Learn what inventory costs retailers need to keep track of, how to calculate total inventory costs, and how to reduce them.
Understanding your competition is key to the success of your business. So, a thorough evaluation of your market should be part of this planning stage. Here’s how to conduct market research and target the right audience: Market research is a cornerstone of your business planning, providing the...
How to Conduct a Physical Inventory in Manufacturing by Karen Rogers Published on 1 Jan 2021 Buying and holding inventory is a substantial investment for many small manufacturing businesses. Once or twice a year, business owners take a physical count of every inventory item in stock. If you ...
Innovations in blockchain and cryptocurrency are opening up new ways to conduct transactions and raise capital. Short-form video marketing dominance. Social media platforms like TikTok, Instagram Reels, and YouTube Shorts are critical for reaching modern consumers. With these trends in mind, let’s...
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During the due diligence process for selling a Shopify store, your potential buyer will conduct an in-depth review of key aspects of your business to make sure that it’s as ‘safe’ a buy as possible. Here are several things that are likely to happen during this process: A financial rev...
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Polls:Conduct quick polls with questions about your products, asking anything from which design your followers like better to which new items they’d like to see in your store. Be sure to respond to followers’ comments and messages with authentic, genuine replies. ...
Learn how to start a business—everything you need to set up and launch a company. Discover the best way to open a successful small online business, LLC or partnership.
Physical count Before anything else, you should conduct a physical count of your industry. You’ll need all hands on deck here. Take everything out of your warehouse and count every last item. Depending on how big your business is, you should do this either monthly (for smaller businesses)...