5 Benefits of Owning Your Small Business Property
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xendoo Team
Is it time to purchase the commercial property you’ve been leasing? If you’re a small business owner who currently rents office or retail space, you could be in a position to benefit from becoming an owner. Of course, the decision to own or rent will depend on a number of factors unique to your business, […]
7 Steps for Retailers to Reduce Inventory Shrinkage
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xendoo Team
Inevitably, somewhere between the manufacturer and the cash register, some of your merchandise disappears. Every retailer has this problem; in fact, it adds up to more than $42 billion in annual losses nationwide. The three biggest causes of shrinkage are administrative errors, employee theft, and customer theft. Here’s how to counteract them. 1. Use a […]
3 Great Cash Flow Ideas for Retailers
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xendoo Team
What do a used book store, garden nursery, and boutique clothing shop all have in common? No, this isn’t the set up to a joke. Unfortunately, all three types of businesses are at risk of failing if their cash flow isn’t in good shape. According to the Small Business Administration, “inadequate cash reserves” is a […]
Pricing Your Services: Don’t Sell Yourself Short
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xendoo Team
Does this sound like you? You offer great quality service, you have an excellent customer base, but you’re still making very little if any, profit. There could be many reasons for this, but one of the most frequent is that you’re not charging enough. Here’s how to stop undervaluing yourself and get the money you […]
Developing a Pricing Strategy for Professional Services
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xendoo Team
As a professional services provider, did you know that the way you price your services is actually part of your overall marketing strategy? Whether you’re an accountant, lawyer, or business coach — if you’re pricing your services without thinking it all the way through, you could be underselling or underachieving the goals you’ve set for […]
6 Ways to Cut Overhead Costs
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xendoo Team
Every business has to spend money in order to make money. Here’s how to keep those ongoing expenses from getting too high and impacting your bottom line. Take a fresh look at every single expense. Chances are, some of them have become a habit but can now be either eliminated or achieved in a more […]