Blog

Blog
05-Jun-2018 By admin@practicepl.us

Looking to your Competitors for Business Success

There are many factors that can contribute to business success or otherwise. When first starting out, business owners can be focused solely on serving customers that they forget to check out the competition.

Blog
05-Jun-2018 By admin@practicepl.us

The Reluctance to Automate Leaves UK’s Food Industry Stagnant

Competition is rife in every industry. In order to keep up with competitors you have to be innovative and quick.

Blog
05-Jun-2018 By admin@practicepl.us

How to Deal with your Excess Stock and Stay Green

In an ideal world, your business would never have excess or obsolete inventory. However, this can and often does happen when demand for certain products decreases and supply remains steady or increases.

Blog
05-Jun-2018 By admin@practicepl.us

How to Refinance Your Business Debt

Many firms will decide to take on debt at some point, at different stages of growth and for several reasons.

Blog
05-Jun-2018 By admin@practicepl.us

How to Start a Private Label: A Chat with Sarah Ferrence of Mod. Merchant

Have you ever considered selling private label products? If so, keep reading. For this post, we caught up with Sarah Ferrence, the founder of Mod. Merchant, a firm that helps retailers and wholesalers adapt and grow their businesses in the new era of retail.

Blog
05-Jun-2018 By admin@practicepl.us

9 Reasons Your In-Store Retail Displays Aren’t Working — and What to Do Instead

One of the major differences between brick-and-mortar and ecommerce retail is the ability (or inability) to create a physical customer-product interaction. In-store retail displays allow you to draw attention to specific merchandise, round out the immersive in-store experience, and flex your creative muscles. In-store retail displays play a crucial...

Blog
05-Jun-2018 By admin@practicepl.us

Get Your Staff Ready for Cloud-Based Software

Shifting data, systems and the inner workings of a business onto the cloud can be a big move. However, it’s hard to stay away from the cloud these days; the applications of cloud-based software are seemingly endless.

Blog
05-Jun-2018 By admin@practicepl.us

How to Avoid Cash Flow Problems

Cash flow can be hard to get to grips with for any business; whether you’re growing, just starting out, or established. In fact, 82% of businesses become insolvent because of bad cash flow.

Blog
31-May-2018 By admin@practicepl.us

Ready, Set, Grow: A Guide to Funding Business Growth

Almost every small business struggles through ups and downs on their journey to funding business growth.

Blog
31-May-2018 By admin@practicepl.us

We Asked Retailers About the Habits That Led to Their Success. Here’s What They Said.

Highly successful retail businesses don’t just happen overnight, nor does it (usually) occur because of one big, bold action.

Blog
31-May-2018 By admin@practicepl.us

Technology + Humanity = The future of services

Running your own business is awesome, right? There are not many other lifestyles that afford the opportunity to enjoy the kind of life you’ve always dreamed of, on your own terms. Time, money, flexibility… the chance to have it all.

Blog
31-May-2018 By admin@practicepl.us

Streamlining your Small Business for Greater Efficiency

One of the complexities of managing a small to medium sized business is having the ability to optimise your organisation, enabling it to run more efficiently.

Blog
31-May-2018 By admin@practicepl.us

Managing Supply Chains Effectively During the Holiday Season

Gift giving is a major part of the holiday season. As a result, the holiday seasons is hectic, not only for the consumers, but also the retailers and manufacturers supplying the gifts.

Blog
31-May-2018 By admin@practicepl.us

“Let me tell you how it will be”: What the taxman can teach you about getting paid on time

I recently overlooked a GST bill. The taxman is not okay with that. He wants his money. And fair enough; I want free healthcare and the other benefits of being a taxpayer.

Blog
03-May-2018 By admin@practicepl.us

How to Stay Productive When You Work Remotely

Working remotely or freelancing has its positives— working in your pyjamas being one of them— but when it comes to self-motivating and staying productive, it can be an uphill battle.

