For wholesalers and retailers, the holiday season is a real pinch. On the one hand plenty of merchandise on hand to satisfy your customers’ demands, but on the other you have a looming deadline at the end of the year. The dreaded annual inventory starts licking its lips just as you are going into high gear. It’s not only the time to get your business in the black with holiday dollars, it’s time to sell down your stock to the absolute bare minimum for you have to count every last piece of it. However, if you’re thinking ahead, it can be an unparalleled opportunity to do something that will improve your business out of all measure.
Whether they are considered Asian or Pacific Islanders, Filipinos are a casual, fun-loving, sensitive and hospitable people. When Americans first arrived there over a century ago, they termed the thousands of islands in their archipelago as the “orphans of the Pacific.”
The Philippine society evolved differently than their nearby Asian neighbors as they are predominantly Christians rather than the primarily Buddhist residents to the North. Although most Filipinos may consider themselves to be Asians, most of them feel a closer connection to the West, especially the United States.
Years ago, a nascent business could be organized and operated with a limited range of equipment. With a cash register, basic order forms, and thick notebooks full of order patterns, a business owner could sell his goods and record his profits. However,in today’s technological world, many of these older pieces of equipment and methods of operation have been expanded upon and further developed, becoming more efficient, flexible, and productive. From Point-of-Sale modules to social media involvement, retail enhancement has become its own business, complete with proprietary hardware, programs, and cataloging systems. The age of barcode scanners and Instagram is here, and it’s selling with style.
Zig Ziglar once said that, “…to be a winner, you must plan to win, prepare to win, and expect to win.” This is especially true if you own a business and would want it to succeed. But there are times when you tend to do so much that it results to your business getting more complicated and stressful.
While hard work is very important in running your business, you have to channel your energy on the right activities. Here are some tips that you can use to simplify your business and make it a whole lot better:
It is well known that iPad based POS systems provide cost effective and highly functional solutions for businesses. These POS solution also offer benefits to your customers. Five of these benefits are explored below.
Benefit #1 – Cloud Technology
You walk into a store that doesn’t use a modern or even almost modern POS. Maybe there is no POS system at all. Maybe they use only an accounting program and provide you with a handwritten receipt. If you were buying a big-ticket item, like a mattress or a new air conditioning unit, would you feel apprehensive? If it’s a busy day, what if they forget to actually charge your card that day? Your billing address, shipping address, and credit card number are left in a drawer. That means that your banking information continues to lie around the office.
Regardless of the size, type or nature of your business, you will always have a cash flow to take into consideration. Even if you have not experienced any substantial gains, your company will still have a cash flow that will need to be evaluated – even though it might seem to be a one-sided flow. In most cases, though, a company’s cash flow moves in both directions – both in and out of the business. When developing an effective cash flow statement, there are several key elements that must be put in place.
Are you ready to be a food service player? If you’re reading this article, chances are, the initial answer to the question is a resounding yes! Either you are already in it, or are about to plunge into it. This serves as a validation test for you on the essentials you need to succeed in the exciting world of food business ventures.