by PawnMaster | Jul 12, 2017 | Business, Business Success, Helpful Hints, In The News, Industry, Small Business
1. Audit your safe and firearms every month. Theft is an unfortunate reality in our business. Lots of cash, jewelry and firearms creates lots of theft opportunities. Create a regular but random schedule to verify jewelry loans/layaways (you should open a few envelopes...
by PawnMaster | Jul 10, 2017 | BE ON THE LOOKOUT, Business, Business Success, Did You Know, Helpful Hints, Industry, Small Business
1. Manager’s circle. An imaginary circle, usually in front of the counter where the manager stands. This way he/she can greet each customer and then discover the true intent of their visit. The manager acts as a facilitator for transactions, comedian, entertainer,...
by PawnMaster | Jul 5, 2017 | Business, Business Success, Helpful Hints, Industry, Pawn Shop, Small Business
1. All TV’s on the sales floor are turned on. Two factors sell nearly all TV’s… Price and picture. There is virtually no chance a TV that isn’t on will generate much interest from customers. Older TV’s may sometimes have a great picture and, hopefully, be affordable...
by PawnMaster | Jun 30, 2017 | Business, ecommerce, In The News, Industry, News, Online economy
The term Total Cost of Ownership (TCO) is a big part of the software industry. Whether the pricing model is Software as a Service (SaaS) or annual maintenance-based, many operators don’t put nearly enough effort to understanding what they’re really paying for their...
by PawnMaster | Jun 27, 2017 | Business, Business News, Business Success, Emergency Funds
It makes shrewd business sense to build an emergency fund, cash put aside for a rainy day. Businesses that fail to have a ‘safety net’, a sum of money kept aside to pay for unexpected expenses, can find themselves in a whole host of trouble. When working on a tight...
by PawnMaster | Jun 26, 2017 | Business, In The News, Sales Tax, Small Business, Tax Mandate
A new bill that is favored by Overstock.com would prevent states from requiring out-of-state sellers to collect sales tax for transactions involving their states’ shoppers. Congressman Jim Sensenbrenner introduced the No Regulation Without Representation Act of 2017...
