The numbers can be overwhelming at times, but it’s important to keep an eye on them to help measure the financial health of your business. Below are five metrics you should know and use to better understand your operation. Average …
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Secrets of Selling Outdoor Power Equipment
To view a PDF of this story, click here. To learn how to sell outdoor power equipment in a small store, click here. Operating in High Gear To start the peak spring season, Roy Mason stocks 40 different models of …
Read More »Field Trip Inspires Future Builders
Getting more young people interested in a career in hardware retailing is critical to the future of the industry. And for Luke Wiesen, general manager at Millard Lumber’s Spring Hill, Kansas, location, it’s equally important to get students interested in …
Read More »Helping the Planet on Earth Day and Beyond
On April 22, people will celebrate Earth Day in unique ways, and independent home improvement stores are getting in on the action. Many businesses are hosting events or raising awareness around the holiday in other ways, but several stores have Earth care as part …
Read More »Thinking Ahead About Minimum Wage Increases
Minimum wage increases are phasing in around the country, and small businesses may hurt long term as a result. “Small and independent retailers and restaurants are likely to feel the biggest impact of rising minimums because they employ many low-wage hourly …
Read More »Avoiding Common Leadership Mistakes
All leaders have at least one thing in common – they’ve all made major mistakes somewhere along the way. Take it from Dave Ramsey, author, motivational speaker, TV personality and radio host. “We screwed up, that screw up brought us pain, …
Read More »Handling Collections Without Losing Customers
It’s a tricky balance. You want to extend a line of credit to your contractor and commercial customers, but you also need to get paid. When they’re slow to pay, how do you get your money without making your customer …
Read More »Alignable: Social Networking for Small Businesses
As a small business owner, you may be well acquainted with the owners of your neighboring businesses, but if you want to open more of a dialogue in your business community, a social networking site is here to help. It’s called Alignable. Alignable is a free …
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