by Judd Farmer | Jan 8, 2019 | Grocery, Hospitality, Retail
Congrats! Your business just had one of its best quarters for revenue ever. But after you’re done paying all your suppliers, the success brings you back down to earth. If you’d like to improve your cash flow, consider negotiating the terms from your...
by Judd Farmer | Jan 2, 2019 | Grocery
Are independent grocery stores a dead man walking? Are they no longer relevant? After all, Walmart and Amazon are gobbling up greater grocery sales, while Albertson’s and Kroger’s continue marching towards monolithic status. The recent consolidation in the...
by Judd Farmer | Dec 4, 2018 | Grocery
How is a neighborhood or regional grocery store supposed to compete with the likes of Walmart, Target and Costco, all of which a short drive away? Not to mention the ease of online grocery shopping thanks to Amazon and other etailers. Last year, Walmart swallowed over...
by Judd Farmer | Nov 20, 2018 | Grocery
If you’re the owner or general manager, the first step to increasing profits is to put on your customer hat. In fact, pretend you know nothing about the grocery retail industry. Take a day and visit several markets in your metro area. What do you notice? Which...
by Judd Farmer | Nov 14, 2018 | Grocery, Hospitality, Point Of Sale, Retail, Security
Thanksgiving, Black Friday, Cyber Monday and Giving Tuesday, oh my! That’s a lot of emails and promotions directed at your customers. Say you’re a small business owner with a brick and mortar shop or eatery. You don’t sell anything online. Perhaps...
by Judd Farmer | Nov 8, 2018 | Grocery, Hospitality, News, Retail, Security
Is your small business hiring? Consider hiring a veteran? Sure, you may have heard that the the veteran unemployment rate mirrors the current national trend of low unemployment. That’s the good news. The bad news, however, is labor statistics don’t always...
by Judd Farmer | Nov 6, 2018 | Grocery, Hospitality, Hotels and Resorts, Point Of Sale, Retail
Suppose your small business earned $500,000 in revenue this year, compared to $300,000 last year. That’s great news, right? Not necessarily. A business that does $300,000 in sales may profit handsomely, say, to the tune of $200,000, whereas a $500,000 business...
by Judd Farmer | Oct 18, 2018 | F&B, Grocery, Hospitality, Hotels and Resorts, News, Retail
When you think of major holidays, Halloween probably doesn’t make the cut. But does that mean that the seemingly frivolous child-centric holiday can’t help lead to more sales for your business? If statistics revealed by the National Retail Federation (NRF) mean...
by Judd Farmer | Oct 17, 2018 | Grocery, Hospitality, Hotels and Resorts, Retail
The economic impact of Hurricanes Florence and Michael will exceed $100 billion. Obviously, the biggest tragedy of catastrophic weather events are loss of life. Small businesses also fail to survive extreme weather events. In fact, according to statistics by the...
by Judd Farmer | Oct 10, 2018 | Grocery, Hospitality, Hotels and Resorts, MobileBytes, News, Point Of Sale, Retail, Stadiums & Arenas
The latest and greatest POS systems can do everything from track inventory and employee hours; provide analytics and sales data; manage a loyalty rewards program, and much much more. POS systems can also, of course, take orders, process both credit card and cash...