Blog
03-May-2018 By admin@practicepl.us

Local Store Marketing for Retailers: 6 Ideas to Boost Your Presence in the Neighborhood

Local store marketing is critical for many retailers, particularly those who have brick-and-mortar stores. Chances are, the bulk of your foot traffic comes from people in the neighborhood, so it’s vital that you get yourself in front of as many locals as possible.

Blog
03-May-2018 By admin@practicepl.us

Best and Worst Businesses for Cash Flow

No matter how inventive or simple your business model is, you can still have problems with cash flow. Here is a rundown of the best and worst businesses for cash flow.

Blog
03-May-2018 By admin@practicepl.us

How to Engage and Sell to Gen Z

While millennials are still a significant consumer segment for retailers, there is another shopper group that’s continuing to gain spending power

Blog
03-May-2018 By admin@practicepl.us

5 Essential Business Costs Not to Skimp On

If you are a startup owner or entrepreneur, it is no secret that you may be working within a tight budget. The ability to make pennies stretch is an important survival skill.

Blog
03-May-2018 By admin@practicepl.us

7 Examples of Good Customer Service in Retail (and How to Apply Them to Your Stores)

While there are many things that can affect the in-store experience (e.g. products, prices, store environment, etc.) customer service is always going to be one of the top factors that impact how shoppers perceive your brand.

Blog
03-May-2018 By admin@practicepl.us

Avoiding Supply Chain Woes

More and more companies are failing because of risky supply chain issues. When working within global supply chains a lot of unknowns or changes to previous business methods can result.

Blog
03-May-2018 By admin@practicepl.us

3 Key Trends That Will Drive Business Success in FY 2019

As some of us begin a new financial year, it’s time to reflect on trends from the year that’s been. The 2018 financial year continued the dramatic trend of change that small and medium sized businesses have been experiencing for the last few years.

Blog
03-May-2018 By admin@practicepl.us

3 Ways to maximise your portfolio performance in 2018

With stock market volatility the highest it’s been in over two years, it’s easy to lose your cool and forget your long-term goals.

Blog
30-Apr-2018 By admin@practicepl.us

Why Do Businesses Fail to Grow?

No entrepreneur or business startup sets out to fail, yet in every industry, there are those companies that grow and dominate their markets, while others stagnate or ultimately fail.

Blog
30-Apr-2018 By admin@practicepl.us

The Retailer’s Guide to Cashier Training: Getting People up to Speed with Your POS

Perhaps the most important part of retail is the moment of the transaction — when money transfers from the customer to the cashier. (post by Cara Wood)

Blog
30-Apr-2018 By admin@practicepl.us

Putting Two and Two Together: Manufacturing Inventory Management and Quality Control

When it comes to quality control as a manufacturer, it’s important to remember the role inventory management has on your ability to moderate quality. In terms of running a business, your aim will be to make quality products that will sell, with as little waste as possible.

Blog
29-Apr-2018 By admin@practicepl.us

Innovation Poses New Challenges and Opportunities in the Food and Beverage Industry

One critical factor for food and beverage industry growth is innovation. While the food and beverage players are experienced innovators, the industry itself is facing new consumer, food safety and regulatory challenges.

Blog
31-Mar-2018 By admin@practicepl.us

How to Encourage Impulse Buys and Unplanned Purchases in Your Retail Store

Impulse purchases account for a significant chunk of the consumer spending pie. According to a study by Marketing Support, Inc. and Leo J. Shapiro and Associates, about one-third of all consumers make a sizeable impulse buy every week, with a median purchase of $30.

Blog
31-Mar-2018 By admin@practicepl.us

Expanding from 1 to 5 Stores: How This Retailer Used Communities to Fuel Their Growth

Picture this — you find yourself in an industry that is dominated by big chains at the top and crowded with online stores that keep popping up. How do you stay competitive?

Blog
31-Mar-2018 By admin@practicepl.us

How to recognize and prevent sexual harassment in your office

The Harvey Weinstein scandal is back in the news this week – and it’s a reminder that we should seriously think about how we recognize and prevent sexual harassment in the workplace.