043: Ask Candace: How Can Understanding Your Numbers Help Your Pet Business Grow?

Okay, Pet Bosses, it’s time to wrap up our “Ask Candace” mini-series with some drool worthy data-driven goodness!    We turned to our amazing Pet Boss Club® members and asked them–   “If you could ask Candace anything, what would it be?” 🤔   And the questions we received from our paw-ticipants sparked amazing conversations that will absolutely help YOU in your own pet business!    This episode features Karla Novoa, one of the owners of Hungry Tails in Boston, Massachusetts.    Karla and her business partner, Jose, are coming up on the 1st anniversary of their doors opening, but Karla (who has a background in finance) wanted to really track the store’s progress by analyzing the one thing that will NEVER lie– the numbers!     In this episode, Candace and Karla discuss:    🦴Karla’s journey as a newer business owner who has no experience in retail, and how she has successfully managed her pet retail store while still working her full-time corporate job.    🦴Which numbers Karla is closely tracking in her business, and which ones she should start tracking in order to measure her growth.    🦴Why comparing your pet business to another pet business in an apples to apples fashion doesn’t really work, and how you can figure out where you fall on the map of success.    🦴Some industry standard goals to keep in the back of your mind while checking the numbers each week, month, and year.    🦴And MORE!!!  This episode takes the overwhelm OUT of the data and gives you simple, actionable steps for tracking the numbers within your own pet business!    P.S. Did you LOVE this mini-series? We thought you would! This was just a sample of the feedback you’ll get as a Pet Boss Club® member. And guess what… The doors to the Club are OPEN until September 20th, 2022! Listening to this episode beyond that date? No worries! Join the waitlist to be the first to know when the doors reopen!  More about our Guest:    Karla Novoa and her business parnter, Jose, own Hungry Tails, a 1,000 square foot pet supplies store in an up-and-coming neighborhood in East Boston, MA. They are just shy of their one year business anniversary, and currently have 4 part-time employees. Their focus is healthy food and treats, and small-batch, local, independent, made-in-the-USA products. Karla has been in Financial Planning and Analysis for 20+ years, and Hungry Tails is her first venture into entrepreneurship.    View Transcript   Show Notes     Join Us Online   Find us on Facebook Join our Free Pet Industry Facebook Group Follow us on Instagram Read our Blog