As a retailer, you know that profit margins are important. But what is the average profit margin on retail? We take a look at the data to find out. For our business, we need to make sure that we’re always aware of our margins. After all, it’s one of the key indicators of how well […]
If you manage inventory for a business, then you know how important it is to keep track of your products. One way to do this is by assigning each product an SKU number. But what is SKU number? I remember when I first started managing inventory for my company, I had no idea what SKU […]
As a business owner, you need to know how does a cash register work in order to keep your establishment running smoothly. This guide will show you the basics of operating a cash register so that you can avoid any costly mistakes. I remember when I first started my small business, I had no idea […]
To many people, how to set up a pos system for their business can seem like a daunting task, but it doesn’t have to be! Follow these five easy steps on how to set up a pos system and you’ll have your system up and running in no time. What Is a POS System Cha-ching? […]
As a business owner, you know that a dependable cash register is essential to keeping your operations running smoothly. But how do cash registers work? In this blog post, we’ll show you the ins and outs of cash registers, as well as the five best models for your business in 2022. Whether you’re just starting […]
We all know the feeling of terrible customer service. You’re on hold for what feels like forever, only to be transferred five times and then told the person you need to talk to is unavailable. Or maybe you’ve been in a store where the employees are so busy chatting with each other that they ignore […]
If you are starting a retail business you may wonder, ”where do stores buy their products?” In this post, we’re going to outline different product sourcing methods and tips for finding the right manufacturer, supplier, or materials for your business. One of the most important things in retail businesses is finding reliable sources for your […]
As a business owner, one of your main goals is to keep your customers coming back. After all, it costs more to acquire new customers than it does to keep existing ones. But how do you achieve this? There are many ways how to keep customers coming back, but some methods are more effective than […]
You know what it feels like to be a customer. Therefore, as a business owner, you know why customer service is important. I once had an issue with a purchase I made online and the company’s customer service department was very unhelpful. It left me feeling frustrated and angry. After that experience, I vowed to always […]
When it comes to running a successful business, having the right tools in place is essential. And when it comes to point of sale systems, you have two main options: POS system vs cash register. But which one is right for your business? Let’s take a look at the pros and cons of the POS system […]
