Whether you own a retail store, a restaurant, or an e-commerce site, EPOS (Electronic Point of Sale) systems are beneficial for you because they present a more efficient way of running your business. They can be programmed to perform any process. Plus, they run on handy peripherals such as tablets or iPads for maximum mobility.
retail
When setting up a new business there are many things to think about but probably the first key thing to decide on is what kind of business do you want to set up – which business entity will work best for what you want to achieve?
It has undoubtedly been a difficult few years for the UK high street with many shops closing and the loss of big-name brands. And with major retailers reporting disappointing sales figures over Christmas 2018 there may be more to come.
You’ve done the hard bit; you have a store that’s open and fully functioning. But, footfall isn’t coming in as quick as you’d like. It’s vital that you ensure customers have a great experience in your store. Consider all the factors below before you start wondering why your sales aren’t as high as you’d like.
If you are the owner of a business, you, of course, want it to have a welcoming reputation when it comes to customers. A business can offer the most fanciful product on the market, but unless it is marketed correctly, no one is going to buy it.
According to the latest report by the FSB (Federation of Small Business), confidence among small businesses is bouncing back after the dismal results of the last quarter. These positive results from the quarterly index could be due to the progress in Brexit talks, lower inflation and the positive spring statement.
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The number of people deploying professional apps to help run their business has exploded in recent years. With the rise of iPad POS systems, mobile accounting applications, and integrated ecommerce platforms, SMEs have capitalised and prospered, even despite the fact that not too long ago the only reason one would use an app would be to send angry birds flying into buildings.
Employees don’t leave the company they leave their horrible bosses. A great number of employees like their job but their relationship with their boss makes it difficult for them to enjoy their job. A lot of employees start the year by looking for new jobs and this is because they want to leave their ‘horrible boss’ behind.
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The Brits have started adopting American retail/shopping holidays in the recent years, with Black Friday and Cyber Monday being huge hits with the shoppers. Another retail holiday is making its way in the UK, the Small Business Saturday. It has been inspired by the American Small Business Saturday, which takes place traditionally the Saturday after Thanksgiving. However in the UK, Small Business Saturday will be celebrated in the upcoming weekend, on Saturday 2nd of December.
Once you have surpassed the point of starting up your business you will want to start growing it. You can do this by increasing and improving your revenue growth, which will lead to an increase in profits, allowing you to expand by reinvesting in your business.
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Till systems are no longer just a cash drawer and a calculator – they have become a cornerstone of modern day retail and hospitality businesses. A till can store data, help manage staff, keep track of stock levels and feed information straight to your accountant.
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Millennials are the largest living population, and this group includes anyone born from 1981 to 1997. The generation has been widely misunderstood, and reports show that they are the most difficult demographic to engage. As millennials are such a huge part of society, it’s worth investing time to get to know them as prospective customers and perhaps tailor marketing strategies to suit their needs.
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