Is Your Business Tracking these 6 KPIs?

rsz_gettyimages-525986717

Key Performance Indicators (KPIs) are benchmarks that help identify growth areas within your business. In other words, they’re basically the gages that tell you how your operations are functioning. Have you taken time to narrow down the KPIs that are important to your business? If you haven't, … [Read more...]

Making Inventory Markdowns Work For Your Small Business

Sale signs in shop window

Customers of all types look forward to seasonal clearances. Why wouldn't they? The drastic markdowns save them a lot of money.  In fact, I walked into my local dollar store and noticed it still had a small Christmas item display situated at the front of the store, with all items priced at 25 … [Read more...]

Four Things You MUST Think About Before a Disaster Strikes Your Business

Pile of structural debris at a severly damaged building

Remember that time when the tornado sirens were blaring and you didn’t take cover? Why was that? Did you think the odds were in your favor and it wouldn’t happen to you? Hopefully, you were right. If you were, don’t get over confident. Natural disasters can strike at any time, leaving your … [Read more...]

Keeping Up With Your Competitors: Small Businesses Can Rock Omnichannel

rsz_istock_000073208737_large_final

Small businesses are known for the hometown feel and personal experience. That is very important to building relationships and a loyal customer base. To keep up with larger competitors, creating an online experience has become equally as important. Why? Everyone is wired, from their laptop, to … [Read more...]

5 Mistakes Bridal Shop Owners Make and How to Fix Them

The range of wedding dresses on hangers and on a mannequin in the showroom

As sunlight streams through the stained glass windows, the wedding march sounds from the organ loft on this perfect day. It’s THE day. Family and friends fill the church pews; they stand in unison and turn to set their eyes on the star of the show, the beautiful bride.  Stealing the first glimpse of … [Read more...]

When Big Data is Too Big: Making Your Analytic Numbers Count

rsz_istock_000090437225_large final

You’ve probably heard the buzz phrase “big data” tossed around quite often in business circles. So much that perhaps you’ve kind of tuned it out. You likely have some sort of tracking systems in place, whether it’s for employee productivity, marketing analytics, or inventory management. You’re also … [Read more...]

10 Tips For Welcoming New Employees

rsz_istock_000057536030_large

As any good business knows, the task of filling a job opening involves more than just hiring a candidate and slotting them into the company framework. The hiring process is just the first step; the next goal is to help the new employee to feel comfortable, welcomed, and prepared to contribute. No … [Read more...]

Benefits of Using a Smart Phone as a Barcode Scanner

rsz_istock_000042365158_large_1

As consumers, we rarely think about barcodes as anything more than the series of lines and spaces on the items we bring to the checkout counter. At most, perhaps we note how much quicker and more efficient it is to purchase an item with a barcode than without. Businesses small and large in many … [Read more...]

The Indy 500: The Greatest Spectacle in Inventory Control

Newton Iowa, USA - July 11, 2014: Verizon Indycar Series Iowa Corn 300 practice and qualifying action.

The 500 Days of May The Indianapolis 500 is one of America’s biggest sporting events, and this day of racing reckoning is important not just to racing fans, but to drivers, pit crews, vendors and everyone involved in making sure the Indianapolis Motor Speedway can accommodate and entertain the more … [Read more...]

Bankrupt: 3 Takeaways From the Demise of Oreck

iStock_000017550752

Oreck failed to grow with changing consumer trends which allowed competitors to earn a large share of the market.  The Oreck family lost more than their family business in the summer of 2013 when they were forced to file for Chapter 11 Bankruptcy. They lost a legacy that David Oreck had built for … [Read more...]