Do you open your cash register drawer and just deposit money without any type of system or checks and balances? If you do, you could be damaging your business without even knowing it. Why? Because balancing your cash register drawer has to do with all kinds of payment methods like mobile payments, credit/debit, checks, and
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It’s time for school to start back up. That means it’s time for parents to get back in the swing of things like school car pool, nightly homework, and meal planning. Why not create dinner promotions that are irresistible for them to pass up. It’s nice to also include teachers, students, and anyone involved in
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Starting up a small retail business can be scary. You need more than just passion and drive. First, you need to do some research to see what works best for you and where the market is trending. Here are 3 small business retail ideas. We’ve also included some Point-of-Sale (POS) system information as well, because
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The days of businesses only accepting cash as a form of payment are almost extinct. According to a 2018 survey by TSYS, 80% of those surveyed prefer credit or debit as forms of payment. Many businesses realize that in order to stay competitive, accepting cards are a must. But what happens if a power outage
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Unless you are building your own furniture from trees behind your business, everything you use in your business comes from somewhere else. If you own a restaurant, you will be ordering supplies like food, equipment, alcohol, and more. The quality of your suppliers and what they provide are a huge part of your success or
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Monitoring and measuring your retail business’ inventory KPIs (key performance indicators) against a predefined set of metrics is key to your progress. By continuously doing this you can spot trends and gain insight that can help you make better decisions about your inventory. There are quite a few things to track, but where is a
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Whether your customers prefer cold brew to espresso or specialty to a regular cup of Joe; they like coffee. It’s probably safe to say it’s one of America’s favorite beverages. According to the National Coffee Association’s recent annual report, about 35% of coffee drinkers drink their morning brew in a coffee shop. That’s a pretty
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It’s one of the most widely used forms of consumer communication—SMS messaging. With a 98% text open rate vs a 20% email open rate, it’s clear to see why so many businesses are including SMS text marketing as a part of their strategy to boost sales. In this two-way communication between customer and business, there
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Chinese, Italian, Greek, you name it—there are more than 1 million restaurants in the United States, and you can expect that number to grow. It’s forecasted that limited services restaurants will increase by 4.9%, while table service restaurants will grow a little slower at 3.3% in 2019. If you are considering opening a restaurant, you’ll
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In order to know if your restaurant is making a profit, you must know your food costs. Knowing the costs not only helps you with profit margins, but it also helps you build your menu. You don’t want to build a menu with ingredients that your customers don’t want to pay for. You also want
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