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Big Lots Files for Bankruptcy to Facilitate Sale

Retail TouchPoints

Bankruptcy Court for the District of Delaware in order to facilitate its sale to an affiliate of Nexus Capital Management. Nexus has agreed to acquire all of the retailer’s assets and ongoing business operations; financial details were not disclosed. Closeout retailer Big Lots has filed for Chapter 11 protection in the U.S.

Finance 245
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Four Money Management Strategies Every Small Business Retailer Needs to Know 

Retail Minded

Use these four money management strategies to nail this role! . Efficient money management is key to business success, and it’s how you stabilize your small business and make it less likely to fail. . Yes, your business can fail if you don’t learn how to efficiently manage its finances right away. Master Budgeting .

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What is a Cash Flow Statement?

Small Biz Trends

They’re an important way to manage finances. These financial statements break down into financing, investing, and operating activities. To Plan Repayment of Loans. For example, gross cash receipts include costs and expenses. To Manage A Crisis. Financing Activities. Operating Expenses.

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5 Tips for Making a Business Partnership in Retail Work

Retail Bound

In the retail industry, there are numerous responsibilities to manage, from inventory to marketing, and each partner should bring a unique strength to the table. One partner might be skilled in sourcing products and merchandising, while the other might excel in financial management or operations.

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Making Infrastructure Ready for the Future of Work

Cisco Retail

Many businesses are looking for alternative ways to pay, to mitigate timing and planning risks, as they rapidly adopt these technologies while navigating the return to the office. Flexible payment solutions can support customers on their journey.

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Your Ultimate Business Startup Checklist

Small Biz Trends

READ MORE: How to Write a Business Plan. Create a Business Plan. Your business plan should include your business goals, a market analysis, and how you intend to launch and grow the business. Determine Budgets and Financing. A financial plan should also include projections of future cash flows and financial statements.

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The Impact of Digital Signature Capture and Document Archiving

Storis

This reduction in business expenses can be significant, given the volume of associates in a showroom. Finally, digital systems streamline document management processes. Automated indexing and retrieval systems reduce the time and labor required to manage documents, leading to operational efficiencies and further cost savings.

Finance 52