and plan what you will do to make it special. It has a unifying effect, and gives something to look forward to, and something to reflect back on.

This has its own value.

For all you independent retailers (which I hope is a large proportion of my readership) then Small Business Saturday on 6th December is one such event that you can get behind. It's not too late to get your pack from -

https://smallbusinesssaturdayuk.com

Get you and your team behind it, and support other local business as well.