How to Spring clean (and streamline) your small business for 2023.
The tradition of spring cleaning is an old and virtuous one. Nothing feels better than clearing out what you don’t need and making the most of the prized possessions that remain. Believe it or not, the spring cleaning metaphor can also be applied to improving and enhancing your business.
Take stock of your resources.
Any good project begins with a careful examination of the equipment, products, and expertise you already have on hand. In your case, that means reviewing your inventory, physical location, and the hardware and software that you use every day to run and market your business. Take a good look at everything from your product selection to your point of sale system to ensure that they are updated and relevant to your company’s present and future. Any useless relics of the past should be updated, donated, or discarded.
Inspect your stock.
The merchandise you sell should gel seamlessly with your brand identity and match what your customers want. Take this opportunity to harness the power of analytics to learn what has sold well and to whom. Also pay attention to products that may have out-lasted their appeal so that you can remove them from your offerings.
The inventory management software that comes included with your point of sale system will be indispensable as you perform this task. That’s because it is designed to use the customer and product databases you have built to generate reports that will provide you with invaluable insights into a wide array of metrics. Armed with this information, you will have everything you need to craft your next curated marketing campaign.
Conduct an internal security audit.
Furnishing customers with cutting-edge products is only half of the equation for success. When people wave or tap their card or wearable device with your mobile credit card reader, they should have every reason to believe that their information is safe from hackers and other kinds of fraudsters and identity thieves. That’s why your business spruce-up also needs to involve a thorough examination of your security protocols.
This self-audit must include all aspects of your business. Areas of particular interest should include the following.
- Training staff to implement an environment of universal security awareness.
- Updating software and ensuring that there is a mechanism in place to regularly check for and install patches and upgrades.
- Looking into your password and user authentication procedures. Passwords should be strong and changed regularly. Don’t assume that staff members will remember to modify these on their own; set up your systems to require them to follow the rules.
- Making sure that you and any third-party vendors you partner with are in compliance with industry regulations and guidelines, including the Payment Card Industry Data Security Standard (PCI DSS). This set of measures was written and implemented by the financial industry to safeguard the cardholder data that is your business’s bread and butter.
Tune up your website.
Your home page is often the first interaction that potential new customers have with your company, and it is what regular buyers return to again and again. It is just as important to keep it current and appealing as it is to maintain a physical store.
Take some time to look at every part of your site. Remove dated or irrelevant photos or content, replacing them with current images and articles. Analyze your download speeds and navigability to be sure that users can access and move around well on your pages regardless of whether they are using a desktop, laptop, smartphone, or tablet. If necessary, update vital details such as business hours and address.
Review your finances.
Now that the first quarter has come to an end, it’s time to bite the bullet and look at how your business is doing. Being proactive about this task will enable you to spot budding problems before they become immense. The good news is that your POS solution is equipped to integrate seamlessly with your third-party bookkeeping software, integrating inventory with accounting with very little extra effort on your part.
Clean your office.
This is the only actual “cleaning” that we’re recommending, but it’s crucial. That’s because taking action to create and maintain a clean and clutter-free office space is a proven way to improve your performance and overall attitude. A happy boss and business owner leads to positive employees and satisfied customers, so don’t put this suggestion on the back burner. Before you leave each evening, be sure that your work area reflects a mood of clarity and productivity.
Of course, you don’t need it to be spring to enact these strategies. In fact, implementing and maintaining them year-round will help you to ensure that the extraneous never takes over. That way, you will always be ready to be flexible and innovative in every aspect of the running of your retail operation.
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3-in-1 Reader | Terminal | Keypad | PINPad Pro | Flex | POS+ | |
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Payment types | ||||||
EMV chip card payments (dip) | ||||||
Contactless payments (tap) | ||||||
Magstripe payments (swipe) | ||||||
PIN debit + EBT | ||||||
Device features | ||||||
Built-in barcode scanner | ||||||
Built-in receipt printer | ||||||
Customer-facing second screen | ||||||
External pinpad | ||||||
Wireless use | ||||||
Network | ||||||
Ethernet connectivity | With dock | |||||
Wifi connectivity | ||||||
4G connectivity | ||||||
Pricing | ||||||
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