When we see huge signs that read ‘Going Out of Business’ or ‘Everything Must Go’ — we may feel some compassion for the store employees who are about to lose their jobs. But on the other hand, we bargain hunters may feel some excitement at the prospect of scoring a deal. In the past couple
If you’re a business owner, life can throw curveballs that are out of our control. Layoffs, unexpected office expenses or a sharp economic downturn can take a toll on our finances. Many business owners will take out loans to handle these surprises. But what happens when you’ve gone too deep and cannot afford to maintain
Just about everyone knows about supply and demand. Supply is what some people have, and demand is what other people want. It’s simple and easy to understand. But, let’s just say for the sake of argument that there are a few more nuances and particulars to cover to get a better vision the big picture.
There’s a lot to consider when storing products and organizing your warehouse. An efficient and productive warehouse is key, and the setup and requirements of warehouses will continuously change as the company continues to grow and expand its operations. As such, every store operator should be actively looking for ways to utilize its warehouse space.
A business that depends on the operation of its forklifts knows that service and preventative maintenance are essential to keeping these machines in top condition. When a company keeps their machines well-maintained, they can provide a business with many years of safe and reliable operation. Compromising when it comes to preventative maintenance for forklifts never
Sales is an important skill. However, what you sell and where your product is sourced makes all the difference. A number of factors affect this decision, including demographics, competitors and manufacturers. A number of questions are there to ponder before zeroing in on a product and the product sourcing. Once done with the “what” factor,
Be it a startup or an established business, when introducing a new product, the most difficult decision is the product-sourcing option to go with. The manufacturer can be a friend, or you may start an in-house manufacturing department. You can also enter into partnership with another business. So once you have your problem – solution
Traditional liquidation sales means you want to get rid of your stuff — fast. This is especially true for online auctions where you can make money by flipping liquidated goods. What is wholesale liquidation? Big box retailers buy goods in bulk. However, not all of it is sold. To sell these goods, giants like Walmart
Buying or selling a home is always a big decision. Although it’s exciting, the last thing you want to do is lose money unnecessarily. Factors that influence value include the size of the home, location, amenities as well as its liquidity. Home prices in Canada have continued to rise, however, there are the serious issues
Sourcing goods from across seas is a lucrative idea, especially when you have a budding business which is already growing faster than expected. However, there are a number of things that come into play when dealing with overseas transactions; import and export laws, legal implications, quality, feasibility are just a few of them. Here are