In retail, managing risk is as much a part of the job as stocking shelves or ringing up sales. This guide takes a closer look at seven common retail store challenges that business owners have to know how to navigate, offering insights into effective strategies for dealing with them. By understanding and preparing for these retail threats, business owners can strengthen their operations and ensure the longevity and success of their ventures.

The retail industry is gigantic. From department stores to vending machines to online retailers, the diversity of retail businesses is one of the driving forces that has made it successful. Let’s delve a little deeper into the various types of retail structures and how they work.

The world of retail is fast-paced and varied, with no two days ever the same. With so much going on, it also creates a recipe of risks and opportunities for things to go wrong, something no retailer wants to have to worry about.

Tis the season to be jolly and for retailers to be ready!

Retail businesses handle customer data, payment information, sales systems and inventory records every day. This makes the retail sector a consistent target for cyber threats. As more transactions move online and more stores rely on digital tools, strong cybersecurity has become essential for business continuity and customer trust. Small retailers often believe they are less likely to be targeted, yet the pattern across Australia shows a different story. Cyber criminals look for businesses with lighter security and predictable routines, which puts many small retailers at risk.

When it comes to retail, it’s not just about what you sell, but how you sell it. From managing your inventory creatively to building a robust online presence, each step is a piece in the puzzle of becoming a successful retailer. This article delves into a few effective strategies to improve retail sales by not only drawing customers in but also keeping them coming back.

Whether it’s serving up the best cupcakes in town at the local market stall, helping people reach their full potential with online coaching or starting a blog on mastering the art of juggling, many Aussie’s dream of making their side hustle dream a reality. If you’ve been contemplating using your skills to start a side hustle but need a little bit of inspiration, then you’ve found the right place.

To celebrate International Women’s Day, Thursday March 8th 2018 we are celebrating one inspiring female entrepreneur, BizCover customer Laura Vogt and her business Lucid 8 Unisex Apparel.