Whether you’re a local start-up or large company every manager abides by a simple rule. Maximise Profit and Minimise Cost. One of the key ways many local businesses minimise cost today is to utilise the government grants that are available in the market. If you’re a local retailer in Singapore, this is one of the […]
19
Feb
Feb
Many Singaporeans are celebrating their $300 “ang pao” after yesterday’s Budget 2020 speech. However, for local retailers there are even more reasons to be happy. Below are three important takeaways from the 2020 budget statement if you’re a retail owner. 1. Develop Your Employees With the aim of growing Singapore’s economy and creating opportunities for […]
04
Feb
Feb
There are numerous aspects when operating a retail or food and beverage (F&B) business. Such businesses call for a wide range of skills, ranging from administrative, management to marketing. No doubt it is a daunting ordeal. Not only will you need to juggle these tasks but your team will need to do it well to […]
31
Jan
Jan
Operating a business require you to take several roles outside of being a business owner. You will need to handle administrative, marketing and operations. To not stretch yourself too thin, you will need to delegate certain tasks to others. Such help does not limit itself to the actual workforce, but it also extends to implementing […]
23
Jan
Jan
As a business, your end goal is to increase your bottom line and maximise your profit. Grab any opportunities that offer a chance to get closer to your goal, no matter how small of importance it may be. There are countless approaches and methods to do so. Two tactics that you should not ignore are […]
03
Jan
Jan
Every business has one goal: to optimise sales and maximise profit. There are several tactics to increase profitability, but one of the more essentials is assortment planning. Assortment planning is the process in which products are carefully selected and placed in a specific area of the store, at a particular period. The purpose is to […]
24
Dec
Dec
For several businesses, they find it hard to not only attract but also retain customers. This is especially so when the competition is so stiff. We’ll delve into some of the ways that you can stand out from the rest and guarantee customers’ return. Exterior and Interior Design Arguably a tactic that has been overshadowed […]
07
Feb
Feb
Choosing a POS (Point of Sales) System for your retail business might be one of the most important decisions that will determine whether your business takes the leap to the next level, or struggles with a poorly designed and unusable POS system. EPOS considers the most important factors to improving retail efficiency and focuses on […]