Retailers are facing supply chain issues that can lead to food inventory shortages. Amidst many other issues like rising costs and labor shortages, low inventory is the last thing retailers want to deal with. Thankfully, there are ways to prevent this, according to Marketman…
Inflation is another challenge retail stores are having to face this year. Rising costs can hit businesses hard, but there are ways you can work towards minimizing the impact inflation has on your business. Here are 4 ways you can combat inflation at your retail store, according to a blog
Retail store owners of convenience stores, grocery stores, specialty retail and the like can experience big benefits by investing in technology. It has made its way into almost every facet of our lives and has proven to be a necessity. Although technology can have its drawbacks, there is no doubt
Labor shortage is just one of the many impacts the pandemic has had on our economy. In 2021, 47 million workers resigned from their jobs to find more flexible workplaces. The pandemic seemed to make more workers realize they value work-life balance above all else, and they won’t settle for
Are you a store owner looking for a quick snapshot of the retailer application for SNAP? Our free EBT resources are exactly what you need if you are interested in applying to accept SNAP! Before you get started on the application take our SNAP retailer quiz to see if you
SNAP recipients come from a variety of backgrounds and situations. While we may think we know who uses SNAP, the reality is SNAP recipients are far more diverse than most people realize, and can include your friends, neighbors, family, coworkers, etc. SNAP users are more varied and a lot closer
On Monday, August 16, 2021, the U.S. Department of Agriculture (USDA) released a re-evaluation of the Thrifty Food Plan, which is used to calculate Supplemental Nutrition Assistance Program (SNAP) benefits. As a result of this re-evaluation, the average SNAP benefit–excluding additional funds provided as part of COVID-19 pandemic relief–will increase beginning on October 1, 2021.
According to the Small Business Administration, the second leading cause of business failure is insufficient or delayed financial support. In many cases, this is brought about by a poor business credit score. If you are unaware, a business’ credit score is similar to a personal credit score. A person’s credit can
Now more than ever the American people will be turning to local businesses to meet their families’ nutritional needs. With the economic impact of COVID-19 the number of applicants for government assistance has doubled. As part of the U.S. government’s $2T stimulus package, an additional $15.5B has been allocated to
Issues with high sales and low profits usually relate back to your store’s product margins. Margins refer to the amount you spend on a good versus how much you sell it for. Simply put, when you subtract your cost of a good from the amount that you sold it for, the
As a business, it is crucial to have a plan for how you reach your audience and how immersive you make the experience. People generally think in a way of promoting their business on individual channels i.e. Facebook, Instagram, Twitter, and many others. With each of these multi-channeled approaches, it
If you watch or read the news fairly regularly, you’ve probably heard talk of something called “Bitcoin”. Bitcoin is a cryptocurrency, which allows for payments between two parties without the need for a third party or banking institution to complete a transfer of funds. This means that digital exchanges carry
Amazon continues its “new” venture by implementing one of its C-Stores in the city of Chicago. The store is beginning to gain traction and becoming a huge hit with people living in a city. Now for the business owners located in Chicago, it may be best to innovate your location
Nearly 1/3 of small businesses struggle to pay vendors, bank loans, and their staff. The issue is usually not a result of low sales, rather, an issue in payment processing. For some businesses, it takes up to a month for banks to process each payment. With some payment processing solutions,
One of the most important parts of starting or owning a business is making sure there is a market for your products. Depending on your business type, where you decide to set up shop can make or break your business before it even starts. Since many of you have already planted
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