This is a tough time for the retail industry, for America, and the world overall. But by exercising patience, diligence, and ingenuity, retailers can keep their business safe, operational, and even profitable during these unprecedented — but temporary — times. In this article, we want to be informative about the effects on retail, but we won’t stop there — we will also give actionable steps to help your retail store survive and even stay profitable during the outbreak.
In the time of the novel coronavirus outbreak, hairstylists, makeup artists, nail technicians, and salons are all in a really tough spot. Many state and city governments have mandated closures of these types of businesses. Salons in some states are still open for the time being, but business has slowed to a trickle. In this article, I’ll offer you some useful advice on how your salon can adapt and survive during this incredibly trying time.
While it’s hard to predict the future as things are changing so rapidly, it seems likely that many restaurants will remain open throughout the novel coronavirus pandemic, if only in a limited capacity via delivery and take out options. Keep reading to learn how your restaurant business can adapt to new business conditions in the age of coronavirus, including resources on how you can save your business from closing and even continue serving customers during this crisis.
Inventory financing is a type of asset-based loan in which the inventory you’re purchasing with the loan is used as collateral to secure the loan. Depending on the arrangement, the lender may also require you to put up your accounts receivable as collateral. The amount of financing you receive is directly related to the value of the inventory in question, usually 70 to 80% of the inventory’s value. Read our article for the full story on inventory financing, including rates and terms.
In just a day’s worth of transactions, your POS has the potential to collect a wealth of information about your sales, your employees, your customers, and the trends that can make or break your business. There’s a good chance you’re not taking full advantage of even your POS system’s basic data reporting capabilities. Read on for more information about how to use POS reports to your advantage.
Many businesses may need to borrow money from time to time in order to purchase inventory. Indeed, purchasing inventory is one of the most common reasons a business might need a loan. As bank loans remain out of reach or unfeasible for many small businesses, online and alternative lenders have risen to the occasion, offering smaller, faster loans that can work for even very small businesses that have never before ventured into the world of business financing. But what are the best loan options for small businesses that need to buy inventory?
Shopping for a Clover POS system? With so many companies peddling the system, making a choice and comparing costs can be daunting. Let us set the record straight on what a good Clover POS price is and where you can get the best deals.
Registering your nonprofit can provide your organization with distinct advantages like legal protection, tax benefits, access to funding and discounts, and more. Learn what it takes to register your nonprofit organization.
Should You Form A Business Cooperative? Consider These 9 Advantages & Disadvantages Before Getting Started
Worker co-ops come with a variety of advantages for its members… but you might encounter some disadvantages as well. Learn what it takes to form a cooperative, and find out if its the right type of structure for your business.
The following lenders will work with you even if you have bad credit — and they won’t take advantage of you.