How to Reinvest Profits Back into Your Brick-and-Mortar Business Posted on September 7, 2021November 11, 2022 By Leigh Langston Running a business teaches you all about adaptation. Learning to reinvest profits intelligently is no simple process, but if you learn how to put it back into your brick-and-mortar store, the success of your business will be exponential. Of course, make sure to have a plan on where to invest in your brick-and-mortar business and adapt to the results, especially when it comes to these three areas! Upgrade Your Technology Technology plays an essential role in every business, even those that are primarily in physical locations. By updating your technology, you can help your business to run more smoothly and make your operations easier to manage. One great technological upgrade to make is your POS system. Having a newer and better point of sale system will make things more convenient for you, your employees, and your customers. It can even help you set up customer rewards and programs more easily. With its data storing power and overall efficiency, you will have more time to focus on other important parts of running your business. Make Physical Improvements When you’re running your business at a brick-and-mortar location, it is also important that the space itself always looks on-brand. This means making timeless updates that don’t require too much upkeep to continue looking great. Good interiors should also function well and if possible, perform multiple functions. For example, you can help your concrete floors maintain heat by painting them with epoxy. Updating your walls and furniture as well can help to create a better feel and cultivate a productive space. Update Your Heating and Cooling It may not sound like a glamorous update, but taking care of your HVAC system can seriously improve the day-to-day operations of your business. Working in an office or store that is too hot or cold or even just circulates unhealthy air isn’t good for you or for the future of your business. Sometimes it can affect and even ruin products as well. With some key changes to your HVAC system, you can make work more comfortable and improve the energy efficiency of your office, which will help you to save money long-term and increase your profits. Learning to reinvest profits into your brick-and-mortar store is a great opportunity that will help you to build your business for the future. Invest carefully so your space will be both more comfortable and more functional. Investing back into your business will help it prepare for future growth. Read this next: How You Can Avoid Legal Problems When Doing Business Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Related News brick and mortarheating and coolingreinvesting profitsupgrading technology
Black History Month Forgotten American History: Black Wall Street Posted on February 14, 2019February 29, 2024 by Lia World Traveler By now most of us should have heard about the history of “Black Wall Street”, yet it never ceases to amaze me that so many of us don’t know about this important period of American history. Truth be told I wasn’t aware of it until I… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More
News 10 Ways to Make Your Brand Stand Out When You Have a Ton of Competition Posted on December 21, 2021January 3, 2024 In today’s competitive markets, your brand needs to really stand out. You can’t blend in with the crowd and expect to be successful. Find some way to differentiate your brand from the competition, and let it be seen! Here are some ways to pull ahead of the curve. Create a… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More
News What Prepared Business Owners Have to Protect Their Business Posted on February 10, 2022April 11, 2022 If you want your business to be successful over time, you have to be prepared so you can protect your business from any issues that may come up. You can follow the example of other prepared business owners to make sure that you have covered your bases and that your… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More