With technology transforming everything from communication to shopping, how customers pay is just as important as what they buy. According to the Canadian Payment Methods and Trends Report 2024, consumers have made it clear that when it comes to payments: convenience, efficiency, and security are an expected part of the shopping experience. For small business…
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In today’s digital landscape, small businesses are increasingly vulnerable to cyber threats. Cyber criminals often view smaller businesses as easy targets, assuming they lack the resources to implement robust security measures. A single cyber security breach can lead to stolen sensitive data, ransomware attacks, or restricted access to your social media accounts. Beyond financial losses…
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A point of sale system is the central hub of your business operations and is essential to the success of any retail store. For small business owners, the valuable data from POS transactions not only streamlines store operations but also informs key income-generating decisions. When the signs point to the need for a new POS…
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Choosing the right Point of Sale (POS) system is crucial for the smooth operation of your business. While features and pricing often take center stage in decision-making, one critical aspect that frequently gets overlooked is technical support services. In Gartner Digital Markets 2024 Tech Trends Survey, 31% of retailers who regret a software purchase say…
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Accepting credit and debit cards has become an indispensable aspect of modern business operations, offering the convenience that customers expect in today’s fast-paced world. According to the Canadian Payment Methods and Trends Report 2023, credit and debit cards remain the preferred choice of payment, surpassing cash, cheques, and online transfers. The seamless nature of card…
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Is your small business part of the 43% that don’t track inventory, or do so manually? As one of the biggest costs in retail, stocking the optimal amount of inventory can shape the trajectory of any small business. Inventory distortions such as shrinkage, stockouts, and overstocks cost US businesses $580 million. The value that inventory…
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In the fast-paced world of retail, staying ahead requires smart business decisions. If you find yourself grappling with challenges in your current point of sale (POS) and payments provider, it might be time for a strategic change. Innovative retail technology with ongoing updates has become an essential tool that can provide you with a competitive…
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As we step into a new year, small retail businesses are hard at work looking for ways to identify new opportunities for retail business growth in 2024. Armed with valuable insights from the previous year, many store owners use January to reflect on what worked well (and what didn’t) and lay the foundation to reach…
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The holiday season is the most wonderful time of the year for retailers. It’s a time when shoppers are ready to spend, and businesses have the opportunity to increase their revenue significantly. To get ready, start by creating a holiday season retail strategy that ensures your store is well-prepared and your team is equipped to…
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The minimart industry is more competitive than ever. Not only is the industry facing direct competition from other minimarts, but also from indirect competitors such as grocery stores, supermarkets, gas stations, and online stores that offer same-day delivery. At the start of each new year, experts weigh in on their predictions for the challenges and…
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