Making It Work
Ideally, it is not the store owner's job to manage the store's day-to-day operation and ring up sales. That is the job for the store manager, assisted by store clerks. The owner's role is to ensure that the store is being well managed but also to develop relationships outside the store. Unlike conventional retail where product is purchased from wholesale vendors, the owner must ensure a steady supply of product coming from various sources such as estate sales and consigners.
The bookstore of the computer age exists within a rapidly evolving business environment that requires the use of what are broadly referred to as "systems". Even though necessary to the successful operation, these are typically beyond the scope of a bookstore owner, manager, or clerk.
Our parent company will manage these functions, hovering over the stores like a helicopter mom.
- First, there is the matter of providing internet access, phone service, email and instant messaging to the outside world and the store's internal computer network. Unlike a typical small business or store, these links are more complex and reliability is more crucial to our operation.
- Second, an informational website. This is not simply a "brochure" for the public, but a highly dynamic and interactive site geared to take much of the communications load off of store management.
- Inventory management that is multi-locational and with multiple points of access, while enabling fairly instant retrieval of product for customer reservation or shipping fulfillment.
- Bulk shipping management
- Consigner and Store Credit Accounting and Tracking
- Incentive-based employee payroll and tax reporting
- POS - Point of sale with instantaneous SKU creation that simultaneously updates online listings with in-store transactions and vice-versa.
- Lease management and New Store Setup
To understand even what some of these functions are, let's first look at how the store operates from day-to-day.
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Comments
thomas
Mon, 01/25/2016 - 17:06
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So your plan is to set up a
So your plan is to set up a network of used book stores that can all work on their own and in conjunction with eachother in order to keep the books moving and off of the shelves correct? Do you have any limits on how far away stores can be located (or how close for that matter) because of shipping costs (or converging on the same market)?
bookx
Mon, 01/25/2016 - 19:57
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Anywhere and Everywhere
One of the necessary features of this system is that a standalone store can profitably operate almost anywhere in the continental U.S. That part is actually pretty easy. At the same time, strong incentives are in place to expand a single storefront into a local district of interconnected stores and then expand a district into a region and then the regions into a national network. OK, I'm getting a little bit ahead of myself here, but it this viral nature that will help ensure success.
What we want to create is an environment where a store clerk thinks "Hey, I could manage a store like this." and a manager thinks "Hey, I could own my own store." and a store owner might think "Hey, there are some other locations where this would work, and I have a support network that can help me make that happen!".
The mistake of some other chains (for example, Half Price Books) is to try to develop high overhead superstores. By taking the opposite approach--small, cozy and quaint neighborhood stores that cooperate to offer just as extensive service but with low cost of operation, we can reach into more market niches. Two or three stores could operate within a few blocks because they add synergy to each other while possibly each having very different personalities or specialties.
jack
Thu, 09/29/2016 - 16:40
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Cooperation of Small Stores
What I am envisioning of your plan is that each store has their own inventory that they have readily accessible through the program that you are developing. Would it be possible to develop the system so that small, independently owned stores could merge their inventory and ship a specific book to meet a customers needs more reliably? Also do you think that having a local kiosk for browsing the store's inventory could simplify the customers experience?