Financial Management:
- Implemented foundational financial tracking systems to support effective budgeting and expense control.
- Created and maintained detailed budgets, regularly monitoring expenditures to ensure alignment with financial targets.
- Reinvested business profits into diversified stock portfolios in US exchange markets (NASDAQ).
Marketing Strategies:
- Reviewed sales reports and adjusted sales activities or expenses to better meet budgets.
- Set pricing structures according to market analytics and emerging trends.
Operational Efficiency:
- Streamline repetitive tasks with clearly defined processes for staff.
- Introduce Inventory Management Software (Sneaker Consign): If selling physical products, track inventory turnover to avoid stockouts.
Growth and Business Development:
- Conducted quarterly SWOT analyses to evaluate internal capabilities and market conditions, informing strategic business decisions and growth initiatives.
- Established a new sales channel by partnering with The Goodkid, leveraging their retail presence to expand market reach, and increase customer acquisition.
- Adapted to shifting market demand by diversifying product offerings beyond sneakers and apparel to include trading cards and collectible items, capturing new customer segments and stabilizing revenue streams.