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Your one-stop guide to mergers and acquisitions for small to medium businesses

It is a common misconception to think that mergers and acquisitions, popularly referred to as M&A is only for large-scale, multi million businesses. Even in the local or regional set-up, M&A arrangements can be a power move for small and medium-sized enterprises (SME). The concept of fast growth and value generation through M&A works just as much for SME, as it does for larger ones. When executed the right way and with the aid of the right financial advisors, the synergy of your b

Chooli

Chooli in Entrepreneur

You would never believe the humble beginnings of these business tycoons...

Everybody knows the challenges and risks of starting your own business. As tempting and promising as it may seem in our imagination, there is always a lingering hesitation we find at the back of our heads whether we would be able to succeed. Everyone has to start somewhere, and many of the most successful entrepreneurs came from very humble beginnings. These entrepreneurs started small but grew their companies to worldwide brands. They started with nothing and still hit dizzying heights of

Working from a cafe

Many people do their jobs from a cafe. Cafe as a working place is popular among freelancers as well as for office workers.  Freelancers often find it difficult to work at home and lose concentration Working at home, we often get distracted and lose motivation. Often we associate home as a place to relax. If you have to do your tasks at home, such as reading articles and researching materials for future work, we need to spend much more time than the job itself requires. Sometimes we can

Ashly

Ashly

Why is the coffee shop business a good business?

If you have started spreading the word that you want to dive right into the coffee shop business, you've most likely gotten some raised eyebrows from dubious friends and family. So if you need a little more push or encouragement, read on! Opening a coffee shop can be highly profitable if you do it right. Come to think of it, most specialty coffee shops are likely to be full of customers any time of the day enjoying coffee, espresso, lattes, teas, desserts, and an exciting variety of pa

Why does restaurant food taste better?

Food holds the power to change our mood, our feeling and attitude toward something. It has a healing power – a protective blanket that touches our soul- almost like a therapeutic session. A good hearty meal can influence our perspective. But people sometimes tend to forget the fact that the food cooked in the home tastes different than the one cooked in the restaurant. When we set off to cook a meal, be it for our family or a romantic evening for two, we would often start with a v

Why are some coffee shops growing into successful chains, and some are hardly getting cash positive as single outlets?

One of my friends started a coffee shop as an individual business three years ago. Despite all his efforts, now this cafe is closed because it was cash negative and drove him a minus. Recently, I read about Romanian guys, who started their coffee shop business three years ago as well, with 10K euros and 12 sq.meters, and now they have over 150 coffee shops, have sold 35% of their company to venture investor, and have opened their franchise.  Quite impressive growth over the same three

Elias

Elias

What is the difference between an online marketplace and an e-commerce website?

If you are one of the many who find themselves caught in the jumble trying to figure out the difference between online marketplaces and e-commerce websites, then you have come to the right place! Here, we break down for you a thorough comparison of the two online platforms that are big in the e-market arena today, to help you decide which one is best for you and your business.  You are not alone. Most people assume that online marketplaces and e-commerce websites may be the same thing. Thes

Chooli

Chooli in Entrepreneur

What is the best email marketing tool for your business?

Whether your product is content in a blog or an item in a store, in the end, you want as many people to get to know your product and buy it. It is at this point when marketing begins to play a significant role. How, then, can your product reach your target audience? Some of you may think that social media websites- such as Facebook or Instagram- are great tools to advertise your product and reach many people. Although this may work for some time, you do not have much control over the proces

Ashly

Ashly

What is the best CRM software for your business?

CRM - these three letters contain useful power that can help you develop your business. Customers are the most significant component of running any type of business. That`s why it's essential to pay attention to customer relationship management. Nowadays, there is a lot of CRM software ready to help you optimize marketing, increase sales and improve customer service. Therefore, it's a solution to a data organization problem. Which CRM software should I choose? It's difficult to fi

Elizabeth

Elizabeth

What is a franchise business?

Launching a business, let alone running it is arduous and not for the faint of heart. The tedious process includes coming up with the idea, developing the business plan, finding and securing investors, products source, suppliers, finding a location, hiring employees and spreading the word through marketing, advertising, and social media. Despite going through all the hard work of all the steps, there’s always a lingering chance that a single lapse could cause the entire business to fail. Just li

Chooli

Chooli in Entrepreneur

Tiny but Fierce: Are Nano Businesses the Future?

We’re going to say it, loud and proud: small businesses are the backbone of the economy. The Federation of Small Businesses reports nearly 6 million businesses with fewer than 50 employees, with half the gross revenue of the entire private sector. Some of these businesses are very small – so small that they are run entirely by the business owner alone. These tiny but fierce businesses thriving today in the competitive market are called “nano businesses,” with “fewer than one” people engaged

Chooli

Chooli in Entrepreneurship

The best global online marketplaces for small and medium businesses

It is little question that the COVID-19 crisis has dramatically heightened the dynamics within the online business landscape across the globe as it significantly expanded the world of these types of businesses in terms of varieties of shops, products, services, and consumer groups. Furthermore, online shops in many countries have somewhat made a transition from luxury goods and services to everyday necessities like groceries and daily supplies, relevant to a large number of consumers. As ci

Chooli

Chooli in Entrepreneur

The best affiliate marketing software for small to medium businesses

Affiliate marketing is a powerful marketing strategy by which a company taps into a network of affiliates to promote their products on their site. The affiliates are then paid a commission based on the amount of traffic, conversions, leads or sales generated by the promotion.  By partnering with affiliates, which mostly consists of influencers, bloggers, paid search focused microsites, email lists and large media websites to help you promote your business, you will significantly expand your

