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5 Ways To Maximize Retail Business Financing

Retail Minded

One of the biggest challenges that you’ll face is related to finances. Many retail businesses are able to operate seamlessly with sufficient financing. If you’re not eligible for a bank loan or don’t want to take one, alternative financing options are available, such as asset-based lending. . Buy In Bulk. Lower Your Expenses.

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How to Write a Simple Small Business Plan

Independent Retailer

The business plan provides a blueprint that guides a company from a startup phase to a thriving business,” Rohit Arora, CEO of Biz2Credit and one of the nation’s leading experts in small business finance, said. Research Your Market. If they did marketing first, then 80 percent of your business plan is already done.” .

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10 Ways to Reshape and Refresh Your Product Portfolio

Retail TouchPoints

Closely assess your business and product portfolio’s needs according to the wishes and demands of your target market, then de-complicate your portfolio accordingly. Whichever new collections or product lines you add to your business, be sure you’ve considered your target market and acted in line with their interests and desires first.

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When is the right time to scale? Three indications you might be ready

Inside Retail

If you’re consistently selling out of products, struggling to keep up with customer demand, or being approached by domestic and international retailers about stocking your product, now is the time to look at upgrading your systems and processes to keep up with demand. When business growth is slowing down .

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How to Start a Car Rental Business

Small Biz Trends

As part of your market research, look at other car rental companies and note the aspects of those operations that you think fit what you plan to do. Determine Your Target Market. Before you start your new business, brainstorm on what you believe will be your target market. Sort Out Your Business Finances.

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Lance Neill joins Rite Aid’s Elixir as COO

Mass Relators

Lance brings substantial experience in pharmacy network development and contracting, specialty pharmacy, finance, analytics and operational oversight to his new role. At Elixir, he will oversee the unit’s core operational functions, including Elixir Insurance.

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10 Smoothie Shop and Juice Bar Franchise Opportunities

Small Biz Trends

This includes training, marketing materials, and operational support. Financing Assistance: Many franchisors offer financing assistance to help you get your business up and running. You must have a net worth of at least $300,000 and liquid capital of at least $100,000. Your credit score must also be 700 or higher.

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