Annual Liquor Store Business Plan Targets – A Liquor Licensing Consultant May Be Key

This early in a new fiscal year, your BC liquor store business plan is not much more than a series of hopes and wishes. You’ve decided what you want to achieve, strategized, set targets and created budgets. From this point forward, it’s all about measuring actuals against budgets and making adjustments as proactively as possible, that move your business closer to realizing this year’s targets.

As BC-based liquor licensing consultants, Thrive Liquor & Cannabis Advisors understands the many challenges of running a successful private liquor store in a competitive market. While some liquor businesses may know Thrive as go-to liquor license application specialists, we also provide liquor retail operations and strategic planning, which are vital parts of a realistic and achievable annual business plan.

Read about Thrive Advisor’s BC liquor licensing services.

The following are several ways Thrive Liquor & Cannabis Advisors can you achieve your business goals.

Make Changes to a Liquor License

Many operational changes require the licensee to apply for a permanent change to a BC liquor license. Changes to ownership, “operating as” business name, directors, structural changes, and hours of sales, all require a change to your liquor license. Because liquor store owners or managers may not be aware of what will trigger a formal license amendment, it’s wise to consult with a BC liquor licensing consultant if you are planning any changes.

Review Store Setup and Layout

If, as part of your annual liquor business plan, you’re considering non-structural store setup or layout changes, contact a liquor licensing consultant first. Thrive Advisors can assess the effectiveness of a proposed layout and make suggestions for improvements. We provide setup and layout guidance both in the start-up phase and any time a business wants to improve layout efficiency and effectiveness.

By working with a liquor consultant, you’ll also be assured the whatever change(s) you do make complies with your LRS license.

Review Liquor Product Performance

Knowing what sells, what doesn’t and what’s trending is half the battle for any liquor retailer. Thrive can help you improve your liquor inventory by identifying losers, winners and bread-and-butter SKUs. As is often the case, we see things that those too close to a business may miss.

Refine and Streamline Employee Acquisition

Attracting and keeping the right employees is always challenging. Thrive provides employee acquisition services that attract strong candidates and reduce employee turnover. We write job descriptions for posting to employment boards or job ads and interview candidates. We can also provide compliance training, so your employees protect your hard-earned liquor store license by adhering to laws and the terms of your LRS license.

Need Help Executing This Year’s Liquor Store Business Plans? Thrive Makes it Easier

Discuss your private liquor store business plans with the liquor consultants at Thrive Liquor & Cannabis Advisors. Take advantage of our free, 30-minute consultation to ask questions and find out how our services can help your liquor store meet its targets.