by Judd Farmer | Jan 10, 2019 | News, Point Of Sale, Security
According to the National Retail Federation, shrink (or “shrinkage”) cost retailers, on average approximately one and one-third percent (1.33%) of sales. If your store has $5 million in revenue, that’s $66,500 in earnings wiped out. Ask for and check...
by Judd Farmer | Dec 28, 2018 | Hospitality, News, Point Of Sale
You’ve successfully attracted new customers to your restaurant. And you’ve purchased the best must-have tech solutions for your dining establishment. Now, it’s time to boost and measure your restaurant’s sales performance…. Don’t Go Crazy...
by Judd Farmer | Dec 26, 2018 | Point Of Sale
“Let’s just wing it and start our business without planning a budget.” –Said no successful businessman or woman ever Suppose you have an extra few hundred grand to play with and you want to buy a business. And let’s say that the business...
by Judd Farmer | Dec 18, 2018 | Hospitality, Point Of Sale
It’s easy to fill up tables at your restaurant when you’re a James Beard-nominated chef like Mashama Bailey. But if you don’t have instant name cred and you’re a pedestrian restaurateur, how can you boost sales in an industry that already has...
by Judd Farmer | Dec 12, 2018 | Hospitality, Point Of Sale
For some people, New Year’s Eve is just like any other night. But for lots of your customers, it will be the biggest celebration of the year. More food and more alcohol for your customers means more profits for your establishment. In fact, for many bars and...
by Judd Farmer | Dec 11, 2018 | Hospitality, Point Of Sale
Do you have friends or colleagues that like yourself own a small business? Stumped by what you should get them? Well, think about what you’d like to receive as a gift. Chances are that you, personally, could do without yet another sweater, pair of socks, a tie,...
by Judd Farmer | Nov 27, 2018 | News, Point Of Sale
According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years. In this New York Times business blog post, one reason mentioned for failing businesses is owner stubbornness. Granted,...
by Judd Farmer | Nov 15, 2018 | Hospitality, Point Of Sale, Retail
Does your store’s payment-processing hardware have a handwritten sign sticking out of the chip-card reader insert that says, “Chip coming soon?” Chip cards, the most recent development in secure payment-processing technology, make it harder for...
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 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...
