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Every retail store has a flow of customers with traffic patterns and the proper placement of top-selling products can drive more sales. But this requires...

Everyday, retailers make hundreds of small decisions regarding their business. They also have quite a few major decisions that may affect its health and...

Retailers need to make cash flow a priority or else feel the negative effects of a cash crunch. This means digging deeper into sales and operations to reduce...

Today, more than ever, our lives are being pulled into a million directions. That’s why we develop skills to help meet the demands of our modern lives...

Sometimes it’s hard to stay motivated when running a small business. Temporary setbacks and exhaustion increase stress levels, which leads to complacency...

One way to reduce your workload and free-up time is to delegate many of your less important tasks. We all know that project delegation is important...

Yes, teaching soft skills is possible, especially if your employees are eager to learn. The hardest part is taking the time to mentor them. But, if you do take...

Many small retailers have little time to spend away from their business, especially when they get started. Their everyday tasks may keep them from expanding...

Surprisingly, 46% of small businesses use a manual inventory control system. The disadvantages of a manual system greatly outweigh the advantages...

There always seems to be a problem with keeping employees busy during their downtime. Only a few employees can be considered go-getters or...

The number of millennials in the United States is almost a quarter of the entire population—around 80 million people—making them the largest generation...

Competition in the furniture industry is tight. Today’s consumer has more choices in furniture styles than ever before. So, what makes the modern furniture...

As the owner of a retail business, you do it all—from operations to finance. You wear a lot “hats” during the day, which is why being more organized and...

It’s never too late to sharpen your marketing skills and create a marketing plan. Your marketing plan can be short and simple or detailed and comprehensive...

In 2017, the biggest trends were in technology and how they can help your business grow. For 2018, successful retailers will continue to concentrate on...

Estimates show that hiring a bad employee can cost your company about 30% of their potential salary. That’s why it’s important to be patient and find...

The holiday season is upon us. Shoppers are looking for deals as much as they are looking for those special gifts for family and friends. With that in mind...

When you perform a physical count of your inventory, you can find discrepancies between what’s on the shelves and what’s in the computer...

Simple reports and analytics from your point of sale software help you run your daily operations more efficiently. They give you important sales and...

Usually, when we hear the term total cost of ownership, we think of the costs associated with owning a car or a computer. Total cost of ownership is typically...

For retailers, inventory represents the largest portion of their assets. This is why, if you’re a retailer, you need to understand the true costs of your inventory...

In today’s retail environment, small retailers need to be thinking about what the “Next Big Thing” will be. Some products can create such a buzz that everyone...

Many small retailers don’t use purchase orders because they have strong relationships with a handful of vendors. This type of organic procurement process...

A referral is the best recommendation customers can give about your products and services. Referrals are the most influential and trustworthy source...

Market research can tell you if your company is meeting the needs and expectations of your customers. Best of all, it doesn’t need to be a time intensive...