As we find ourselves in the second month of 2018, we at COCARD would like to do a quick check in for any New Year’s resolutions you may have made this year, or things that you’d like to improve on for the upcoming year. From money management skills to planning, how have you been doing with these things since January 1st?
How do you manage the money that goes in and out of your business? Money is the lifeline that keeps your doors open, and your business running. Without it, you and your business will have a difficult time existing. Did you know that 82% of startups and small businesses fail because of a lack of cash flow, according to a study from U.S. Bank, a financial services company? So take stock of where your money is coming from, and if needed, take stock of tip #2, reviewing your rates.
It is one thing to charge one rate as you start, but another thing to keep the same rate as you’ve gained more experience and can prove the value that you bring to another business or company. So look at rates in your industry, and make sure that you are charging a rate that fits your experience and worth. Anything less would be criminal, and would hinder your ability to bring in the right amount of money for your business and livelihood. So do your research, and even write down the value that you’ve provided to customers. Then set new rates.
As a professional in your field, you should continue to learn. Learning doesn’t stop after you make a certain amount of money. It also doesn’t stop after you’ve reached a certain professional marker. To stay current and at the top of your game, you should read books, take courses, and attend events that will help you to keep developing your skills. In this way, your business will continue to evolve for the better, and can continue to compete in the marketplace.
If you come up against obstacles or questions, you should focus on the things that work for you. If something isn’t working, toss it aside, and continue moving forward. This method allows you to make room for something else in the future, something potentially much better than what you had before.
As the year progresses, it is important for us as business owners to take stock of the roads we are taking and how we will get there, to our destinations. For all of us, “there” often means profitability along with a strong bond with our customers.
What else have you taken stock of as a business owner since this year has started?
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I almost forgot, how could I forget??? It’s National Peanut Butter Day! Read the history of Peanut Butter because, just because!
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Have you got a favorite restaurant or maybe you are a chef and want to share your favorite recipe? Let’s talk about it, share because I want to know and others do too. I am into organic gardening, I have a garden and I love everything about it; the dirt in my toes, the fresh veggies in a basket, on the table and finally on a plate, I love it all! I recently found this blog with some great organic recipes check it out and please share your loves, your favorites a little bit of you. Nelda
This question was posed to me when I met with the owner of two Italian restaurants this past Friday. What is the difference in all of these systems now?
My response was “All of these systems, what do you mean?”
I learned first hand from a very savvy business owner that there are a lot of companies reaching out to him to offer him a POS System. I also learned that they were offering one single solution, be it a tablet or a traditional solution – and pushing what they offered hard.
None of the companies took the time to talk to this business owner about features, and features are what make the biggest difference.
These two restaurants needed reservation tracking, table clearing features, kitchen messaging, market price item setup, and much more. I learned this because I sat and asked to be taught about the business.
Twice this business owner has purchased solutions that were not a fit for his business.
I can tell you, that wont happen again. Now he will have a solution that does what his business needs, and nothing that it does not.
Would you like to talk about your business needs with me, and learn about the Restaurant Solutions my team has to offer?Read MoreRead More
It’s the best weekend of the year the @Decaturbookfestival and @Dragoncon. Back and forth, back and forth – #Marta
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I am crazy for Ted Talks, there is a talk for everything and everything can be a talk. Try this one and Go Take A Walk why don’t you?Read MoreRead More
What a great idea for leftover food! Check out this website especially if you own a restaurant or know someone who does. https://www.rescuingleftovercuisine.org/about
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It has been little more than one year since the liability shift began on October 1st, 2015, where merchants would be liable for fraudulent activity in their stores, as opposed to credit card companies. And since then, small and large businesses alike have made the switch to EMV. Here is a look at some of what the transition has been able to accomplish, along with some of the challenges we continue to work through:
The Main Accomplishment: The main goal was to take a bite out of fraud, and so far, the switch to chip-enabled cards is doing just that. Mastercard, for example, in a press release last month, noted a 54% decrease in fraud between April 2015 and April 2016.
We do have a few areas where we continue to work on improving, and they include:
Overall, we are making strides towards eliminating fraud in the United States, chiefly thanks to the merchants and consumers. We will continue to work on these items to ensure a better transition. To learn how COCARD can work with your company to ease the transition from stripe cards to chip-enabled cards, call us today at 1-800-317-1819.Read MoreRead More