Business Models

What Is the Pareto Principle (80/20 Rule) in Business

Tools to Track and Measure Financial Goals

In business, identifying where the positive and negative results stem from is vital for making data-driven decisions. This could be applied to any area, from operations to sales.  For example, organic search may not be a top-priority marketing channel for a brand, but at the same time, it could be generating the majority of online…

Types of Business Models (and How to Choose One)

Types of Business Models (and How to Choose One)

No matter whether you’re the business owner of an existing company or are planning to launch your first business, there’s one thing that you won’t be able to succeed without – a business model.  In short, a business model represents a framework outlining how a company creates, delivers, and captures value. However, there’s much more to it. Having…

Optimising event planning: Sean Paul’s concert with myPOS

Sean Paul concert

Dancehall sensation Sean Paul recently captivated a crowd of over 15,000 fans at Cinecittà World in Italy. Тhe concert was staged by Luxury Events and Undermoon, who share their experience how to organise a remarkable event and reduce costs through cashless payment options. The challenges of planning an event Venue choice and logistics Choosing the…

How to write a business plan for a bar

People working on a business plan for a bar

Running your own bar, pub, tavern, tap house or whatever name you give it, is an exciting way to start your own business, escape the nine-to-five grind and reap the rewards of your own unique ideas, drive, determination, and of course, the profits you can make.  However, starting a bar or a pub is not…

Creating a retail business plan

creating a business plan for retail store in the UK

As much as e-commerce has really picked up over the past couple of years, there still remains a great demand for physical brick-and-mortar stores in our communities. These stores give customers the opportunity to see, feel and touch products, try them and generally have a comparatively more “real” shopping experience that’s got the human touch….

How to Create a Business Plan in 10 Simple Steps

What is a business plan and how to make one?

Starting your own business can be a truly exciting time of your life, but it does not come without challenges, or at the very least, prior preparation.  One part of such preparation is the creation of a business plan – or the strategic document that will provide a roadmap to your business creation, development, and…