Money

Inventory forecasting is critical for the smooth operation of any stock-based business. Managing demand can be tricky, however, if a large part of your inventory is subject to seasonal demand.

Many businesses use trade discounts to simplify variable pricing, protect a market recognised price point, stimulate sales or reward customer loyalty.

What is cashflow management? In its simplest form, cashflow management is doing everything possible to ensure that money flows into your business as quickly as possible, and leaves the business as slowly as possible.

Forecasting is the process of estimating the effects trends, costs and external factors will have on your business in order to give yourself time to prepare.

There are many reasons why you may want to improve cash flow in your business. Maybe you’re looking to free up some cash to put towards growth, or maybe you’d like to build up your cash cushion to protect yourself from any bumps in the road.

Inventory management can be overwhelming. There can be an incredibly large amount of tangible inventory, which can translate to a huge amount of responsibility and pressure to manage this inventory properly.

With global recessions, increasing oil prices and increasing competition, saving money wherever possible and thereby maximising profits is the name of the game.

Choosing a pricing strategy is a difficult decision, but one that every business needs to make. Pricing strategy affects most aspects of a business, including its revenue, market share and profitability.

There are many factors to consider when you’re selecting an ecommerce platform, and when you first start selling online, it can be hard to find one that’s the right match.

The thing is, employee wellbeing and happiness isn’t just about nap rooms, onsite massages, and cafeterias serving healthy food and snacks (though that would be nice!)

Helpful and informative retail books abound everywhere you look these days.

You need to keep track of transactions for the tax office, lenders, but most importantly for yourself, as a business owner.

If you’re in business, making decent money is important. Sometimes, though, it doesn’t always work out the way you’d planned...

Even if a business has some other, high value, assets such as factory plant, inventory is likely to essential to the business’ ability to trade profitably.

Knowing what your payroll costs are – daily, weekly, monthly and yearly – is an important part of running a successful business.

Picture this: You’ve just about closed a sale, and the shopper made up their mind to buy a product. What do you do?

It doesn’t matter how large or small your store is, or how many of them you’ve got—if you’ve got a point of sale (POS), you’ll see big benefits in switching from a simple cash register to a full-featured, cloud-based POS platform.

When a visitor spends time browsing your online store or bricks-and-mortar outlet, they’re looking for something. And when they find it, they’ll be tempted to buy it.

Retailers have historically dominated the commerce landscape. Several years ago, industry trends and top products were set by the stores selling them.

Inaccurate information about your company’s expenditure can greatly inhibit your capacity to make and maintain a successful business.

Disease and infection are not the only things transmitted by sex – debt can be too.

Cashflow is the lifeblood of any small businesses - but what can you do when your customers won't pay you.

5 policy changes that could improve the retirement income of Australians

Just what are we talking about when we refer to ASIC's Registry?

When it comes to investing, one of the basic pieces of advice given to investors – large and small – is to ensure their portfolio is well diversified to help protect their investments against volatile markets.

You’ve got a little creative agency, and it’s doing quite well. You’ve landed a few high profile clients, and your reputation in the community is growing. You’re even in line for a couple of awards this year.