Financial Planning For Pop Up Shops
Budgeting For Pop Up Shop Retail Spaces Pop-up stores are a type of temporary retail business operation that have been lucrative to many. They are organised by international luxury brands, giant retailers, digital native sellers and even small street storefronts. While some pop up shop retail spaces are set up to carry budget campaigns for brand promotions, others are successfully used as testers to launch new business ventures. Irrespective of the business size, financial planning is an extremely important element for success. For pop-up shops, a budget is made depending upon the duration of the pop-up shop. If there are significant differences between the actual and estimated figures, then, some more contributing factors need to be brought in. For instance, if there are not sufficient sales, the pop-up retailer may need to rework on the marketing techniques. Costs Structure Of A Pop-Up Shop Cost of Goods Sold (COGS) COGS refers to the cost of manufactured or purchased goods