Surviving the Retail Apocalypse

Between 2010 and 2013, mall visits decreased by 50%, and the trend continued until the present. Even more, when pandemic struck in 2020, driving all physical retail stores shut. This occurrence has been happening in Southeast Asia for several years, but very few realize that this is the retail apocalypse.  Despite growing optimism about the end of the pandemic, research has predicted that about 10,000 stores could close in the U.S. alone this year. This number will set a record high for a n

Now is the time, when is important to experiment with formats and embrace the shoppers

It is the time for the shop owners, when it is necessary to breakthrough by focusing both on customers (shoppers) who are existing customers, and on a new customers as well. It is a good to experiment with a combinations - creating a hybrid of different formats: like combining a coffee shop, with delivery options and offering there as well necessary products for the nearby living people.  For the small outlets it is the time, of the unifying  hybrid formats of shops-cafes. Combining offline

Elias

Elias

Masks 2.0. Example of business that is growing despite the coronavirus crisis

Despite, that analytics says that there is a start of the global economic crisis, there is a business that is on the rise: Manufacturing of Masks. For example URBAN AIR MASK 2.0 https://www.airinum.com/products/urban-air-mask-2-0-classic?variant=13654585606249 This manufacturer is out of stock. His fancy designed mask cost 69 USD. It is reusable, with filters. The original cost of such a mask, I believe small. Margin-profit should be very big. Looks good for business i

Elias

Elias

How to use a POS system in a retail store?

Running a retail store requires an array of skills in administration, management, and marketing. From ensuring that your inventory is stocked up to putting together monthly sales reports and summaries, these skills are necessary for your store to run smoothly. Having an efficient Point of Sale system can go a long way, so you can rest assured that all your operations are centralized and work simultaneously. What is a POS And How Does It Work in Retail? The Point of Sale (POS) refe

How to promote your business online

Nowadays, there is a rising trend of businesses going from the traditional brick-and-mortar store to online. When the pandemic broke off, urging people to make certain adjustments such as refraining from physical contact, we found ourselves doing more and more things online. Instead of going to the office, we start to work remotely. Even businesses were no exceptions to the transition by switching from running their physical shops to e-commerce. Analysis from UNCTAD has found global e-commerce s

How to create a pleasant atmosphere to attract customers to the grocery store

Modern retail is working to create a positive emotional atmosphere in stores. We've collected a few tools to help your grocery shop or supermarket create a sales-boosting atmosphere. The buyer chooses a shopping place where he or she feels comfortable, pleasant, beautiful, convenient, joyful, fun, and also where he or she is appreciated, loved, and expected. All of these are about positive emotions. A good atmosphere will cause immediate sales growth and generally increase customers’ loyalt

Aldert

Aldert in Entrepreneurship

How do QR code payments work for your small business?

QR codes are known for efficient marketing and information sharing, but it is also a popular way for people to make mobile payments, especially since the Covid-19 pandemic started. QR codes rose up to popularity as an excellent way for merchants to accept payments without the use of a card machines or other complex hardware and setup. QR Codes can store a large amount of information per unit area. It works similarly to a barcode except it has a pattern of black squares that are arranged on

Fulfilling your business needs with fulfillment services

Your product sales are increasing, your daily orders are larger in volumes, your business is expanding and so are your goals; and you’re looking for a great way to free up your time by helping you take care of things in-house. Time can be considered your greatest resource and it just makes total sense to enlist a business optimization procedure to give you just that. This is what fulfillment services are here for.  A fulfillment service is a third- party warehouse that prepares and ships or

Five Quick Tips to Level Up the Way You Run Your Restaurant Business

Keeping your restaurant business up and running amidst the fierce competition and rapidly changing trends can be challenging. Seasonality, the economy, and even trends, so many factors come into play for people to continuously choose your restaurant. But one thing is constant for restaurateurs: no matter how much you sell, there is always something you can do to level up the way you run your restaurant business to increase sales and improve overall customer satisfaction. Long gone are those

Everything you need to know about creating an in-house affiliate program

An affiliate program is a digital marketing strategy where your business recruits partners, known as affiliates, to place links to your business on their website, blog, or social media page. You then pay these affiliates a commission every time someone makes a purchase or visits your site via their affiliate link. There are two ways to have an affiliate program: One is through an already existing affiliate network and the other is by using your in-house tracking solution. Advantages of

Essential Features of Point of Sale System for Retail

Modern POS systems have a lot of functionality for different ones. However, there are several essential features that you need to use in a retail business. Ability to sale different product The POS system should allow selling your types of products. For example, if you sell cloth, you should be able to process the same item with different sizes. The POS should give you the ability of sale through scanning barcodes, to make the process of selling quick and straightforward. For grocery stor

Andy

Andy

Best QR code payment providers for small to medium-sized businesses

Digital payment providers that offer the convenience of payment transaction using mobile phones are rapidly emerging in the global market today. One of the services that has gained popularity in the business world nowadays are QR code payment solutions. Digital payments using QR codes are solutions that enable merchants to receive payments for their goods and services by providing a QR code for their customers to simply scan to complete the transaction.  These QR codes are generated by

Loyverse Point of Sale

 

 

 

 

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