Convenience store robberies have increased in recent years, with research showing that these crimes account for 6% of all reported robberies. But just why are convenience stores easy targets for robbery?
For any business, managing cash flow is imperative for efficiency and success. But how does a business ensure that its cash management is effective? Employing cash management automation practices can drastically improve how your business operates.
One of the largest expenses in retail or business is labor costs. These can add up quickly, often leading to increasing costs over time. Looking for ways to reduce labor costs can help reduce any added strain on your business’s bottom line.
The retail world is constantly evolving to include more shopping opportunities for consumers. Unfortunately, this means that there are more opportunities for retail loss.
Are you looking to grow your business? Cash is the most important asset a business has, and effective business cash management is key to avoiding revenue loss, maximizing profits, and growing your company.
Running a convenience store can be a lucrative and fulfilling business, but it's important to be aware of the ongoing operating expenses that come with it.
Late hours and large amounts of cash on hand make convenience stores especially high risk for crime, so it’s no wonder that convenience store owners and managers are focused on store security.
While there are many more industries with labor shortages other than just retail, the worker shortage has hit this industry the hardest. As retail is one of the biggest industries in the country, this isn’t exactly surprising.
According to The Federal Reserve, there is no longer a coin shortage in 2024 but coin circulation continues to pose challenges for consumers and businesses.
According to a study, 82% of small businesses fail because of cash flow problems. Understanding proper cash flow management, forecasting, best practices, and how to improve cash flow from operations can protect businesses from failure.
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