Cashflow – The life blood of every Retailer
Cash flow. If there is one thing that will keep you awake at night, its cash flow. It really is the life blood of any business. Because without it, there is nothing. When the cash is flowing, the business has a future. But when its in short supply, life can look so bleak. So where […]
Eights Ways to Increase Footfall to your Store
Driving foot traffic to a bricks-and-mortar store may seem something of a lost art, but it’s no less critical to the health of your business than it ever was. Here are eight tips to get your front door swinging. 1. Have a grand opening. Planning on opening a business in the near future? Make Day […]
5 benefits of Good Inventory Management
Inventory management is a good practice for any company. If you are not keeping a watchful eye on your inventory or counting stock regularly, you are setting yourself up for potential inventory errors and challenges. Proper inventory management really can make or break your business! Keep the following benefits in mind as you weigh the […]
Retail Customer Loyalty Tips
Retail Customer Loyalty Tips One of the keys to maintaining a thriving business is a steady customer base. A successful company typically sees 80 percent of its business come from 20 percent of its customers. Once a shopper enters your store, they’re in the perfect setting to enjoy everything that sets you apart from competitors […]
6 most common mistakes small retailers make
Having a business fail can be devastating but unfortunately it happens all too soon. To survive, a new business owner should avoid the following fatal mistakes. 1. Failure to plan Many new retailers plunge into business with little more than a wing and a prayer. Which is why it´s so important to write a Business […]