Tag Archives: Business

5 Tips for stocktaking your inventory


Markets and Community Stocktake Blog

Today is the first day of the new financial year, whilst you maybe excited about starting the new financial year with new goals and ideas for your business there is one small thing that you still need to complete before starting your new year.

Stocktake

Stocktaking your inventory is a vital part of your business, here are some tips of why you need to stocktake your inventory:

1. Gives you an exact figure of how much finished products, raw materials and packaging materials that you are currently holding;

2. The Closing Stock has an effect on both this year’s and next year’s income tax return;

3. Helps you understand the movement of your products once you enter your data and compare it to you sales;

4. Take the opportunity to write-off stock that is either obsolete or out-of-date;

5. Use this opportunity to determine what sells well and what the customers want. It may mean that you spend money/allocate resources on the things that will make money rather than the things that don’t;

An example of a stocktake using excel would be

Heading

STOCKTAKE SHEET
AS AT 30 JUNE 2014

Columns
STOCK CODE    STOCK ITEM    NUMBER ON HAND    COST PER ITEM    TOTAL VALUE

 

This spreadsheet can be then given to your accountant who will help you with writing down or writing off stock.

A copy of this spreadsheet can be obtained by Marked Focus.  Some of the tips have been provided Marked Focus who specialise in tax consultation, mortgage broking, business accounting, bookkeeping and more.  Call (03) 5996 1990 to book a consultation with one of their specialised consultants.

Would You Like a Free Review of Your Tax Return

Were you unhappy with the result of your tax return? If so, we can provide a free review of your last income tax return (valued at $120) To take up this offer call 03 5996 1990.

 

A Personal Thank You to Market Organisers.


Have you thought about what goes behind the scenes in organising a market?  It takes time, lots of time, dedication, tears, passion, strength to organise a market and we asked a few of our fans from Markets and Community to write about their appreciation to their Market Organisers.

The Dazzling Boutique Market

Just like to share my experience as a stallholder at The Dazzling Boutique Market.
I am from Her Macarons and a regular stall holder at Dazzling.  Sarah the organiser is very lovely and helpful, that she always goes all out in supporting us by heaps of advertising (that i know will cost her a lot of money) and constantly promoting our business page in facebook.  The market is every second month but she is always sharing our sales/promotions ALL the time.
One more thing, her market gave us a lot of exposure to customers not only to buy on the spot but to become our regulars.
Oh and I was surprised that I received an invitation from Better Homes and Garden (TV show) to attend their expo and said they found me from the Dazzling Boutique Market.

Sherelyn
Her Macarons

Salt Water Market

I would like to give a huge thumbs up to Susan and Kylie who run “Salt Water Market” at Swansea (and now great to see they are branching out to other venues as well), I was a stall holder for a community potters group for around 6 months, unfortunately had to give it up due to work and transport logistics.  They were so supportive, lovely caring ladies and their Facebook marketing is better than any other market I have seen.  Big thumbs up from me!!
Caroline Bohlsen

Simply Boutique Market

I would like to thank Nicole Joy from Simply Boutique Market in Werribee VIC.  Nicole volunteers long hours so the market runs smoothly, with little or no thanks for the stallholders.  I have just started helping her out and also volunteering one day a week of my time.  I would like to formally acknowledge the hard work Nicole puts into the market.  My business is Hani’s Mirror Creations and my name is Geanette. Cheers

Huckleberry Market

Dear Amy of Huckleberry Market.  I have yet to meet another market organiser that is so motivated.  She has made such a loving community within her market, stallholders are all treated as family.  Day and night she lives and breathes HBM and she is the first to help when anything is needed.  The ideas to make Huckleberry grow and been seen to more customers is amazing, always coming up with new marketing concepts.  Her motivation is second to none.  Amy, I hope you know how much respect and love all your stallholders have for you, I am so excited to grow with you and to be part of the upcoming Huckleberry Market Extravangza. Looking forward to an awesome future.  Much love Bek @ Sweet Bubba.

Melbourne Cheeky Monkey Market

Melbourne Cheeky Monkey Market is the perfect event for advertising a small business.  They communicate effectively and go above and beyond to help you with whatever it is you may need.  Highly recommend this market group for people who know what they want… and even if you don’t know Bianca-Jade Patsalis and her team and more than willing to help!
Laura Ioannou

My name is Mish and our business Ur Baby Trendz has undertaken 2 markets thus far with Melbourne Cheeky Monkey Market.

Being first time market stall holders (my 12 year old daughters bright idea) I thought the process would be time consuming, expensive and confusing.  I made my first call to Bianca (who I have dealt with throughout our experience) to enquire about a stall and everything was explained to me step by step in simple terms making the whole process less daunting.  Melbourne Cheeky Monkey Market do a lot self promotion which is great and we really saw this in the turn around of attendance. As we are a kids stall we loved that there was also bouncy castles, face painters etc to attract the families. 

On arrival our table was easy to find and set up was a breeze due to the great organisation.  Any questions we had were answered throughout the day as Bianca made a presence at all stalls to see how we were all going.  I really appreciated this as it showed that Melbourne Cheeky Monkey Market was not just about making money for themselves, but ensuring their market holders had a great day of selling.

