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Building The Right Retail Business Model

E cosystems have three defining characteristics: sustainability, self-governance and evolution.

In order to be called an ecosystem, a network must fulfill each of those criteria.

Retail is an ever-evolving industry. Retailers need to evolve and adapt through the different stages of evolution as well as the recent retail trends and change to continue to be relevant in the industry. This is where a retail business model ecosystem proves to be helpful.

Based on an analysis of more than 100 successful and failed ecosystems, BCG finds there are six sequential questions that any retail business model or say ecosystem should address:

What is the problem you need to solve? Before you start building your ecosystem, you must be sure that the problem that your ecosystem is going to solve is well defined and clear. It should convince the partners to invest and participate.

Next, you should ask yourself if an ecosystem is an answer. Ecosystems are a preferred business model for unpredictable, yet malleable business environments - such as retail.

It is also important to know what type of ecosystem you want to build - this depends on the purpose your ecosystem has to solve.

Who should be a part of your retail ecosystem? You should start mapping the blueprint of your ecosystem that shows the flow of goods, services, and money through the ecosystem.

This should also define the roles of you and your partners and define the standards and rules that can be used in case of a conflict.

What should your initial governance model be like? You need to answer three questions here:

1. Access: The partners who are allowed to participate in the ecosystem. The requirements that they will have to fulfill to get access to the platform and the resources.

2. Participation: The scope, detail, and strictness of rules. The partner in charge to distribute value amongst others.

3. Commitment: If partners are exclusive to you and your ecosystems or if they are allowed to invest and partner with others.

Building the right retail business model for your retail business is a complex, but a very critical job. The six points mentioned in the blog can help you build a well-designed retail ecosystem.

With Bech online store builder you get a ready-made retail business model ecosystem in an app with all the key aspects and partners needed for a retail store - Wholesalers, Logistic teams, Digitalization, etc. It makes the critical job of creating a retail ecosystem very easy -it is free, secure, and reliable. It enables you to leverage the power of technology and helps you to increase your reach, sales, and saves you a lot of time and effort. Download BECH for Android and IOS devices now to create a free online store in India.

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Best Diagnostic Centre

Aarogya365’ is the best diagnostic centre in Mumbai. They are committed to Accuracy, Reliability and Accountability for the test results. The laboratory is equipped with modern technology automated machines.

They believe that everyone should have access to good health. Thus, through their services, they ensure you get access to the best and most genuine health services, with the highest savings in the shortest time possible.

They have labs at 4 locations, 2 in Goregaon, 1 in Borivali, and 1 in Kandivali.

Here are the top reasons why you should opt for Aarogya365

Optimistic Attitude

Affordable Test Charges and Packages

Systematic Functionality

Focused Vision

Supreme Quality Services

Home Visits

Customer-Oriented Approach

Act with integrity both towards our customers, patients and co-workers

All these reasons make Aarogya365 the best diagnostic lab in Mumbai.

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Advantages of Epoxy Flooring

There are various diverse epoxy floor coatings available today, with differing price ranges. In basic terms, a usual two-pack epoxy paint covering contains a resin part and a hardener part. These two parts are combined thoroughly, applied to the concrete floor, and permitted to fix.

Advantages of Epoxy floor coating

1.Adhering to Concrete:

Given that the concrete substrate is appropriately prepared to get a covering, epoxies are phenomenal for precisely bonding with the concrete. This makes a well-adhered system base that will permit consequent build and topcoats

2.Build/Thickness:

Epoxy build coats are usually installed at 8 to 15 mils for every application. This thickness permits the covering to synthetically cling to the epoxy primer, and is sufficiently thick to self-level and fill minor concrete flaws and cracks.

3.Installation and Performance:

After being cured, the epoxy paint coats give a hard, tough surface with great impact resistance. Epoxies are genuinely simple to install, show adequate working time, and are decently savvy when contrasted with other industrial flooring alternatives.

For further information, you may contact a representative of Grand Polycoats to answer your questions or just comment down below. They are one of the best industrial paint manufacturers who have high quality epoxy paints and will be happy to guide you.

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Indian retail business model is coming-of-age when it comes to the use of digital technology for managing in-store sales. Millions of retailers are choosing to hop on to the digital bandwagon with new software & applications, but it is imperative that some of the old, manual customer relationship processes are packaged and mapped digitally as well. One such process that would spark instant recall is “Udhaar” ( Customer Khata/Customer Credit) – one of the most loosely used terms in the world of Indian retail, and just as well, one of the strongest tools driving customer loyalty, which otherwise simply means credit.

We ran a quick market study to assess the popularity of the Udhaar system (consumer credit system )and found that about 90% retail shop owners successfully follow this system at an informal level, while others felt that this manual system led to a loss in revenue because of improper records of the credit transactions rolled out.

This is where comes into the picture we at Signcatch recently launched, Online Store Builder “BECH”, which comes equipped with the Udhaar feature (Khata/ consumer credit feature) absolutely free of cost. Shop owners can download this application on their smartphones and configure it to their retail business, while digitally mapping the customers to whom they want to offer this facility. BECH, as an entirely self-sufficient business application, allows shopkeepers to streamline their sales, manage their billing, upload product catalogues as well as offer discounts, with an added facility of being able to extend Udhaar to customers.

Come on shop owners, list your business on the BECH a free online store app and revolutionize your selling and customer experience. Be the loved & the preferred one by your customers!

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Download now from Google Play Store or iOS App Store.

