Before Profitability: How Long Until You Run Out of Money

With a good understanding of your costs, margins, and sales, you can calculate exactly how long you’ll be able to stay in business. More importantly, you can use those figures to make informed decisions so you can survive longer, and get a plan in place for achieving profitability. Defining Profitability First, let’s define profitable. At …

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Using a PayPal Account In Store: Cards and the PayPal App

A few years back, PayPal reached deals with Visa, Mastercard, and First Data (now Fiserv) that enabled easier payments offline using PayPal. Those agreements came as Apple Pay began ramping up its use in online transactions, PayPal’s bread and butter, so it’s no surprise the company began taking in-store payments more seriously. Let’s take a …

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National Association of Retail Buyers and Sellers Review

This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: National Association of Retail Buyers & Sellers Industry/Specialty: Retail Number of members: Unknown Website: http://www.narbuyers.org/ How does this group work? NARB bills itself as a community of retail professionals who share insights and ideas. Once you join, you get access …

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Royal Buying Group Review

This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: Royal Buying Group Industry/Specialty (if applicable): Independent Convenience Store Retailers Number of members: 6,000+ Website: http://www.royalbuying.com How does this group work? Like most group purchasing organizations, RBG negotiates rebates and discounts on behalf of its members. As a member, your …

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HTSA Group Purchasing Organization Review

This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: HTSA Industry/Specialty (if applicable): Consumer Electronics Number of members: 65 Website: http://www.htsa.com/ How does this group work? There isn’t any information on HTSA’s website about how members of the buying group make purchases (whether they buy directly from vendors or …

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The Veterinary Cooperative (TVC) Review

This review is part of our directory of buying groups/group purchasing organizations.  Buying Group Name: The Veterinary Cooperative Industry/Specialty (if applicable): Veterinary Medicine Number of members: 1,000+ independent clinics Website: https://www.theveterinarycooperative.coop/ How does this group work? You can continue using your current suppliers, or you can use the ones TVC has identified. TVC doesn’t distribute …

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