Spotlight on Business

SPOTLIGHT ON BUSINESS

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Operating a Family Business Can be Rewarding and Challenging

August 26, 2025
Working together in the family business has its ups and downs. While it can be rewarding and beneficial on many levels, the family dynamic brings unique challenges. Even before putting family in the mix, businesses can have serious conflicts that require the owner's immediate attention. When dealing with family members, it's critical to identify areas where the lines may get blurred between the family and business organizations

Focus on What Matters in Downturns

August 26, 2025
“Hope for the best and be prepared for the worst.” Volatility and economic turbulence are never comfortable conditions for any business. Small and medium-sized operations are especially vulnerable since rising costs, tariffs, and fears of recession can be harmful on multiple levels. The same is true for consumers. When consumers feel pessimistic about the economy, they cut back on spending and ramp up their savings. Purchasing non-essential goods and completing large projects are typically postponed.
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Creating Harmony and Sales with In-store Music

August 26, 2025
What’s your favorite song? Music plays a vital role in creating harmonious in-store experiences. Store owners who decide not to get on board may consider music to be little more than background noise that serves no real purpose. However, the right combination of genres and songs can establish an emotional connection with shoppers and affect their purchasing decisions. Retailing in the digital age requires quickly getting customers’ attention and keeping them engaged as they shop.

Refresh Your Store Now to Harvest Fall Sales

August 25, 2025
There’s plenty of work to do to get your physical store ready for the Fall season. Changing the signage is only a small part of what needs to happen to create a welcoming environment. The point is to be intentional in developing a comprehensive plan that focuses on visual merchandising, layout optimization, inventory management, and promotions. Keep in mind that customers want to shop in a clean, well-organized store where merchandise is easily located and can be purchased without hassle.

What the Big Beautiful Bill Means for Your Small Business

August 19, 2025
To prepare your business for the upcoming changes resulting from the BBB, consult a tax professional. The person will help you understand how to fully utilize the tax benefits and make any adjustments to your existing strategy. Try different scenarios to determine the one that works best for your company

Launch a Plan Now to Rake Up Hefty Fall Sales

July 2, 2025
Fall is a busy season for hardware stores. Store owners should develop a comprehensive strategy that considers inventory, visual merchandising, promotions, events, and the overall customer experience. It's essential to get the plans and execution right.

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