Retail. Easy.

Small retailers have had to battle against big box stores for decades, and small internet retailers face similar challenges against the discount ecommerce websites. How should small retailers position themselves? Should you launch an internet retail store to gain additional customers and sales? Or will your new ecommerce website suck time and money away from your…

In this post, I’ll walk you through a four-step process for deciding what inventory to have on hand for the holiday season.

Today I want to write about discovering what items you need to have on your shelves. As our business has grown, it has become a herculean task to manage our catalog.

Today I’ll share a few applications that can shave off a few minutes from your daily computer time and will probably save your computer from meeting the wall.

Large corporations generate enormous amounts of data (we’re talking terabytes upon terabytes and then some). There are office buildings full of analysts chopping, sorting, modeling, and generally trying to make sense of these data with one goal in mind: make more money. As a small retailer, you don’t have an office complex full of analysts.…

Help! My Business Partners Have Gone Mad and I Need Data to Prove it. This month I had planned to continue my theme from last month’s post and go into further detail on how I use google spreadsheets, but recently, my business partners proposed changing our business hours to open later due to conflicts in…

Use the computing cloud to your advantage! If you owned a small business ten years ago, unless you were also a tech wizard, your options for business software were limited to Microsoft Office or … Microsoft Office. With the advent of cloud computing, the days of needing a PC and having to purchase a software…

In my last post, I discussed the quick ratio, a quick and easy measure of your business’ financial health.  This week, I want to talk about another crucial metric for retailers: Inventory Turnover. Two primary factors control inventory turnover. The average amount of inventory you keep on hand, and the total cost of all the…

Monitoring your business finances and understanding their significance can be the difference between struggling to make it through the end of your lease and discovering what makes your business successful. If you’re thinking about opening a small retail business or if you’ve been in business but still don’t have a clue what to make of…