Love and Football Are in the Air – How to Maximize Profits in February
It’s that time of year when giant heart goodies, mushy greeting cards and Super-sized football merchandise should be on your store shelves. The Super Bowl and Valentine’s Day fall within a week of each other this year – the big game is Feb. 8, and Cupid’s grand entry is, of course, Feb. 14 – making […]
Leftover Holiday Inventory… Profit or Loss?
Leftover holiday inventory can still be an asset if you move quickly and strategically. However, now that the holidays are almost a month behind us, what do retailers do with the extra? If storage is not an issue, then hold on to the good merchandise and sell it early at a slight discount so consumers […]
Protecting Intellectual Property Is Key To Protecting Profits
Independent entrepreneurs who invent a new tech device or think up a catchy slogan or business name should act quick to patent and trademark their ideas without hesitation. It is vital to claim intellectual property as soon as possible. Failing to do so could very well mean a competitor trademarks or patents the same idea, […]
AI Can Effectively Help Manage The Inventory Process
Artificial intelligence (AI) can be a powerful, profit-generating and money-saving tool for business owners when applied to inventory management. AI systemscan absorb and analyze huge amounts of data in minutes or even seconds, work that traditionally could take hours, days and sometimes months. In addition to lightning-speed evaluation, a critical benefit of machine technology is […]
Happy New Year! What’s the plan?
By Bob Donnelly As you look forward to a new year, have you developed your business plan outlining the strategies you are going to implement to survive, thrive, and make money? There’s an old business tenet: “nobody plans to fail – they just fail to plan.” Planning today in uncertain economic times is more important […]
The Importance of Leadership Skills for First-Time Business Owners
There are many essential skills that first-time business owners should acquire before opening their doors. Whether it be through previous employment, rising up the ranks or lessons learned in the classroom, an entrepreneur would do well to have a firm grasp on budgeting, inventory management and supply chain fundamentals. Advanced knowledge would further drive a […]
National Retail Solutions (NRS) Deploys Altria Tier 4 Program Across Point-of-Sale Network
National Retail Solutions (NRS) announced the successful development and deployment of the Altria Tier 4 program across its entire point-of-sale (POS) network. The integration embeds Altria’s Tier 4 program directly into the NRS POS, giving independent retailers access to advanced digital trade incentives. Merchants can now offer enhanced loyalty rewards and multi-pack discounts to adult […]
The Importance of SEO Marketing
A new business with a strong online and social media presence has everything going for it but struggles to stay afloat. The owner of an existing business with a similar digital footprint and strong customer base is doing great yet is unknowingly falling far short of maximum profitability. In these scenarios, the common, negative […]
National Retail Solutions (NRS) Partners with NationsBenefits to Enable “One Tap” OTC Card Acceptance for Independent Retailers Nationwide
National Retail Solutions (NRS), operator of the leading point-of-sale (POS) network for independent retailers in the US and Canada, today announced a strategic partnership with NationsBenefits, the leading healthcare fintech, benefits, and outcomes platform. The partnership allows NRS merchants to seamlessly accept NationsBenefits Over-the-Counter (OTC) Flex Card, driving millions of health plan members into local […]
How AI Can Help Small Businesses?
Artificial Intelligence is omnipresent in any discussion of the state of the business world, now and in the years and decades to come. Whether it’s corporations, small businesses or even mom-and-pop stores, the extent to which and how people utilize AI will be critical to thriving and surviving. Small business owners might think that AI […]