After the first Williamstown market there was no question about booking another stall, and it was even better.  A smaller venue meant less people and less money to be made right? Wrong.  We made even more on sales and saw even more people thanks again to Melbourne Cheeky Monkey Market’s promotion.  During this market there was a spare stall next to us that someone hadn’t shown up to and instead of leaving it bare, Bianca invited us to spread our stock out across these tables.  It was perfect as our samples are huge.  There was no extra charge and the market did not have any spare tables making it look amazing and full.

I highly recommend Melbourne Cheeky Monkey Market and Bianca’s great organisation. We will be holding stalls at all their markets time permitting.

Mish

Ur Baby Trends

Hi just wanted to say I have been part of Melbourne Cheeky Monkey Market twice now and have booked for another I wanted to say it’s the most enjoyable market I have done, the girls Bianca and Stacey both are excellent with their attitude and patience with all stall holders. They go out of their way to make the day as enjoyable as they can for stall holders and consumers no problem is too big or small they welcome feedback chat with the stall holders always checking to see if things are going ok I would highly recommend them and their market any day over some that I have been to. regards Deborah I am a Sales Leader with Avon and I do Breast cancer stands at markets deborah henshall, henshall_deborah@hotmail.com

Macarthur Indoor Community Market

Naomi from Macarthur Indoor Community Market is a fantastic organiser, lovely person and really cares about her stallholders.  I love seeing an organiser walking around, talking to everyone & introducing herself.  Plus on the HOT days, she hands out bottles of cold water.  Little things make a big difference!

Nicole Day
Naomi from Macarthur Community Indoor Markets – she is organized, always keen to market and advertise in new ways and appreciates stallholders input to making every market day a success! Plus everything Nicole said!
Alex Hawkins
So many of them!!! Virtually all the market organizers that we have contacted are all professional and caring.  From The Dazzling Boutique Markets, Macarthur Community Indoor Markets, Western Sydney Up Markets, Castle Hill Mixed Market and Laurelbank Market, to other event organisers.  They all try to do their best and we think they all deserve a special thank you!!

Main Street Market Mornington


Main Street Market Mornington

Visited 10th April 2013 for their 30th Birthday Celebrations.

A market running weekly for 30 years is something that you have to be proud of, especially a market that runs alongside retail traders on a main street.

That is precisely what Main Street Market Mornington has been doing, last Wednesday they celebrated their big 30, with over 300 traders from stallholders, retailers to cafe’s and banks, this was a busy street.

Main Street Mornington Market

As with all my market tours, I end up meeting some inspirational and fascinating people and they all have a unique story to tell.  Sally from Sally’s Soaps Shoppe with her variety of soaps is big believer on manufacturing palm oil free products and also educating the public on how palm oil is disguised aswell as how the manufacture of it is impacting the environment.

Olie Bollen selling delicious dutch doughnuts hot off the pan (you have to eat them hot, that’s when it tastes the best), a young entrepreneur, studying, running his business and doing the markets.

Indian Belly with their takeaway curries and snacks, perfect for weeknight dinners and so many happy stallholders.

I also met a gorgeous woman Sarah from Toadstools & Tails, her lovely organic cotton blankets caught my eye straightaway and they are just so beautifully embroidered that I fell in love with her products.  I ended up inviting Sarah to a networking night that we were running in April and she attended and met other businesses and got some information to help establish her business more.  I highly recommend stopping by her stall because this is the perfect gift for a newborn baby.  I personally used organic wraps to swaddle my babies so this is certainly my recommendation.

Toadstool and Tails

Toadstool & Tails Organic Cotton Blankets

The market will definitely be running for the next 30 years and we are so glad that we visited and celebrated their 30th birthday.

Going to Main Street  Market Mornington is so easy especially with using the Peninsula Link, so if you get a day off on a Wednesday head on over and enjoy a leisurely morning/afternoon at this market.

During the long weekend in June for Queen’s Birthday, Mornington will be coming alive with Jazz, Music, Art and Heritage, so this is the perfect excuse to visit the market aswell as share in the celebrations of the Mornington Winter Jazz Festival.

Mornington Jazz Festival

Gully Market


The Gully Market is my neighbourhood market, it has been around for over 40 years.  Some of the stallholders have been there for well over 30 years. 

As all community markets you can feel the sense of the community and close knit feel of the market.  Saturday’s are very busy at the market with locals stocking up on fresh fruits and vegetables from Tony from Pellegrino’s, his fruits and vegetables are usually sourced from the local area when possible, I love the freshness of his produce (definitely an A+ from me.

I remember going to the market when I was heavily pregnant and stocking up on my weekly produce, I didn’t have a trolley to carry everything back to my car, and one of Tony’s lovely and handsome sons helped carry my bags to the cars.  I was chuffed that he did that and still blushing now.

Another couple of favourite stalls of mine is Pam “The nut lady”, who stocks all sorts of nuts, the Turkish dried apricots tastes divine and she will advice on what’s best to use for your Christmas cakes or even just for your general baking needs.  Remember to purchase a statue from Mick, he has some great ornaments for your gardens to go along with your plants from Wolf’s Carnivorous Plants.

It is advisable to drag along your partner, as he can get his haircut at $15 whilst you shop.  He can even get his dutch poffertjes and a coffee whilst getting his hair cut.

On Sunday’s when you go for a drive through the Dandenong mountains, you can stop by for a quick look at the market before purchasing your groceries from Maxi’s for you dinner, as the market trades on Sunday’s as well.

The market is open every Saturday and Sunday.

It is located at Upper Ferntree Gully Sation Car Park.

Visited 04th February 2012