Blog posts tagged with "Retail Loans"

4 Ways to Use a Liquor Store Loan

June 13, 2019
Owning a lucrative liquor store business can seem like an easy venture but there are numerous components that go into making it a success. When running your store, you’re responsible for following liquor laws, restocking inventory, and providing helpful customer service, among other tasks. Having a business loan can be extremely beneficial, and can enable you to enhance various aspects of your business.

10 Ways to Increase Your Retail Store's Sales

May 21, 2019
Owning a retail store can be challenging. Most retail businesses have a strong seasonal element to them, and a multitude of factors outside your control can impact sales. Let’s face it, some months are just slow.

6 Tips for Starting an Online Boutique

April 25, 2019
If you have a great idea for an online boutique, opportunity is ripe. Of the nearly eight billion people on the planet, Nielsen Online calculates that over four billion have Internet access. Not to mention, digital stores are rapidly taking share from traditional brick-and-mortar retailers. According to Absolunet, eCommerce now accounts for almost 15 percent of all specialty retail sales in North America — and this number is growing at a rapid pace.

How Different Industries Use Working Capital

February 28, 2019
When running a successful small business, there will always be room for improvement. Whether it is updating technology, purchasing new inventory, or hiring more employees, there are many ways to continually elevate your business. These initiatives will vary depending on many factors, one of them being the industry that your business is in.

Pros and Cons of Starting an Etsy Store

February 04, 2019
Whether you’re looking to start a handmade craft business or add another distribution channel to your current business, opening an Etsy store might be a great option for you. Etsy is an online buying and selling platform that started in 2005 and became a publicly traded company in 2015. It’s similar to eBay  or Amazon Marketplace, but you can only sell handmade items and vintage goods. Etsy’s revenue has grown extensively in the last five years, from 26 million in the first quarter of 2013, to 150 million in the third quarter of 2018.

6 Tips for Running a Pet Store

January 29, 2019
Did you know that tomorrow is National Dog Day? Celebrate these furry friends by making some updates to your pet-retail store. Selling items that customers need for their pets can be a fun and rewarding business venture, so make the most of it! With these pet business ideas, you’ll be able to improve your business, and incorporate new components that customers will love. Check out our six tips here:

The 10 Best Retail Blogs for Business Owners

January 09, 2019
Former U.S. President Harry S. Truman said, “not all readers are leaders, but all leaders are readers.” Reading can quickly build your expertise and allow you to learn from top industry experts. As a small business owner, it’s important to stay on top of the latest trends and research so you can grow your business and keep your customers happy. Fortunately, there are many blogs and resources specifically for retail business owners like you.

Pros and Cons of Opening a Brick and Mortar Store for Your Online Business

December 14, 2018
Owning an online business can be an exciting venture, especially if your inventory is in demand from customers. If you own a popular, lucrative online business, you may be contemplating the possibility of expanding your business into a brick and mortar store. This can translate into new opportunities for your business, additional sales, more visibility and an overall more successful business.

6 Tips for Hiring, Training, and Managing Seasonal Employees at Your Retail Business

December 06, 2018
The National Retail Federation estimates that consumers will spend as much as $720.89 billion in November and December 2018, which is a  4.8 percent increase over 2017. For some businesses, the holiday season represents 30 percent of their annual revenue, so to meet this customer demand, they’ll need to hire seasonal employees.

How to Turn Your Passion for Fashion into a Lucrative Business

November 16, 2018
What could be more satisfying than turning your favorite hobby into a career? If you’re interested in fashion, this could be more attainable than you once thought, especially with the digital overhaul of the fashion industry.