- SWOT Analysis – Strengths, Weakness, Opportunity and Threats analysis would get you in a position to understand your business closely and further plan of action could be drafted.
- Finetuning the Strategies – Business has different segments on basis of theme, location, module etc. which needs to be focused for right business mix.
- Pricing Strategies or Mechanism – Pricing needs to be regulated on periodic basis.
- Usage of restrictions and promotions to enhance low and high business periods respectively.
- Data mining analysis - A process of extracting and discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems.
- Sale Incline & Decline analysis – Compiling the daily sales data to measure the rise and fall of revenue.
- Revenue & Expense - Net income or loss represents the difference between a companys revenues and expenses during an accounting period.
- Budgets & Targets - Setting Budgets and Sales Targets are the two levers we use to plan our upcoming year. Budgets to set how much money we are going to spend and Sales Targets to predict how much money we are going to make.
- Price elasticity study over weekdays and weekends – Allows us to estimate local elasticities of demand across the full range of flow prices.