Unified communications help improve collaboration and streamline business workflow. Learn why it should be a part of your company strategy.
Ultimate Guide
Multilocation Retail Management: Strategies & Tips
Scaling your retail business from one location to a multistore operation presents exciting opportunities for growth, profitability, and expansion. However, multilocation retail management requires careful planning and effective strategies to ensure success. In this article, we’ll help you determine the best strategy to grow your business and explore key tips and insights for navigating the…
5 Sole Proprietorship Pros and Cons
A sole proprietorship is a single-owner business that’s never formally incorporated with a state filing. Sole proprietorship pros include ease of setup and low costs, while cons include the lack of liability protection and the distinction between business and owner. Sole proprietorships minimize startup costs but won’t help you limit your personal liability. You can…
Revenue-based Financing: How a Revenue-based Loan Works
With revenue-based financing (RBF), your monthly loan payments vary based on the revenue earned by your business. Payments must then be made until a predetermined amount has been reached. Since payments can go up or down based on the amount of sales you make, this type of financing can be a good option for business…
Omnichannel vs Multichannel Retailing: Key Differences
Retailers are using multiple channels where shoppers can interact and purchase as the purchasing journey becomes less and less linear. Omnichannel retailing is when sales channels work together to form a cohesive customer experience (customer-first approach to building a brand). Meanwhile, multichannel retailing is when a retailer has multiple sales channels that are siloed (product-first…
How Much Does a POS System Cost?
Point-of-sale (POS) system costs vary by industry; expect to pay $0 to $400 per month for software, and $60 to over $3,000 upfront for devices, registers, and hardware kits—depending on your POS hardware preferences. This comes to a total of around $4,000–$10,000 per year, without factoring in additional costs for payment processing. That price range…
How to Do Payroll in India: Ultimate Guide
As a US-based small business, expanding your operations into international markets like India can be both exciting and challenging. One of these challenges is understanding and effectively handling the intricacies of Indian payroll. This guide aims to provide you with an in-depth understanding of the process, ensuring accurate and timely payment for your employees abroad….
Landscaping Insurance Cost & Coverage for Your Business
Landscaping insurance refers to a policy, or combination of policies, that protects your business assets against claims that your business was negligent and caused harm. Landscapers need coverage for third-party claims, employee injuries, and business property damaged by theft or vandalism. The most common lawn care business insurance policy is general liability, which can cost…