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Software Advice Survey: Sixty-Eight Percent of Small Business Retailers See Above Average Shrink Due to Theft
According to Software Advice, shrink, by way of theft, is a growing problem among small to midsize retailers. The company recently shared findings from a survey of retail business representatives, which included the statistic that 68 percent of SMB retailers are experiencing shrink rates above the industry standard of 1.5 percent. The increase, the company says, is attributed to external theft, such as shoplifting, organized retail crime, and fraudulent returns. This is a challenge for businesses with smaller margins and less sophisticated loss prevention strategies.Read More
Employers Chase Creativity in Offering New Benefits and Perks
As the job market becomes more competitive for employers, it is becoming a game of one-upmanship as they try to outdo one another in offering unique benefits and perks to attract job seekers. Employers are finding it increasingly difficult to attract and retain employees. It’s no longer enough to offer the traditional array of benefits-i.e., a 401(k) plan, health insurance, vacation pay, paid sick days, etc. To attract and retain top talent, employers must now stack the deck with more creative perks and benefits for today’s more discerning job seekers.Read More
Data Analytics and How It Can Help Your Business
It is not necessary to have an in-depth understanding of data analytics in order to gain value from them. Simply put, analytics is like having a detective available to help you put together a set of clues to reach conclusions. The clues come from the data that you would naturally gather while doing business. Using the data from your business for decision-making helps lessen risk and improve your outcomes. The major areas where most people commonly benefit from analytics are:
Improved Decision Making; Customer Satisfaction and Marketing; Operational Efficiency; and Predictive Analytics
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On Demand Learning.
A knowledge base with a wealth of information for your small business.
Tips on running a business with a range of small business topics.Read More
A collection of finance-related articles that lend insight to the management of a small business.Read More
SALES AND MARKETING
Read advice on ways to market and increase sales for your small business.Read More
Articles that give you practical suggestions on security and protecting your small business.Read More
Industry solutions helps small business owners excel in their respective industry.Read More