Power Store Program

Below you will find our training outline for the SMART Business Academy's "Power Store" program. This program teaches retailers how to masterfully run a retail operation.

This program consists of 11 PowerShop Modules designed to help student-retailers the dynamics of running a profitable retailing business.

This is a 6-month program that students attend for one 1-day weekend every month in Atlanta, Georgia.

Program runs for 6 months in select cities outside of Atlanta. Live Modules are 4 hours in length. Registration is easy.

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PREREQUISITES

Prerequisite: Power MOVE and Power OWNER or below
 
Federal Registration (FEIN): Yes
State Registration: Yes
Business License: Yes
Employees: No
Commercial Space: Yes
Annual Revenues: $25,000+
Weekly Operating Hours: 30+ hours

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Module 1:
Understanding the Retail Business 110
There are 2 types of retail businesses, products and services. In addition to these, there are many industries that operate on the retail level. Retailing simply means “selling to the consumer”. It doesn’t necessarily mean you have a storefront. You can operate online or mobile. You are still retailing. This module will help you understand the best dynamic for your operation and how to best establish it.

Module Highlights: Retail Basics, Retail Positioning

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Module 2:
How to Budgeting 113
Everyone should have a clear idea of what it will take to start, run and grow their business. Those who don’t will have a turbulent journey. This module helps student-retailers establish a clear picture of what they need to become a successful and competitive retailer.

Module Highlights: Brick and Mortar Budgeting

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Module 3:
How to Establish a Retail Operation 115
When individuals start retail businesses, it can become all-consuming. When this happens, the retailer can easily have second thoughts about being in business if their operation isn’t sound. This module teaches student-retailers how to put an operation together that will solve problems and answer questions before they occur. Student-retailers will gain significant skills on how to run a retail business, which is different from many other business models.

Module Highlights: Retail Operational Design

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Module 4:  
Becoming a Brick and Click Business 117
The cyber world serves great opportunities to generate revenue but only if done right. The majority of successful online business also have a brick and mortar presence. Being online alone can be overwhelming and frustrating. This module will show student-retailers how to incorporate both business elements into one operation the correct and profitable way.

Module Highlights: Brick and Mortar, Digital Design

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Module 5:
How to Master Commercial Lease Negotiation 119
Selecting the home for your business should be as meticulous as you selecting a place to live. However, there is an element that is more important. Your business’ residence is a commerce machine. This means that the lease you sign can destroy your company if the economic strengths aren’t there. We teach our student-retailers how to negotiate an economical, profitable and sustainable lease.

Module Highlights: Economic Evaluation, Negotiation Techniques, Commercial Standards

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Module 6:
Retail Logic Layout 121
Putting a brick and mortar store together has 5 crucial considerations. Our student-retailers will learn what these considerations are and how to ensure they can execute them.

Module Highlights: Sales Design, Inventory Planning

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Module 7:
How to Manage a Physical Inventory 123
One of the toughest adjustments to make in business is inventory management. Inventory management includes supply chain management, distributor relationships, sales, and much more. This module helps bring understanding to the science of inventory management and helps each student-retailer build necessary skills and use of technology to minimize on inventory losses and create an efficient process. This includes service retailers whose service providers act as their inventory.

Module Highlights: Inventory, Supply Chain, Distribution

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Module 8:
Point-of-Sale Terminal Training 125
Every business should incorporate a point-of-sale system. These systems track customer data, employee data and store data in an impeccable fashion that no human can compare to. This module will train student-retailers on how to use the Quickbooks Point-of-Sale System.

Module Highlights: Technical Capacity

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Module 9:
How to Serve and Sell in a Retail Environment 127
Serving individuals in a retail environment requires very unique skills. Customers all have different needs, triggers and personalities. Our student-retailers will learn the 5 main types of customers and how to best approach them flawlessly each time. This training will ultimately lead to sales, profits and a strong business.

Module Highlights: Sales Training & Design

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Module 10:
Power Marketing for Retail 129
Marketing is not a “one-size-fits-all” art or science. It is to be customized for each industry, each business and each campaign. There are rules to follow when involved in Retail Marketing and this module trains our student-retailers how to best execute on this practice.

Module Highlights: Branding, Effective Retail Marketing

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Module 11: 
How to Run a Multi-Location Business
If there is one thing we strongly believe in is having more than one location of your business. It does a lot for the culture of your workplace. However, getting to this place is a vulnerable and critical experience simply because you are unable to be in the same place at the same time. Don’t stress over that though. We have found ways to combat that issue and we share and teach those ways in this module.​

Module Highlights: Expansion, Locus, Control

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Module 12: 
Establishing a Revenue Plan
Learning how to create income you can forecast can be difficult. In this module we teach you how to generate consistent revenue that you can forecast. Being able to forecast allows you to be more intelligent at hiring a team, scheduling workflow, making growth decisions and finding profitability. We will get you there.

Module Highlights: Forecasting, Planning, Budgeting