Retail Checks & Balances

By: Kevin Spencer
  • Summary

  • Welcome to Retail Checks & Balances!

    I'm your host Kevin Spencer and this podcast takes you behind the scenes of the bustling world of commerce and culinary delights to help you grow your business and WIN!

    For the past 22 years I've been helping retail businesses with maximizing their profitability along with process deliverables and I would like to share my expertise and what I've learned along the way.

    In each episode, we'll bring you captivating interviews with industry experts, passionate chefs, epic restauranteurs and inspiring retailers, as they share their insights, experiences, and the recipe for their achievements.

    So join us as we explore the fascinating stories, trends, and challenges that shape the retail and hospitality industry, from cozy corner cafes to sprawling shopping malls.

    If you want to star in your own episode reach out to

    bookings@retailchecksandbalances.com


    © 2024 Retail Checks & Balances
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Episodes
  • AI in Support- Transforming Operations and Strategy with Jason Baylis
    Aug 19 2024

    In episode 34 of Retail Checks and Balances, Kevin Spencer interviews Jason Baylis, President of Great Lakes Data Systems, to discuss a unique perspective on the buzzword AI. Jason sheds light on how AI can be utilized as a support and intelligence tool, rather than just a standalone program or robot.


    Tune in to this insightful discussion that delves into the practical applications of AI in the retail and hospitality sector.


    TIMESTAMPS

    [00:01:09] The buzzword AI perspective.

    [00:06:55] Using AI as a tool.

    [00:09:22] AI agent learning habits.

    [00:15:45] A new maintenance program.

    [00:20:33] Supporting small businesses.

    [00:22:30] Building trust with clients.


    QUOTES

    • "If I don't start somewhere, you're going to go down the rabbit hole of all the things you can and can't do, and you'll never implement anything. It's really that definition kind of like insanity, really, you keep going." - Jason Baylis
    • “Making a difference for those who make a difference, right? That's what we're here for…So it's like, I'm going to make you change how you're used to doing it, but I'm going to show you that you might actually be able to save some money with me.” - Jason Baylis



    SOCIAL MEDIA LINKS


    Kevin Spencer

    Instagram: https://www.instagram.com/kspencer007/

    LinkedIn: https://www.linkedin.com/in/kevinspencer007/


    Jason Baylis

    LinkedIn: https://www.linkedin.com/in/jason-baylis-43b06844/



    WEBSITE


    Rod Plus Solutions: https://rodplussolutions.com/


    Great Lakes Data Systems: https://www.glds.net/





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    25 mins
  • Procedure Perfection- Mastering Retail & Hospitality Operations
    Aug 12 2024

    In episode 33 of Retail Checks and Balances, Kevin Spencer discusses the crucial role of procedures in the retail and hospitality industries. From ensuring consistency and customer satisfaction to risk management and adaptability, well-defined procedures are essential for success.


    Tune in now to gain valuable insights and tips for implementing effective procedures in your own business.


    TIMESTAMPS

    00:00:02 - Introduction to Retail Checks and Balances

    00:00:31 - Importance of Business Procedures

    00:01:17 - Consistency in Service and Operations

    00:03:18 - Training and Onboarding

    00:04:03 - Adaptability and Updating Procedures

    00:04:48 - Risk Management

    00:05:22 - Customer Satisfaction

    00:06:07 - Summary and Conclusion

    00:07:15 - Closing Remarks


    QUOTES

    • “While having set procedures is important, It's equally vital to review and update them regularly because sometimes we may have missed something and we need to make sure that this procedure is tweakable depending on the situation.”
    • “From the moment a customer enters your store, or hotel or restaurant to the time they leave. Every interaction is an opportunity to create a positive impression. Happy customers are more likely to return and recommend your business to others.”
    • “By investing time and effort into developing and maintaining these procedures, business can not only survive but thrive in competitive markets.”



    SOCIAL MEDIA LINKS


    Kevin Spencer

    Instagram: https://www.instagram.com/kspencer007/

    LinkedIn: https://www.linkedin.com/in/kevinspencer007/



    WEBSITE


    Rod Plus Solutions: https://rodplussolutions.com/



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    8 mins
  • Customer Appreciation Events
    Aug 5 2024

    In episode 32 of Retail Checks and Balances, Kevin Spencer dives into the importance of customer appreciation events in the retail and hospitality industry. From open houses to exclusive product launches, Kevin explores various ways businesses can show gratitude to their clients and strengthen relationships.


    Tune in to discover why customer appreciation events are crucial for building loyalty and engagement, as well as practical tips for planning and executing successful events.


    TIMESTAMPS

    00:00:53 - Importance of Customer Appreciation Events

    00:01:14 - Types of Customer Appreciation Events
    00:02:08 - Strategic Importance of Customer Appreciation
    00:02:51 - Planning the Event
    00:03:02 - Knowing Your Audience
    00:03:12 - Setting a Budget
    00:03:24 - Choosing the Right Venue
    00:03:46 - Sending Invites Early
    00:04:32 - Engaging with Guests
    00:04:43 - Creating Memorable Moments
    00:05:25 - Recognition Awards
    00:05:36 - Marketing the Event
    00:05:58 - Ending with a Bang
    00:06:41 - Conclusion and Final Thoughts


    QUOTES

    • "Happy customers are more likely to become repeat customers, and customer retention is great for your brand."
    • “Giving customers plenty of notice to plan their attendance can make a difference in the turnout itself. Provide value, offer something value, whether it's a free product, exclusive information or memorable experience when it comes to giving gifts or keep customers excited and engaged.”
    • "Whatever you think is great to make your event stand out and powerful and show customers your care. And they would see that you were investing time and effort into these events and building stronger relationships, foster loyalty, and create memorable experiences that keep customers coming back."



    SOCIAL MEDIA LINKS


    Kevin Spencer

    Instagram: https://www.instagram.com/kspencer007/

    LinkedIn: https://www.linkedin.com/in/kevinspencer007/



    WEBSITE


    Rod Plus Solutions: https://rodplussolutions.com/





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    7 mins

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