Category: small business

Combing Through the Company Module

Robert LockardSeptember 07, 2018Leave a Comment

Plan ahead for changes in consumer behavior to succeed in business, Fishbowl BlogThe Company module is where you go to manage information about your company, set up email addresses, assign the default carrier, and more.

Only an administrator can access the Company module. There are five tabs in this module: (more…)

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7 Problems of Small Scale Businesses

Rachel JacksonAugust 15, 2018Leave a Comment

Problem and solution Scrabble pieces, Fishbowl Inventory BlogMany small scale businesses have difficulty surviving because they’re working with limited resources and manpower. These obstacles prevent smaller businesses from reaching their highest potential. By addressing these common problems with a strategy or a backup plan, your small scale business will be less likely to stumble on its way to success. (more…)

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How to Build a Subscription-Based Business

Avery PhillipsJuly 04, 2018Leave a Comment

How to build a subscription-based business, Fishbowl BlogBacked-up inventory, debt not paying itself off, head in hands wondering what to do — it’s a common experience among many business owners. At the end of the day, it’s really the most common reason any business ends up failing — because income isn’t thought out or protected, according to The Hartford. However, some business owners are changing their way of doing things. A more reasonable way to start a business may be with a subscription-based model.

A subscription-based business model can save you money and eliminate risk. Now, it’s understandable if this sounds odd or deterring. After all, outside of something like Netflix, how many subscription models does the average person buy into or rely upon? Regardless of your lack of participation in such things, it may be a better idea than you think, and this is why. (more…)

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Posted In inventory management | small business
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3 Reasons Why You Need a Financial Advisor

Avery PhillipsApril 30, 2018Leave a Comment

Balanced inventory levels keep more money in your hands, Fishbowl Inventory BlogIt’s always a little bit of a gamble to know how much of a product you need in stock, as predicting what will sell is risky. If you find yourself wondering how much of a product will sell, how much to manufacture, and what risks regarding product production are manageable, then it may be wise to enlist a financial advisor to work with.

There are a lot of reasons a financial advisor may be smart to enlist, especially as someone concerned with inventory. Not only will they help you keep your finances in order, but they’ll help you make smart decisions related to how much you keep in stock and what price you sell your products at. They can help you work out budgets for product manufacturing, ordering, and stocking as well. Here are three reasons it may be good and beneficial for you to enlist a financial manager. (more…)

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How Fishbowl Helps Hardware Stores

Robert LockardNovember 08, 2017Leave a Comment

Work tools, Fishbowl Inventory BlogThe Business Journal recently published an article entitled “Local Hardware Stores Adapting to New Era of Competition.” It offers an intriguing look at the current position of hardware stores as they work to hold onto older customers while also educating and appealing to younger customers who are not as familiar with a DIY mentality.

The article mentions Fishbowl CMO Kirk Tanner when it discusses how companies can use inventory management software to plan for fluctuations in demand: (more…)

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Posted In case studies | fishbowl software | small business
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How Anticipating Consumer Behavior Can Make or Break Your Business

Meghan BelnapSeptember 21, 2016Leave a Comment

Plan ahead for changes in consumer behavior to succeed in business, Fishbowl BlogA successful business starts with identifying the right audience in which to market your products or services. And while this target market is key to your success, you must also select a segment that is large enough to sustain your business, whether you’re catering to a specific gender, income group or lifestyle. But you must also be able to gauge your consumers’ actions by using some of the available tools and properly interpreting the results.

The following are some ways you can better anticipate your customers’ actual behaviors, which can mean the difference between success and failure. (more…)

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Believe: There Is No Bigger Word

Robert LockardSeptember 05, 2016Leave a Comment

Believe - there is no bigger word, Fishbowl BlogFishbowl CEO David K. Williams is a regular Forbes contributor. And he’s really starting to turn heads. His article, “Meet The Zentrepreneur: A New And Emerging Breed Of Entrepreneur,” inspired one reader to write his own article about it, entitled “What would you ask?”

The author of that article talked about a hypothetical conversation with Abraham Lincoln in which he could ask the dead statesman any question. He elects to ask how to build his character in a way that reflects Lincoln’s superior moral character. He parlays this topic of guardian angels into a discussion of angel investors and what it takes for entrepreneurs and their businesses to survive in this rough and tumble world of ours. (more…)

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Making Sure Your Store’s Equipment Stays in Working Condition

Kara MastersonJune 08, 2016Leave a Comment

Proper maintenance is a key component to keeping your equipment running smoothly, Fishbowl BlogRunning a store requires the use of a wide variety of equipment. The kinds vary, but examples include shopping carts, display racks, hand trucks and conveyor systems. Some stores may even have the need for large machinery and motorized tools, such as paint mixers, lifting equipment or refrigeration units. Taking steps to maintain equipment like this can save you money, prevent accidents and avoid lawsuits. Follow these tips for making sure your store’s equipment stays in working condition. (more…)

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3 Simple Ways to Put Together a Superior Work Team

Rachelle WilberMay 27, 2016Leave a Comment

Teamwork creates order from chaos, Fishbowl Blog“Teamwork is the fuel that allows common people to attain uncommon results.” – Andrew Carnegie

Leaders have a tough job to do. It’s no easy task to take a group of unique individuals and guide them toward a common goal. Today’s leaders must learn to adapt to their team’s needs and personalities, communicate effectively, as well as motivate and inspire increasingly diverse groups of people. Here are three ways you can more effectively lead your team to greater heights. (more…)

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Differing Points of View: Understanding the Psychology of Business

Rachelle WilberMay 11, 2016Leave a Comment

The psychology of business is important to take into account, Fishbowl BlogThere are reasons why some people and organizations in the business world are more effective than others. Research using social scientific methods has studied individuals in the business workplace environment to identify relationships, methods and more. The psychology of business is a way to understand the connection of successful relationships between, workers, employees, consumers and organizations for mutual benefit. (more…)

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