Lifecycle of my ventures
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Ideation
Identifying Needs: I begin by identifying a need or opportunity, such as new travel convenience spaces at PDX airport. I then create a concept for the new retail venture that meets this need.
Concept Creation: Develop innovative and unique concepts that align with market demands and community interests.
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Venture Details
Product Mix: Determine the product mix, including special offerings and differentiators.
Market Trends: Analyze market trends to ensure my offerings are current and appealing.
Differentiation: Strategize how to differentiate my ventures from competitors.
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Curation
Network Collaboration: Work with my extensive network of local makers and vendors in Portland to bring together a product mix that is appealing to my target audience.
Product Offering: Finalize the specific products I will sell and set appropriate price points.
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Operations
Daily Operations: Invest time in daily operations to ensure up-to-date product selection, pricing promotions, and the introduction of new products.
Vendor Contracts: Manage new vendor contracts and maintain strong relationships with suppliers.
Product Management: Oversee product selection, handle out-of-stocks, and ensure effective merchandising and seasonal rotations.
Store Management: Work closely with store managers to troubleshoot issues and optimize store performance.
Strategic Planning: Develop and implement annual strategic plans to guide the growth and success of each venture.
