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Introduction

Welcome to my blog. It's another day of business review. Remember the importance of business review. That it will help you to be familiar with different forms of business and also know the challenges involved in each of them and how to go about in order not to incur too loss. Business review will help you plan ahead of how to start and manage a business. Please read carefully as I will be reviewing the business of SAVVY STORES.

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About the Business

The business of SAVVY STORES has being in existence for three years now. But looking at the business it will be as if it has been in a existence for a decade or over. But the question is , what makes the business grow this big within a very short period? Guess the answer ___, "Proper management". The business didn't start as a very big business as it is today. Initially, they opened two stores. One at the right hand side and one at the opposite. So the had two stores at both lanes of the road. Due to road expansion, one of the stores was affected and since the goods inside this store that you see here were not many enough to filled the store, they moved the good from the affected store to this one. Even after transferring goods from the other store to this one, the goods didn't still filled the store. Another question is , why did they rent such a big store that even after transferring goods from the other store to this one, there was still space. The answer is, they had plans. The business was established by husband and wife. Mr. Saviour is the husband who is also working with [Akwa Ibom State Ministry of Agriculture Idongesit Nkanga Secretariat](https://what3words.com/cohorts.outfield.thoughtful) While the wife is Mrs. Victoria a business woman. From my findings, the wife Mrs Victoria said she spent almost all her time taking stock and collecting money from customers. She does allow her staff to collect money from customers. They have four dedicated staff who works in the store together with Mrs Victoria. They are three males staff and a female. They all worked from Monday to Saturday and on Sundays they run shifts. Their shop is always open by 6:30am. They open very early when every other shops close to them have not yet resume for business. They close very late when every other stores closes earlier. I believe you can see one of the strategies she uses. Mrs. Victoria also confirm how other competitors sell their goods and try to cut down her own prices, she make it a little cheaper and as such she has more people patronizing her. She also look at the surroundings stores on what goods they don't have and what the customer's highest demands are and concentrate more on that. She made mention of some grains which stays so long without selling it out and as a result, the grains spoil and she never go back to buying such grains even when few customers still request for it. According to her, she doesn't wait until the end of the week or day before she takes stock, she says as customers buy out goods, she is recording it. And when her staff knows that she doesn't joke with her goods and money, they also not joke with it. She also register with companies who gives her direct supplies at a cheaper rate. Currently, she is selling both wholesale and in retail prices. Most people from the area buys from her and retail to thier customers. There are so many things that makes the business to grow so rapidly. She has a lot of goods like:

• Wine
• Soft drinks
• Grains
• Cereals
• Yam
• Soap
• Cream
• Toiletries
• Confectioneries
• Detergents
• Diapers

Note All the items here are in both wholesale and in retail prices

She is into so many things so I can mention all of them in this post.

Now let have a look at some of the goods and their prices in Naira and in steem.

Some of the items sold at SAVVY STORES

Product 1. (Soft drinks)

The soft drinks here are sold retail and wholesale price.
A bottle of this drink in #150(one hundred and fifty naira) approximately 0.9 steem at the current price of steem today when converted to naira.
A packet which contains 12 bottles is sold at 1700 (One thousand seven hundred naira) approximately 10.6 steem at the current price of steem today when converted to naira

Product 2 (Eggs)

The egg here is sold at #2000 (two thousand naira only) that is about 12.5 steem at the current price of steem today when converted to naira.

Product 3 (Monef Bread)

This bread is call monef bread, she buys it from the factory and sale for retailers. A bag which contains 24 pieces of bread sold at #1000 (one thousand naira only) that is about 6 steem at the current price of steem today when converted to naira.

Product 4 (Cussons baby soaps)

This one is baby soap, though some adult do use it too.
Price for one soap is #150 (hundred and fifty naira) that is about 0.9 steem at the current price of steem today when converted to naira.

Product 5 (Familiar toilet paper)

The price for this toilet paper is #500 (five hundred naira) that is approximately 3 steem when converted to naira at the current price of steem today.

Challenges

There is no business that will not have it own challenges. Some Challenges are Minor while others are very serious Challenges. In SAVVY STORES she has her own kind of Challenges. Let have a look at it.

• Lack of space to keep her goods. Some goods are kept outside which makes it difficult for them when it's raining. They will have to rush them in and some times, some of them do get wet.

• She often experience waist pain as a result of standing for a long time and checking her goods and customers in and outside.

• Some customers do sometimes picked her goods without payment if not seen.

• Increase of Shop rent by the Landlord. The current shop rent is very expensive.

_{The selfie I took inside SAVVY STORES at the wine section}

Conclusion

Thank you for reading SAVVY STORES review, I believe you will visit the shop one day is you are in my area. I also believe you have learnt something from this review.
You can please drop any suggestions at the comment section.
Please visit my blog again for more interesting publications.

Note: All the pictures in the post was captured using my phone, TECHNO POP 2F.

Reviewed by @udyliciouz.