You’ve heard the rumors that a local eatery was seeking a new owner. You waited and waited until they formally announced the sale of the business and you quickly put in an offer. It had a perfect location and great walkability so purchasing an existing business seemed to make sense. However, as you began to…
Whether it’s a punch card that encourages diners to come back to your restaurant or a reward program that gives a little cash back after a buyer spends a certain amount of money at your pop up shop, a customer loyalty program for small business should always be in the back of your mind. A…
There’s no denying it: Pop-up shops are unlike most other businesses. Whether they’re limited-run restaurants, monthly events, or special, one-night-only affairs, many traditional business tactics are out the window. While sales tracking and reporting are, of course, still important, long-term business strategies don’t always apply (unless, of course, you’re a serial pop-up shop entrepreneur). Like…
Spreadsheets, graphs, charts, and a seemingly endless amount of numbers to tally. With the wrong system in place, POS reconciliation goes from “regular business procedure” to “mathematical nightmare.” However, modern systems can make it so when it comes time to do some bookkeeping, you’re not pulling an all-nighter just to make the numbers add up.…
Still trying to grow your business while operating on a clunky legacy system? Stuck in an unfavorable contract that’s hacking away at your profit margins? Considering making the jump to a more modern, flexible system? You’re not alone. Plenty of entrepreneurs find themselves tearing their hair out because they’re saddled with the wrong system for…
What can’t gift card programs for retailers do? They’re portable money. They’re a great way to drive business. They also ensure that gift card recipients take a stop by your shop. Business owners everywhere know the value of gift cards but many of us have a difficult time introducing them to our business. Whether it’s…
Mother’s Day brings retailers and restaurants some fantastic opportunities to increase their levels of customer engagement. The potential windfall to all businesses is illustrated through National Retail Federation (NRF) research, which indicates that 86% of Americans celebrate Mother’s Day, spending $23.1 billion in the process. Regardless of whether you are a boutique retailer or a…
Imagine a tale of two systems: It’s 7:30 in the morning and you have to make an 8:00 am meeting. Your stomach is rumbling and you’re trying to decide between Bob’s Bagels and Jim’s Bakery. Bob’s Bagels has a line out the door and around the corner. On the other hand, Jim’s Bakery just upgraded…