While offering customers a discount for paying with cash may sound a bit shady, there is nothing unlawful or fishy about the situation. In fact, establishments have been providing these deals for years. It wasn’t uncommon in the past for retailers, service providers, and other places of business to take percentages off of sales when the consumer paid with money. Of course, the matter becomes a little crooked and dishonest if the person receiving the bills decides not to report the earnings to the IRS. Read more

A lot of people don’t understand why some consumers catch a break when they buy items with cash. Retailers that allow clients to purchase goods or services with credit/debit cards must pay bank fees. The rate varies from place to place, but it is typically around 5-percent. This doesn’t sound like a big deal, but it equals up to big money as more and more transactions take place. For example, if the institution has something on sale for $500, which is barely making them a profit, after paying the $25 fee, they wind up losing as they only receive $475. Read more

If you’re running a business, you already know that you’re always working with a delicate balancing act of how much you spend versus how much you earn. Your profit is directly tied to the sales you make, but you can actually “increase” your profits by spending less on your operating costs. But how do you that? There are three easy tips you can follow to see an immediate reduction in your operating costs. Read more

Everyone knows that one of the best ways to get repeat business is to provide the kind of customer service that people want. But how do you do this? We’ve got five easy tips you implement with your employees to keep the customers returning! Read more

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