Business Guide

How much does it cost to open a restaurant?

What are the costs of opening a restaurant

Starting a restaurant may be one of your major business aspirations, but you need to be well-prepared financially to get off to a good start. With this in mind comes the question of how much does it cost to open a restaurant in the UK. Although there is no single fixed amount that you will…

Opening a Restaurant

Opening a restaurant in the UK

Aspiring entrepreneurs with a passion for food and customer service have numerous options to choose from regarding opening a restaurant in the UK. With the world recovering from the onset of the Covid-19 pandemic where many restaurants and coffee shops had to close their doors, new opportunities are being presented for opening a restaurant that…

7 POS System Training Tips for a Productive Team

POS training for a new employee

Purchasing the first POS terminal is a big step for any small business. Not only is it an investment that merchants can only hope will prove worth it, but if used correctly, it can provide business owners with more flexibility, optimise daily work operations and guarantee a hassle-free checkout experience. Nowadays, more and more companies…

Types of retail businesses

retail store

The retail sector in the UK is going through some fluctuations on a month-on-month basis. Although there was an overall 0.4% drop in overall sales volumes for retail sales in November and a 2.8% drop for predominantly online retailers, the sector is still a major contributor to the economy. In fact, in November 2022, it…

Starting a retail business or how to open a shop

opening a retail store in the uk

Dating as far back as the 18th century, retail includes markets, department stores, specialty shops and more. Aspiring entrepreneurs who are considering opening a retail store will find the opportunity to be financially lucrative and also rewarding by being able to meet their community’s needs. Whether you’re thinking of boutique clothing, make-up and beauty, accessories,…

How to increase sales in retail

chart increase of sales in a retail store in the uk

Despite the massive shift to online shopping and online stores over the past few years, there remains an overwhelming number of shoppers who enjoy and prefer the physical in-store experience. Although many retailers have gone through challenges as a result of the Covid-19 pandemic, they remain relevant in the business landscape and will continue to…

An indispensable retail dictionary

retail dictionary

A brief definition of “retail” is the sale of physical products to members of the public. These products are generally purchased in small quantities and their main purpose is consumption as opposed to re-sale efforts. With retail being such a daily part of our lives, it’s also not a broadly well-known or understood subject. In…

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….

Complete guide to Dynamic Currency Conversion

What is Dynamic Currency Conversion (DCC)

With the ever-growing global economy, the need to facilitate international payments is becoming increasingly apparent.  A solution to this can be found in the face of Dynamic Currency Conversion (DCC). The service, which offers a fixed exchange rate and certainty on the final billing amount, undoubtedly has many advantages for businesses and customers alike.  But in…

EORI Number: What it is and How to Get One

What is EORI number

Nowadays, many foreign goods can be found at almost every corner market or even small local shop.  This is thanks to new systems and ways of transporting, exporting and importing, which have been developed. Such is the EORI number. Even if you are not a trader or own such a business, it is still good…

What is SEPA instant – Your guide to sending real-time payments

What are SEPA instant payments

With today’s increasingly digital economy, consumers and businesses alike have found themselves in need of fast and easy options for sending payments across borders. Although instant payment solutions have been around for a long time in many countries in Europe, they are limited to only domestic transfers or among the same payment service providers. However,…