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Simple ways to save energy and money at your business
Sam Radbil Facilities & GroundsEvery month, you face a multitude of bills. These expenses will inevitably take a toll on business owners. For most of those providers — your grocery store that sells office snacks, your lenders, your phone and internet company — you can shop around. But when it comes to utilities and the cost of keeping your office building or your home office up and running, there are no coupons or sales that can help you.
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Pay your staff what they’re worth
Anne Rose Business Management, Services & Risk ManagementHow do you calculate what to pay your staff? Anticipated revenues? Operating costs? What the market will bear? Why not pay your staff what you think their job is worth? How much does the success of your business depend on the successful functioning of this person? When you take advantage of someone and pay them the minimum expected or legally allowed, regardless of their value, guess what? You’ll get the minimum expected work out of that employee in reciprocity as retribution.
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5 tips for client retention during the summer months at your spa
Elizabeth Donat RetailIf you've been in the spa industry for a while, you may have noticed that your schedule can get a bit quiet during the summer months. One of the biggest obstacles, however, is that clients may also get sun exposure, which can prevent them from getting some treatments altogether. All in all, the summer can be a tricky time for keeping your books as filled as other parts of the year. If you are having trouble keeping your clients coming into your spa for treatments during the summer months, then read my expert tips.
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NYSCC Suppliers Day showcases latest in cosmetic technology
Cherie Buziak RetailNew product concepts, technologies and innovations were shown off May 15-16 at the New York Society of Cosmetic Chemists' (NYSCC) Suppliers Day held at the Javits Center in Manhattan. This two-day event featured beauty industry suppliers of raw materials, ingredients, and cutting-edge technology. Here are three noteworthy technologies to keep your eye on as new personal care products come to market.
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Choose art carefully for use in retail design
Michael J. Berens Interior Design, Furnishings & FixturesArt has the power to compel us to stop and observe. It also can tap deep-seated emotions, associations and aspirations, making us feel as though the artwork is speaking directly to us. Those persuasive qualities make art a prime vehicle for retail branding, marketing and design. Because our response to a given work of art is so personal, however, the choice of which art to use is crucial to a brand’s and product’s success. This has led industry researchers to investigate which types of art are most effective, and why.
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Negotiating commercial leases: Anticipate your lease agreement
Dale Willerton and Jeff Grandfield RetailFor many commercial tenants, negotiating a good lease or lease renewal against an experienced agent or landlord can be a challenge. While an entrepreneur focuses on marketing and managing, savvy real estate agents and brokers are specialized salespeople. Their job is to sell tenants on leasing their location at the highest possible rental rate. Whether you are leasing a new location for the first time or negotiating a lease renewal for your business, here are two money-saving tips.
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Machines are replacing humans at work, but can it be an opportunity?
Linchi Kwok Travel, Hospitality & Event ManagementWelcome to the era when machines begin replacing humans at work. In restaurants and hotels, machines or robots are already capable of performing many service jobs. Likewise, travelers can now make reservations for their hotel stays online, perform self-check-in on a mobile app or in a kiosk at a hotel, enter the hotel room with their mobile app, place orders for service deliveries, and check out on a mobile app or the TV in the guest room.
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Female food and beverage entrepreneurs bring unique products to market
Bambi Majumdar Food & BeverageWomen-led food and beverage companies are changing the way we think about the industry. Women are go-getters, they are focused and they are generally more empathetic than their male counterparts. It is no surprise to see that the leading and emerging women-led businesses in this sector have a similar goal in mind — promoting wellness and health. From fighting disease to creating healthy post-workout snacks and more nutritious lunches for school children, they are shaping a healthier future for all.
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How to handle a hot-headed client at the spa
Elizabeth Donat RetailIf you own or manage a salon or spa, then you know that some customers can be hard to handle. Whether it's a scheduling mix-up, a miscommunication or a disappointing service, sometimes clients can be extremely unhappy and want you to know about it. If you find yourself in a situation with an unhappy customer in your spa, then remember my expert tips below.
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Negotiating commercial leases: Negotiate for free perks
Dale Willerton and Jeff Grandfield RetailFor many commercial tenants, negotiating a good lease or lease renewal against an experienced agent or landlord can be a challenge. While an entrepreneur focuses on marketing and managing, savvy real estate agents and brokers are specialized salespeople. Their job is to sell tenants on leasing their location at the highest possible rental rate. Whether you are leasing a new location for the first time or negotiating a lease renewal for your business, here are two money-saving tips.
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