The Art of Navigating Change

Page 36

IT’S YOUR UP

How Focused Is Your Menu?

W

Tom Jennings Retail Training Expert Tom Jennings is a lifelong member of the flooring business. Since selling his family’s retail business in 2006, he has served the industry as an educator and speaker.

hen describing a retail flooring store's operation, I often use the analogy of running a restaurant. There are two basic elements of a restaurant — presentation and preparation. Most restaurants get their basic ingredients from common industry wholesalers daily — just as most flooring retailers do. Successful restaurants take ingredients that come in the back door in cartons and present them to their customers as tasty entrees priced fairly but profitably. Less successful operations never quite master either the presentation or preparation aspects. Since they can't command quality operators’ prices, they often try to play the giant selection of mediocre offerings at a lower price game. Lacking focus, they rationalize that someone might want liver or pancakes for lunch, so they include these items on the menu just in case. They seem to pride themselves in offering items that no one asked for prepared and presented rather unremarkably. Starting to sound familiar? How many times have you looked at a large and complex menu and thought to yourself, “there's no way that all of this can be fresh or well prepared.” Many lessons can be learned from the foodservice industry. There is a growing trend in the restaurant business that I have long felt the flooring business would benefit from — cutting the menu items. I recently read a newspaper article stating that the total number of entrée items at the nation’s top 500 restaurant chains was down nearly 9% last year alone, continuing a trend in recent years.

He is a past board chairman of the WFCA and is currently the board chairman of WFCA Services, Inc. He may be reached at tomg.jennings@gmail.com

34 Premier Flooring Retailer | Digital 3 2020

Many lessons can be learned from the foodservice industry. There is a growing trend in the restaurant business that I have long felt the flooring business would benefit from — cutting the menu items.


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SHOWIN’ OUR STUFF: Get Ready for the Big Reveal….

1min
pages 52-53

How Do You Know If Your Marketing Is Working?

4min
pages 72-73

For the DIY Customer: Seamless Residential Carpet Tile from Engineered Floors

1min
page 68

Hi Ho, Hi Ho, It’s Back to Work We Go!

5min
pages 84-86

Keep You and Your Pet Comfortable and Safe

2min
pages 82-83

Why Women's Groups in the Flooring Industry Matter

3min
pages 8-9

Why Age in Place When We Can Age Actively?

3min
pages 80-86

Carpet Padding or Carpet Cushion. There’s a difference

2min
pages 76-79

Installation is Your Best Investment to Improve Your Profit Center

3min
pages 70-71

New, Patented Subfloor Technology from Schönox – "Game Changer"

3min
pages 64-67

From Design to Function, Everything Clicks with Korlok Select Stones

3min
pages 60-63

Contracts in the Age of COVID-19: Some Suggestions to Protect Your Business

13min
pages 54-59

Metroflor Makes Wayfinding and Social Distancing Easy

1min
pages 48-49

Common Myths about Concrete Moisture and Mitigation

3min
pages 44-45

Magnetic Building Solutions “Goes Hollywood"

4min
pages 38-41

How Focused Is Your Menu?

4min
pages 36-37

Property & Casualty Insurance Market Outlook and Proactive Steps You Can Take to Ensure a Smooth Renewal

2min
pages 32-35

Free Tools From Measure Square For Flooring Retailers

2min
pages 22-23

Your Website is Your New Front Door

7min
pages 24-27

Virtual Estimating Services (VES)

1min
pages 18-19

Mohawk Group Builds on Success of Digital Learning Series with Additional CEUS

2min
pages 16-17

Tips to Help You Control Moisture and Mitigate the Risk of Flooring Failure

4min
pages 28-31

Link Leads from Your Website to Your Software

1min
pages 10-12

What are You Doing Today That is Worthy of Outliving You?

3min
page 5

Why Flooring Software Is Necessary to Grow Your Business

2min
pages 6-7, 13
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