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Creating and sticking to a retail budget is imperative to the success of your business—it will help you predict sales, optimize purchasing, understand costs, and prevent overspending. Here, we will go over how to budget a retail business in six steps, which includes gathering and

Point-of-sale (POS) security protects the computer systems that process debit and credit card transactions. Because point-of-sale systems can contain sensitive data like account numbers, emails, and addresses, hackers target these systems, and a data breach can be costly both financially and reputationally. POS system security

Wave Payroll is a user-friendly payroll software add-on to Wave’s free accounting system. Best suited for small businesses, it lets you pay employees and contractors, offers workers’ compensation insurance, and has an employee portal. While it’s quick to set up and easy to use, it

The term customer relationship management (CRM) came about in the 1980s, but the process of managing customer data started long before. The early days of the CRM evolution simply involved filing customer profiles on paper. In this article, we’ll travel through time to learn about

If you are a small business owner seeking to manage HR functions yourself or want to upskill your HR team members, free online HR courses are very beneficial. There are a host of options that cover virtually all aspects of human resources, from policies to

Email marketing serves as an invaluable tool that offers a personalized touchpoint to keep you top of mind for new and former clients. Drafting impactful emails from scratch can be time-consuming, so having ready-made templates available ensures you can get your message across in a

Small business owners can avoid frequent inventory counts and save time by using the gross profit method to estimate inventory. The gross profit method is the easiest inventory estimation technique wherein the company uses historical gross profit rates to determine cost of goods sold (COGS)

Line sheets are industry-standard product sales tools retailers, manufacturers, and wholesalers use to display complete product information to potential buyers and retail partners. Unlike product catalogs and lookbooks, line sheets are simple visual documents often used in business-to-business (B2B) transactions that give potential buyers all the

Days payable outstanding (DPO) measures the average number of days from when a company purchases inventory and materials from the supplier until it’s paid. The DPO calculation is: DPO = Number of Days x = Average Accounts Payable  Cost of Goods Sold The formula can easily be changed for

Learn to set up your company Indeed account, search candidates, view resumes, and contact potential new employees.

We’ll provide you with 10 vendor onboarding best practices—from creating an onboarding plan and discussing business processes to sorting out required documents and documenting payment methods—that can help you design a smooth and productive onboarding process. We also have a free vendor onboarding checklist, as

A positive, transparent, sales-driven culture is vital for keeping small business teams engaged in the business' overall success—regardless of their role within the company. Building the framework for a positive selling culture starts with offering incentives for aggressive yet achievable performance. It also involves developing