Technology has become an increasingly versatile tool for many businesses. Not only can it aid in keeping track of stock, it can also help to improve your efficiency and even assist in marketing your business. This is true for businesses of any size; from large corporations to local newsagents. So why should a newsagent care about investing in technology, and how can it benefit them?
Even with today’s technology and ever-advancing levels of security, cyber-attacks can still occur. And now, more than ever, charities are being urged to protect themselves against a specific type of cyber-attack; ransomware. Continue reading
As technology advances, we are seeing personalisation and tailoring everywhere, from online adverts to promotions offered by retailers. Not only does this enable consumers to find appropriate offers, it also strengthens the relationship between consumer and retailer. However, a recent report from Cognizant shows that retailers are not taking full advantage of the data available to them, meaning that the shopping experience is let down and retailers miss out on getting the most out of the data.
There are many risks involved when running a business, the monetary loss being one of the major security issues that you may face. A lesser risk is that of data loss, which can easily occur as a result of workers being careless or accessing company data offsite. With the rise of remote working, this has become more and more common in the modern workforce.
We live in a digital age and nothing reflects that more than the technology surroundings us. More and more retailers are investing in a wide range of technologies that offer an omnichannel shopping experience to their customers. Technology such as electronic point of sale systems with an integrated e-commerce solution can help shop owners manage their stock whilst competing with bigger retailers online. Continue reading
Spring may feel like it’s still a while away but with days becoming longer and nights shorter it’s time to prepare for your retail store for the new season.
There is no doubt that purchasing an EPoS system can represent a large capital investment. Rather than focus on the day one cost, it’s better to consider how using the system will benefit your business and how long it might take to pay for itself. EPoS can provide tangible savings on employee time and accounting. At the same time, it can provide an uplift in sales through accurate pricing and by improving the efficiency of your stock control. For some businesses, installing an EPoS system can be the first time that you begin to create a database of customers and customer behaviour. Continue reading
One of the main concerns for business owners is reducing costs that derive from inventory loss and shrinkage. Many retailers lose stock between the point of manufacture, purchase from a supplier and the point of sale which can cause significant costs to their business. Continue reading
Festive season is just a few weeks away and retailers need to start preparing for Black Friday which falls on 25th November this year. Continue reading
When you begin running your own shop, it is important to know how you are going to measure success. What does it look like to you and how will you know if you need to make improvements? Many business owners set themselves their own KPI’s or key performance indicators that can be regularly reviewed to ensure they stay on track.