CEO, National Retail Solutions (NRS) . NRS POS, NRS DIGITAL MEDIA, NRS PAY, NRS FUNDING and NRS PETRO: Helping independent retailers succeed. getty Every business owner understands that to see their company grow and thrive, they must manage every aspect of it, and hindsight is 20/20. The same is true when planning your budget. In my experience as a founder and CEO, most business owners analyze the past year’s spending to plan ahead for the new year. They can examine and assess the past year’s sales and inventory statistics, supply chain challenges and marketing campaigns. Owners can also look at which inventory items sold the best, which stock supplies ran short, which issues came up in the store that required spending money to fix, and whether there were expenses that might need to be considered recurring for the upcoming year. If you pushed off upgrades or renovation projects from the prior year, you might need to include these in the following year’s budget as well. Here are my tips on preparing for and navigating some of these costs as you plan your budget. Staying Ahead Of Supply Chain Issues After decades of business owners being able to rely on […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
