As a Retail Entrepreneur, you will need to master following:

• analyse data for policy decisions in trade
• commercial law
• ensure compliance with purchasing and contracting regulations
• guarantee customer satisfaction
• handle financial overviews of the store
• implement sales strategies
• negotiate sales contracts
• organise product display
• set up pricing strategies
• supervise sales activities

More generally, a retail entrepreneur is also versed in:

• build business relationships
• control of expenses
• develop business case
• identify suppliers
• implement marketing strategies
• law of obligation
• manage financial risk
• manage staff
• monitor company policy
• perform customers’ needs analysis
• perform project management
• plan marketing campaigns
• provide customer follow-up services
• recruit employees
• study sales levels of products

It also helps to know the following:

• arrange ordering of products for customers
• carry out cross merchandising
• e-commerce systems
• ensure point of sale material availability
• examine merchandise
• keep records of merchandise delivery
• maintain relationship with customers
• maintain relationship with suppliers
• market pricing
• operate cash point
• accounting techniques
• check deliveries on receipt
• competition law
• comprehend financial business terminology
• create annual marketing budget
• maintain financial records