Category Archives: Small Business Tips

How to Finance a Bakery

It’s not simple to set up a small to mid-sized, independently owned bakery. Opening a bakery generally requires proper attention to a lengthy and costly checklist. This can involve anything from ordering certain foods or deciding whether to produce baked goods on-site or use a separate location. From there, you[…]

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The Difference Between Markup & Margin

Markup and Margin. They’re two very similar business terms, and they are intertwined in the business world. They both use revenue and cost as part of their calculation. Knowing how markup and margin complement one another, as well as the differences between the two, are crucial to running a successful[…]

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SKUs vs. UPCs

Ask many people what the difference is between a UPC code and a SKU identifier and they may answer that they’re the same thing. Ask why they’re important to small to-mid-sized businesses and you may get a shrug of the shoulders. After all, isn’t selling products and keeping hot items[…]

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How Businesses Can Benefit from Offering Parcel Pick Up and Drop Off (PUDO) Services

The huge shift to consumer online shopping from traditional in-store purchases is exploding and will only expand. More and more people switched to online shopping due to the pandemic and have grown to rely on its convenience, competitive pricing and quick delivery. The statistics are astounding. According to bigcommerce.com, online[…]

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Small Business Accounting Tips

Accounting is a crucial part of running a successful, independently owned, small to mid-sized business. A merchant opening a business may be great at sales and promotions but not so good at crunching numbers and accounting. Business owners must absolutely be schooled in how to accurately and thoroughly reconcile sales[…]

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