The New Year is upon us and in the U.S. that means prepping for our income tax appointments or filings. I’m here to help retailers prepare for filing taxes. However, “taxes” can mean many things to many retailers, depending on where you business is located. So I’m here to share a variety of “tax” tips…
Savvy Shopkeeper serves a variety retail business owners – both online shop owners and those with brick and mortar locations. The topic of websites, e-commerce stores, and point of sale systems comes up OFTEN in our membership groups. Choosing a retail Point of Sale system can be hard! I get it. Unfortunately, some shop owners…
If you’re in your first few years as a brick and mortar store owner, you might be wondering what you’ll do with holiday-specific inventory that’s still in your store after December 25th. As a new retailer, making decisions around flipping inventory after the holidays can be challenging. I get it. When I started on my brick-and-mortar path,…
If you don’t know your numbers, you don’t know your business. I know math is not the favorite topic for many brick-and-mortar store owners. But tracking and monitoring metrics for brick and mortar store owners is SO important – especially if you want to grow. As retail business owners, there are quite a few metrics…
I keep hearing the question, “Who is Shopify Handshake for?”, so I’m here with a post to help answer that question! ONLINE WHOLESALE PLATFORMS Buying wholesale online has become so much easier since the Pandemic hit. Many retail store owners continue to travel to markets, like AmericasMart or Dallas or Las Vegas Mart to buy….
Are you familiar with the Retail Profit Pie? As a small business owner, it is extremely important to track how your money is being distributed. It’s even more important in retail because most likely 40-50% of the money you generate is being spent on goods, your cost of goods also known as COGS. That’s a…