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10 Advantages Of Pure Leather Shoes

Wearing leather shoes at work and with casuals is a regular thing because the material goes well with every look. Moreover, pure leather shoes are a favourite pick for everyone because they give your feet additional protection and comfort. On the other hand, a lot of people don’t go for the same, considering the higher price tags. However, we would like to justify the price of leather shoes, given the fact that it offers you so many benefits. In the upcoming section of this blog, you will learn about some of the most influential factors that will prove the point. It is time to know why leather shoes are better.

Reasons Why Leather Shoes Are Better:

It is time to check out why leather designer shoes are a favourite of so many people. You will also understand whether it is smart to invest in pure leather shoes.

1. Breathability

Does that sound crazy? Still, the fact is that leather indeed breathes and that is also a reason why wearing leather shoes feels so comfortable. At the same time, the breathability of leather is not exactly like how humans do it. In this case, breathing means the material lets some air pass through the shoes. As a result, pure leather shoes ensure that your feet are not smelly, and keeps them cool too.

2. Durability

You must be already aware of the fact that durability is one of the most common benefits of leather shoes. The genuine leather shoes can outshine other synthetic materials in no time at all. If you know how to choose the better quality of shoes, then be rest assured because they will never leave your side despite extreme work environments — moreover, long-lasting sounds like the second name of leather shoes.

3. Water Resistance

Once again, this quality depends on whether you know how to choose the quality of shoes. We at Saint G ensure that all the leather shoes for women and men go through the best waxing procedure. As a result, the boots become resistant to any liquid, including water of course. It is also the reason why leather slippers are great while you are working in the kitchen. What happens is that such slippers protect your feet from coming in contact with water on the kitchen floors, and more. Apart from being able to keep your feet dry, a suitable waxing procedure also means that there will be no damage to the shoes. Moreover, when you walk on the streets during the monsoon wearing leather shoes, there is no worry about stepping into puddles. You can come back home and wipe out the mud from the shoe surface.

4. Additional Protection

Of course, the protection from composite cap shoes and steel caps is more, but leather shoes are undoubtedly a formidable contender in this case. If you are wearing pure leather shoes, we can assure you that your feet are protected from injury to an extent. For example, little falling items or hot liquid will not affect your feet much. On the other hand, if your work environment is fairly more active, then wearing good leather shoes will also keep you protected against small injuries.

5. Amazing Fit

Wearing leather footwear means that it will fit your feet in such a way that it looks exclusively made for them. Well, that is the specialty of good quality leather shoes, and you will get plenty of them at Saint G. On the other hand, if you compare different types of boots and shoes that are made of plastic or synthetic raw materials, they do not have a good shape. Instead, they make your feet look odd, and you continuously feel uncomfortable. While you may think that choosing the correct size in case of any shoe means it ill-fit you well, but that is not the real deal. However, when it comes to leather, it adjusts itself in a way that anyone, irrespective of the shape of their feet can wear quickly

6. Comfort

All of the above points that you see combine to make leather the most comfortable raw material for shoes. That is also the reason why people choose to wear leather footwear irrespective of the place, look, or event. On the one hand, leather is a robust material, while on the other, it indeed does not feel too tough on the feet. However, everything will fall in place only if you know the tips for choosing the correct shoes and buying shoes online for yourself.

7. Easy Cleaning

As mentioned earlier, leather footwear is suitable for all types of extremities, such as monsoon and heavy rain. Moreover, monsoon, mud, and puddles are a typical scene in India, and you may often feel that wearing leather is not a very good idea. However, you’re mistaken because wearing good quality leather shoes means you can step into muddy puddles and not worry about the dirt. What you have to do is just come back home and wipe it out with a moist cloth. Moreover, drying leather shoes is no trouble at all if you are thinking about it. It is because the breathability factor lets air pass through the boots, allowing them to dry quickly.

8. Style

Leather shoes for men and women are stylish, and there is no doubt about the same. Wearing leather always keeps you a class ahead of others. On the other hand, footwear made out of different materials such as plastic or synthetic makes them look so artificial and cheap. The natural quality of leather makes not only shoes, but apparel looks luxurious too. The main factors why the shoes look stylish are because good, polished leather is always shiny and sleek.

9. Eco-Friendly

While you get premium quality leather that is eco-friendly, the same is not the case with other synthetic materials. You must know that the process of manufacturing synthetic products, especially footwear, is harmful to the environment. The primary reason why we say that is because harmful gases are released during the manufacturing process of synthetic footwear. On the other hand, if you consider regular leather footwear, the making process does not include the use of harmful chemicals. Therefore, it is eco-friendly.

10. Good smell

Many people love the smell of good leather. However, you will see that the scent is odd when you purchase a jacket or bag that is made out of synthetic leather. Artificial materials consist of different chemicals that bring on a strange smell. Moreover, if you have a problem of excessive sweating after working the whole day, the addition of smelly synthetic leather shoes makes it worse. Although, your nose is far away from the feet, wearing clean and pleasant smelling shoes is satisfying. Moreover, stinky shoes spread very quickly, and the situation becomes embarrassing when you have people around. However, if you are wearing pure leather shoes, the smell is mostly natural. Now you know the most common benefits and the reasons why should buy leather shoes online especially for work. Apart from providing incredible comfort and fitting well, leather shoes are durable and protect you from small injuries too. Therefore, now you don’t need to think of wearing uncomfortable synthetic shoes throughout a working day. Instead, you can go for the best Saint G shoes that are made of pure leather that gives you ultimate comfort. Moreover, if you are in love with eco-friendly items, natural leather does contain no harmful chemicals at all.