Large companies, by their very nature, require lots of time and manpower to maintain and update their financial records. Consequently, they often face time and cost constraints, which may limit their profitability. The cost of employing finance experts to handle complex tasks, such as filing tax returns, may drive the company into the ground. […]
Email marketing is by far one of the most successful ways to sell over the internet. Despite the concerns of GDPR, the average return on investment (ROI) has increased by 7.5% from last year to £32.28 for every £1 spent on a campaign. In comparison to the average ROI for Google Ads and other PPC […]
Why should you use business reporting? For most business owners, particularly those working in hospitality or retail, the day-to-day workload can be quite high. This means that managers are sometimes too caught up in the minutiae to be able to take a step back and look at the bigger picture. Sometimes if you’re part of […]
For business owners in the food industry, having the opportunity to expand and spread your wings can be an exciting, busy and sometimes stressful time – with so much to consider when it comes to running multiple locations and keeping all those plates spinning. Xero Tracking Categories gives you the ability to report by location to compare & analyse performance.
When setting up an online retail business, it’s important to make sure that your website, back-end and processes all run smoothly. It’s vital to make sure that everything is as efficient as possible, to maximise profit and make your business a success.
Building a paperless office can be a challenge for any retail or hospitality business. There are a variety of paper saving measures that can be put in place, though, to create an office that’s light on paperwork without being detrimental to essential control mechanisms.
Growing retail and hospitality businesses requires funding, which can often be extremely difficult to source from traditional lenders, like banks and venture capital providers.
Angel investment is a lot different, as angel funding is acquired direct from an angel investor who will invest their own funds.
Measuring KPIs in retail can help increase the profitability of the business. Some important KPIs that can ensure greater success within retail include:
– Monitoring footfall is simply a count of the number of people…
When you raise money with crowdfunding, what exactly are you getting? What are you selling? And, frankly, is it worth the effort?