Retail inventory management is stocking products that buyers want, using pricing and promotions to sell profitably and maintaining inventory at levels that meet demand without over-purchasing. An overall inventory management plan guides how it all gets done, from intelligent purchasing and pricing to procedures covering receiving, inventory counts, and location tracking. In today’s data-driven economy,…
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How to Set Up Your Retail Lighting in 4 Steps
Retail lighting can be broken down into four primary types: general/ambient lighting, task lighting, accent lighting, and decorative lighting. There are also many bulb options, like halogen, fluorescent, and LEDs. This retail store lighting guide will help you plan the right lighting, bulbs, and fixtures to brighten your store and spur sales. While the right…
30 Best Restaurant Management Software Tips, Trends & Advice from the Pros
Restaurant management software streamlines the many microprocesses that drive a busy restaurant operation. If you’re wondering which restaurant management product might work for you or are just starting your search, you’ve come to the right place. We’ve rounded up 30 top restaurant management software tips from seasoned pros who use a wide array of restaurant…
6 Best Thermal Receipt Printers for 2018
Thermal receipt printers integrate with retail and restaurant point-of-sale (POS) systems to print customer receipts for completed sales. A receipt printer can connect in various ways including USB, Ethernet (LAN), Wi-Fi wireless (WLAN) and even Bluetooth. We look at a range of options for small business in terms of price, functionality and popular POS compatibility….
5 Best Cash Registers for Small Business 2018
Note: Square has recently changed it’s flat-rate fee of 2.75% to 2.6% + 10 cents per transaction. We will update the pricing and our ranking of providers in the next update of this article. A cash register combines a secure cash box, advanced adding machine, and receipt printer into one operating unit. Many connect to…
Restaurant Management — How to Manage a Restaurant in 6 Steps
Effective restaurant management is balancing many different groups and processes in a seamless operation. Food costs, inventory tracking, staff scheduling, food production, customer service and marketing are part of restaurant management. Here’s a look at how to manage a restaurant in six steps, along with tips and advice from experienced restaurateurs. Since restaurant management depends…
25 Innovative Customer Appreciation Ideas
Your customers are the cornerstone of your business, so why not show them how much you appreciate them? If you’re looking for ways to express your gratitude to your faithful clientele, check out these 25 customer appreciation tips and ideas from the pros. 1. Create Custom Logo Signs for Your Clients Ally Compeau, Founder &…
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5 Best Barcode Label Printers for 2019
A barcode label printer is what you use to print various types of barcode labels for product labeling, equipment tagging, parts tracking, shipping labels, and more. In this guide, we compare the printing features, label output options, and costs of five top-rated barcode label printers suitable for a range of small business barcode label printing…
25 Creative Retail Promotion Ideas to Attract More Customers
According to the Big Commerce report, 51 percent of Americans now prefer to shop online, putting brick-and-mortar retailers in a challenging position. Retail business owners need to step up their promotional game in order to compete with their digital brethren. Thankfully, there are many ways to spread the word about retailer’s storefronts. Check out these 25…
Death of Retail: Fact vs. Fiction
The supposed death of retail hit full swing in 2017. Brick-and-mortar brands considered too big to fail, such as Payless, Rue21, RadioShack, and Toys “R” Us, were among 300-plus retailers that filed for bankruptcy. As 2018 progresses, we find teetering brands still collapsing while others shore up foundations by combining downsizing with omnichannel moves. Experts are…
NFC Payments: What They Are, How They Work & How to Accept Them
NFC payments are contactless payments that use near-field communication (NFC) technology to exchange data between readers and payment devices like Apple Pay and Android Pay eWallets or EMV chip cards. NFC devices must be close together to complete an NFC payment, typically less than 2 inches apart, and payments are encrypted and highly secure. NFC…
35 Grand Opening Resources
Opening your own business can be one of the most exciting moments in your life. There’s a pride that comes with creating something and sharing it with the world. All of your hard work in preparation will come to fruition, so why not make it a grand affair? If you’re not sure where to get…
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