Sunday, September 26BIZGROWTH Is Your Small Business Digital News Source.

Tag: help

Selecting the Right POS System

Selecting the Right POS System

Business Solutions, E-Commerce, Payment Processing, Tech
A great POS system is vital for simplifying business operations, tracking inventory and controlling cash flow. It provides a consistent stream of data which helps with making informed business decisions and improving return on investment. Other features of a quality POS system are inventory management, sales reporting, employee management and accounting. However, due to a variety of options available on the market, selecting the right POS system can be challenging. Below are some of the essential tips to consider when choosing the right POS system. Understanding what your business needs Having a good grasp on your business needs is the first step in choosing the right POS system. Because POS systems are vital for keeping track of ongoing activities in sales and inventory, you sh...
How to Get Started with a New POS System

How to Get Started with a New POS System

Business Solutions, How-To, Payment Processing
The POS software system streamlines retail operations by tracking vital sales data and automating the various transaction processes. Depending on the software features, retailers can track inventory changes, pricing accuracy, sales patterns and gross revenue. Using integrated technology to keep track of data helps retailers catch-up with discrepancies in cash flow, pricing, loss, profit or interruption in sales. Below we discuss ways to get started with a new POS system. Find the best retail service provider It’s vital to find the best retail service provider since different solutions are made for distinct businesses. Some of the custom software applications provide alternatives to the various retail operations include ticketing businesses and events, which is why it’s so import...
Things to know about starting an online store

Things to know about starting an online store

Business Solutions, How-To, What's Hot
If used properly, the internet can be an incredible tool for business advancement. It’s a source of both entertainment and income for most entrepreneurs and online businesses. Plenty of e-commerce statistics show that there is major potential income opportunity with selling products online. Here are some of the things to know about when starting an online store. Determine your business structure When starting your online store, it’s important to decide on the structure of your business. Some of the business structures include sole proprietorship, corporation, partnership, and Limited Liability Company (LLC). Starting an online business in the form of a partnership involves having a partner in the business and signing an agreement when starting the business. Agreeing to the partn...
Things to avoid with a virtual payment system

Things to avoid with a virtual payment system

Business Solutions, How-To, Payment Processing, Tech
The advancement in technology has helped many businesses develop new and innovative ways of undertaking their payment transactions virtually. It’s important to note that online sales, payments, marketing, and transactions are different from offline strategies. One of the things that online businesses with a virtual payment system should avoid is assuming that the online payments will be conducted the same way as the offline payment strategies. This is why it’s critical to come up with effective virtual payment system strategies. Below are some of the things to avoid with a virtual or online payment system. Providing an insecure payment method The majority of businesses conduct their payment transactions through cash after buying a product from a shop. This is due to the lack of ...
Tips for going virtual in the restaurant industry

Tips for going virtual in the restaurant industry

Breaking News, Business Solutions, How-To, Marketing, What's Hot
The restaurant industry is an extremely competitive sector of business which is why the majority of restaurants fail or shut down within the first three years of their operation. If you want to make it in the industry, it’s essential that you implement an online marketing strategy.  Here are some tips for going virtual and marketing your restaurant online. Stay connected with the local community The majority of consumers support local businesses, and studies show that a high percentage of consumers access these local sellers by using the internet or online platforms. With that said, it’s in the best interest of the restaurant to make themselves easily accessible by investing in the local search marketing platforms. Businesses in the restaurant industry should take advantage...
Accounting tips for small companies

Accounting tips for small companies

Business Solutions, Trends, What's Hot
The maintenance of accurate accounting records for small companies is necessary for success and growth. Accurate accounting allows small companies to effectively track their income and expenses, build financial statements, monitor business growth, prepare tax returns, legitimize their filings and keep track of the company’s expenses. Here are some tips for implementing a solid accounting structure.  Proper Invoicing For the majority of small companies or businesses, invoicing is not a familiar concept, however;  it’s necessary for recording particular details on various transactions and for prompting  customers to make timely payments. Accurate invoicing can help a small company keep track of customers who consistently fail to make payments within the stipulated a...