Here's How SME Owners Beat Stress with a POS
As a small business owner or manager, you face a lot of challenges throughout the day, enough to keep you up at night. Insufficient sales, debts piling up, not enough money, slacking employees, equipment and operations drawbacks- every aspect of your business has the potential to become a source of stress.
All your problems and thoughts will be whirling around, making you tired and anxious. This is why it is essential for you to invest in the right tools to ensure the processes run smoothly while minimizing work on your side.
A POS system is one of the most important tools you must have in your business. It will save you a significant amount of time and money, so you can spend more time engaging with your customers and building your brand, rather than sorting through piles of cash register receipts and putting out fires.
Making the transition from an old-school cash register to a POS system can increase the efficiency on the front and back ends of your business, significantly shortening the list of things you are going to stress about.
Here are our golden pointers for you to manage stress as a business owner and the powerful ways a trusted POS system will help you with that:
1. Remember what’s going incredibly well!
As you run your business, it is so easy to dwell only on the things that are going wrong. You can become even more stressed by focusing on the things that are lagging, underfunded, or broken. Remember that the grass is greener where you water it. The best way to improve stress management is by occasionaly reminding yourself that despite all the challenges, things are going relatively well.
Make a list of all your accomplishments for the day. Big or small, they all matter. Any small business milestone is a step closer to greater things ahead, so make sure to give yourself a good pat in the back and celebrate your achievements. It’s a tough world out there, at least you have the choice to be kind to yourself everyday by not neglecting even the smallest accomplishments.
A modern POS has a good report and summary feature called the Back Office that can help you have a clear overview of your overall business performance. With the use of highly intuitive interface and neat visualizations with charts and graphs, you can have a complete overview of your business and how well you are doing.
In the Back Office, you can check important parameters such as gross sales, net sales and gross profit. You can also determine which are your top selling products and categories, who are your best employees and which store is performing the best. Analyze your sales by different parameters and find out the trends and problem areas that you can work on to improve the performance of your business
2. Stop working hard, and start working smart!
Gone are the days when productivity and efficiency is defined by spending hours and hours completing a certain task, breaking a sweat, and pulling off all-nighters. Today, thanks to automations, it’s all about working smarter with the help of technology. And in the world of business, a trusted modern POS is the smartest way to get the job done as it streamlines all basic business processes by cutting wait times and reducing errors.
It’s so easy to get stressed and overwhelmed when you see the list of tasks you need to do. Fortunately, now you can let a POS take over in managing the most valuable aspects of your business such as your items, inventory, employees and customers.
One of the most time-consuming tasks is tracking stock and inventory. Thankfully, POS today has a powerful Inventory Management feature that can update your stocks in one click through purchase orders and also easily send orders to your suppliers. The system will automatically track it in the system and calculate the average price of received items. Find out more about this feature here and save your precious time:
Remember, as a business owner your time is your most precious resource, your most valuable asset- spend it where it really matters.
Having a Loyalty Program incorporated into your POS system significantly decreases the amount of time and effort that goes into manually inputting recurring engagements and customer data. Not only will you make your customers feel appreciated and valued with your special promos and loyalty offers, but you will also cut time in having to write all their details by hand or merely relying on your faulty memory to keep track of all your loyal customers that engage with your brand.
Remember, that it costs more to engage with new customers than to retain already existing ones. The main goal of your business is to keep your customers happy so that they keep coming back to your store.
3. Take breaks and have some time for yourself
Hey, we get it- managing a retail business is a fulltime job. But no matter how hands-on you would want to be about running your business, you too deserve a vacation! Who says you need to be physically around in your shop 24/7 just to make sure everything runs smoothly? You, just like everyone else, deserve to take breaks and have some time to take care of yourself. Remember that your wellbeing is just as important as your business’.
With a cloud-based POS, you can still have a good grip of your business performance while being away on a retreat or taking care of other more important matters. With a POS Dashboard, you can have a good view and instant access to your store’s most important data. You can analyze your sales, and track inventory directly from your smartphone anytime, anywhere- in real-time, so that you can make important decisions immediately.
Do you sometimes feel that your employees seem to slack around when you’re away and that goals and targets are not met because of this? With real-time data right at your fingertips, you can find out who is performing well and who needs more training.
A good cloud-based POS allows you to better control your operations remotely by helping you monitor the various departments and how they are running even when you are away. So go on, and allow yourself the vacation that you deserve from time to time, and come back more refreshed than ever.
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