Since the arrival of the first vending machine in 1888, the industry for grab-and-go products has expanded dramatically. In the UK, the vending machine market has become a lucrative business opportunity for entrepreneurs looking to start a profitable small business or a rewarding side gig. Given the vast competition in the space, making an entrance…
Embracing card payment machines is crucial for businesses engaging in face-to-face transactions. According to the British Retail Consortium, around 90% of retail spending is done through debit or credit cards. This growing preference for cashless payments, be it through cards or contactless methods, reflects the shift towards a cashless society in the UK. This has…
A comprehensive survey conducted by Mastercard with 10,000 participants from European family-run and non-family-run small and micro businesses provides valuable insights into the challenges these enterprises face in their modernisation journey, encompassing cash flow management, digitalisation, cybersecurity and family dynamics. This research targeted individuals working in family-run SMEs and non-family-run SMEs across diverse European markets. …
Whether you are a budding entrepreneur who wants to open a restaurant or you already have a restaurant that you’d like to turn into a more modern and convenient place for your patrons, accepting payments is a critical aspect of creating the ideal experience for your customers. If you haven’t given it much thought yet,…
Whether you call it a nightclub, a dive bar, a sports bar or pub, a wine bar, or a cocktail bar, the principles behind it are quite similar. Essentially, this business primarily serves drinks as its main source of income, and it requires a lot of prior preparation before you get started. One of these…
It’s not a secret that due to the Covid-19 pandemic and the rise of online shopping, there has been a growing demand for payment flexibility. To remain competitive in the market and increase customer loyalty, companies need to provide various online payment options. And while many think this process can be challenging for small and…
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…
In 2019 alone, there were nearly 50,000 bars and pubs across the UK. With this in mind, you may think you have a lot of competition. But with the right game plan in place, you can succeed and compete effectively while bringing your unique bar concept to the public. If you are wondering about the…
As the economy continues to evolve, more and more consumers are relying on credit and debit cards as their primary mode of payment and in a lot of cases, are not using cash as a payment method anymore. For businesses, accepting these payment methods can be highly beneficial, as studies have shown that companies that…
As the world of payments continues to evolve, the use of Chip and PIN machines and contactless payments is witnessing a significant increase. With the increasing preference for convenient and secure transactions, businesses across various industries recognize the importance of having chip and PIN machines in their stores and businesses, both for themselves and their…
Accepting credit or debit card payments from clients for goods or services is known as credit card processing. From the moment a consumer swipes their card until the money is transferred into the merchant’s bank account, there are several processes involved. The procedure begins when clients swipe or insert their credit card to present the…
Running a successful restaurant is very much like an orchestra performance. Every element in the restaurant from the staff to the tables and even the smallest element such as the positioning of the cutlery needs to be in perfect place before the Friday night crowd arrives. As an aspiring entrepreneur, perhaps with some time to…
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…
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…
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…
