The best inventory management software for retailers (also known as Point of Sale Systems – POS) allows you to collect data so that you can reduce mistakes, improve your profitability, and so that you can know what to buy, how to make more money, and how to serve your customers better. Your inventory is your biggest retail asset and it’s … Read More
How To Start a Successful Retail Business
Have you wondered how to start a successful retail business? If you’re thinking of starting a retail business, keep reading! I 100% believe that the future of retail is bright – but no one dreams of starting or running a struggling business so read on as I tell you what it will take to have a successful retail start up … Read More
Why You Should Hire Like a Turtle & Fire Like a Rabbit
Turtles are slow, unhurried. They take their time. When you are hiring a new team member, it’s so important that you move slowly and deliberately. To clarify, I don’t mean you should procrastinate or drag out the hiring process. What I mean by slow is being intentional, thorough and knowing what you want, and what you need. Hire Slow Use … Read More
A powerful report you are probably NOT evaluating (Part 1 of 3)
To make the best decisions possible when going to market or placing orders for an upcoming season, you need to come prepared. Of course you’ll want to have your Open To Buy plan (OTB) which tells you how much you should be spending on new inventory, based on your sales history and projections. But your OTB plan is only one … Read More
5 Steps to Negotiate with Your Landlord
As a store owner, there will come a point when you have to negotiate with your landlord. Often it’s when it’s time to renew your lease, but sometimes circumstances calls for a different negotiation. Like when you just can’t make rent. Early on during the pandemic many store owners around the world faced having to shut down their business. It … Read More