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 […]
It’s hard to compete with other merchants in your area that offer similar products and services. In many cases, the only way you can attract customers is by having a loyalty program or an incentive system, such as a gift card program. Gift cards can serve two purposes: to increase revenue and customer loyalty. Gift […]
Restaurant supply chain management may not be the most exciting part of running a restaurant, but it is essential. If you can’t get your hands on and buy all the ingredients needed for success, then there’s no way to run an effective business. It can be tough to know where to start when you are […]
Restaurant startup costs can vary significantly. The range is between $175,500 and $750,000+. This means that there are a lot of factors to consider when deciding how much money you will need for your restaurant. It’s essential to plan. The best way to succeed in the restaurant business is by projecting your startup costs and […]
Restaurants are increasingly reliant on online food review sites to increase customer traffic, so it’s crucial that they have a strong web presence. This includes websites and restaurant review sites where people can share their experiences. The internet has opened up new ways for word of mouth to spread. It’s given people access to social […]
If you find yourself in a daily habit of waiting for your morning fix at the coffee shop, it turns out that millions of other people are doing this as well. But have you asked yourself how much it costs asked to open a coffee shop? If you’re considering starting up a food and beverage […]
Are you interested to know how to become a bartender? Working as a bartender may seem like an easy job to outsiders, but the reality is that it requires more than just physical stamina. There are also prioritization and people skills involved. After speaking with industry insiders, we learned how to become a bartender and […]
Do you want to learn more about payroll record retention? If you are a US-based retailer, it is already hard enough to manage high turnover and the challenges of running payroll for hourly or minimum wage workers. But when it comes to federal, state, and local laws on records retention to comply with them as […]
Do you want to learn more about yardage book design? Golf, at first, is so confusing to try all the more the best way to figure out the best way to approach a hole. A yardage book is essential for helping me learn about course layout and what clubs are needed. When you give golfers […]
Shoplifting, theft, and fraud are costing retailers billions of dollars. It’s important to remember that inventory shrinkage (theft, shoplifting, and error) was $50.6 billion in 2018, up from the year before. So the question is: How to spot a shoplifter? The recent rise in cyber-attacks impetus for a more significant overlap between loss prevention and […]
