‘THE CONVENTIONAL RETAIL CYCLE.pptx’
https://www.polarisoffice.com/d/2RQDwKuz
By David Akin-Williams
Retail is a very lucrative business venture for any and every interested person. RETAIL is the most popular common of business from generation to generation. It is the main arm of commerce that solely rely on Profit making.
Most sole business owners (sole proprietorship) or one man business, self-made millionaires emerge grossly from retailing.
Retailing has in itself it’s diverse nature in progression. We mean, there are classes of retailing. Micro and Macro enterprise retailing.
1. The Micro Retailing
This is the beginning of retailing whereby ideas are improved from different experiences in dealing with people. The principle of profiteering; multiplying, addition, gainings, increase and duplication are all at play here. Good simple accounting knowledge is developed at this stage. A single manager manages funds from plough back sales, meetings members, probably business joint members, cooperative society, family supports etc.
This retail category owner manages risk or try to risk nothing at all. “Risk” seems an option in the stage…but it’s always embedded in the business.
Someone who losses good millions worth of goods on a duplex retail apartment to fire; No insurance, not enough savings or funds to rebuild the business. For such, it would take much time, if not never to recover from such loss or losses. A single owner or family members who undertakes this stage of business with determination to measure up with western trends will take a huge risk to reinvest more into the business especially when the target and expected falls or exceeds their imagination.
2. The Macro Retailing
The risk in running a macro retailing business is very huge. Expansion is the first phase of risk taking before every other nodrigims follows. The macro entails investments in more workforce, more vendors, strategic experts, technocrats, etc.
It is real business here. In this, the conventional retail cycle is conceived at this stage. This now become a new platform, dynamism in service and processes, designation and portfolio formations are defined here.
Microsoft should have become “Macrosft” company by now but the “td” might have prevented such. Aliko Dangote of Nigeria…these are Macro Retailers who have invented into multi duplicity of retailing. Category of entrepreneurship is now defined by these men. Alibaba is another on the e- commerce rendering e-services. Most macro retailers are also manufacturers. They produce goods and also sell in their own residing outlets; suppliers or distributors before the real micro retailers takes the product to the final consumers. Advanced Macro Retailers we may say.
Justrite Superstores was primarily an individual kind of retail company and overtime falls in the category of Macro Retailing, M-Chris mobile technology is one Macro, Grocery Bazaar etc…..
These and many more have broken away from Micro by taking the risks with full force of finance and insurance to stand out. They have evolved using the dynamism of the conventional retail cycle to increase profits and grow their business.
Why group retailing into to Micro and Macro? The two adjectival nouns, taking into consideration well suits the Retailing practices has it is been carried out in the world today. Every producer wants return in form of liquidity or asset. If that is not achieved then the production stops. The more reason government come into play to support, invest, develop, invent, in so many projects to shape the macro economic principle.
No one can have it all. We read that Government give to the people at the same time they take from the people. Give and take in retailing is also practiced in government. Retailing or retail practice is a phenomenon.
The conventional retail cycle is the combination of the Micro and Macro retail practices in the real world sense. This conventional retail cycle was developed and conceived base on experience from the traditional and Modern retail practices. 
Davak Systems & Technology 