As a convenience store owner, you know profitability is key to a successful business. But how do you make a convenience store more profitable? People see convenience stores as one-stop shops. You’re usually open late, if not 24 hours a day...
Small business owners keep things simple — maybe you’re a one-person show, or manage a 20-person team of stellar employees. And if you’ve been using a traditional cash register to run your retail business, it might be difficult to understand the i...
Marketing a small grocery store can be a challenge. You are competing against larger stores with more resources and need to find ways to get your name out without breaking the bank. Technology is fast becoming a necessity for groce...
When running a successful grocery store, inventory management is vital. Gone are the days of manual inventory management. With today’s modern consumer in mind, inventory management is a different ball game. It’s more than a storefront – yo...
A key part of success in any business? Planning ahead. When opening a tobacco store, planning ahead means pursuing a tobacco license. You can’t sell cigarettes or tobacco products in most states without a license – so before you start sett...
Profit margin. Do those two words make you break out in a sweat? You might have read that grocery stores and supermarkets have some of the lowest profit margins – and it’s tr...
So you want to sell tobacco? You’re in good company. Although smoking has declined in the last decade, a new generation of consumers needs somewhere to get their traditional and next-generation tobacco ...
Is your attention pulled in multiple directions daily? If you answered yes, you’re likely a grocery store owner wearing 17 hats. You have much to consider, from hiring and ...
Now is the time to open a smoke shop. Bold claim? Perhaps. But the United States tobacco market continues to grow year over year. Estimated at $75 billion in 2021, it's predicted to reach $78.3 billion in 2022. People are buying cigarettes...
American businessman and Camping World CEO Marcus Lemonis once said, “If you don’t know your numbers, you don’t know your business.” For convenience store owners, one of the most important numbers you need to know is your profit m...