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Without the right combination of financial and strategic resources in place, a poorly thought out expansion can easily stunt a growing business. Follow this guide to understand if your business is ready to open a second location and how to execute a successful expansion plan.

Stockout is when a business runs out of inventory for one or multiple products. When a stockout occurs, a business can’t sell or ship those products to customers. Stockouts’ most obvious negative impact is lost sales, but that’s not all.

The lifeblood of all small businesses that sell products is their inventory. With a strategic approach to inventory management, you can streamline stock tracking and management.

With multichannel selling, you take your business’s products and sell them on more than one platform, expanding your customer base and revenue potential. Learn more about multichannel retailing and ways to seamlessly integrate multichannel marketing into your business.

The process of identifying, marketing to, and driving sales through social media is known as “social selling.” In this article, you’ll learn all about social selling, how to develop this marketing strategy, and some best practices to properly attract the right customers.

How are consumers spending their money in 2023 and how have their shopping habits changed this year? Here are 17 retail industry trends and predictions to keep in mind that promote growth within your small business.