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DollarDays Blog Archives Page 12

By Brittany Engelmann @ 2016-08-31 7:00 AM

The weather is turning, the leaves are preparing to fall, and the pumpkins are soon to be harvested. That’s right, Halloween is just around the corner, and it’s time to begin planning your costumes. Whether you’re a small business looking to stock up on the hottest Halloween trends or a parent hoping to save some money by designing your kid’s costumes from scratch, it helps to know the latest trends, so you can prepare for Halloween in style. Here are some of the top costume trends that will dominate the streets this Halloween. 

  1. Accessories will lead the way.

According to Richard Parrot, the president of Ricky’s NYC, consumers will be placing more emphasis on accessories than prepackaged costumes. They’ll be after colorful wigs, makeup, flower crowns, and other accessories that will enable them to embody the Halloween spirit, while adding their own flair of creativity and originality.

By Brittany Engelmann @ 2016-08-29 7:00 AM

Every small business owner dreams of growing their business into a large, successful company. Yet, many are unsure how to approach growth in a strategic manner that minimizes risk and supports business profits. We’ve turned to the experts to see just how small businesses can equip themselves to grow more quickly and stably.

By Brittany Engelmann @ 2016-08-26 7:00 AM

Does it ever seem like, no matter what you do, you just can’t seem to gain the profit margin you’d like? You’ve tried raising prices, only to lose business, so you seek to lower prices, only to lose profits. It’s an endless cycle, and successfully balancing a profit margin is a task that few have wrangled successfully. However, there are a lot of unexpected ways that businesses drain their resources without even realizing it, and this subsequently drives the profit margin downward. Here are some of the hidden holes in businesses that could result in your resources leaking away.

By Brittany Engelmann @ 2016-08-24 7:00 AM

With Halloween just a couple months away, Halloween pop-up shops are already appearing around the neighborhood. It begs the question, do these pop-up shops make practical business sense, even if they’re only open a couple months out of the year? Well, it depends on how you approach it.

By Brittany Engelmann @ 2016-08-22 7:00 AM

The news of pregnancy is one of the most exciting things an adult can hear – but also the most nerve-wracking. Will I be a good parent? Will I have enough time? Do I have enough savings to support a child? As soon as the good feelings fade, expectant parents are often filled with anxiety. While that’s a normal feeling, there are a lot of proactive ways you can plan for a child and set your worried mind to rest. Here are some tips to help you save a bundle, so your finances will be one less thing to fret about.

By Brittany Engelmann @ 2016-08-19 7:00 AM

While the recession is said to be behind us and the economy is steadily improving, a surprising number of Americans still have trouble managing their bills. In fact, according to MarketWatch, about 62 percent of Americans report having less than $1,000 in savings, which is a strong indicator that the majority of people are living paycheck to paycheck and struggling to get by. If you find that the numbers just aren’t adding up and you can’t seem to cover all household costs, consider these tips to help increase savings and live more comfortably.

  1. Scavenge for Sales

There are sales happening at all times of year. You simply have to be strategic in tracking them down. When making your weekly shopping list, scour the web for all your favorite stores offering seasonal stores. While in the store, you can likely find discount shelves and in-store promotions that will help you extend the power of your dollar.

By Brittany Engelmann @ 2016-08-17 7:00 AM

For the average business, office supplies compose a major part of the total overhead expenses, as they’re something used regularly by all employees. The cost presents ongoing concern that continues to increase as a business scales their operation. The key to operating a cost-effective business model is to find ways to drive the cost of ongoing expenses down, so you can maintain higher profit margins.


How Much Are Businesses Spending on Office Supplies?

It’s estimated that the average business spends about $200 per year per employee on office supplies. For law firms, this number greatly increases, costing approximately $1,000 per year per employee. As time goes on, the demand for office supplies increases. In fact, Gartner has estimated that the quantity of paper produced per company rises, on average, 25 percent per year. The more quickly a business grows, the more office supplies they’ll need to consume to keep pace with that growth. As such, businesses are spending ample resources on office supplies, the cost of which is continuing to rise.

By Brittany Engelmann @ 2016-08-15 7:00 AM

Just two and a half months until the spookiest, skin-crawliest day of the year … good old Halloween. While it may seem like it’s still a ways off to the youngsters and their parents, small business owners are already prepping their shelves for the masses. Halloween means big business for retailers. In fact, the cumulative Halloween sales equal $10 billion dollars each year. Between the candy, costumes, and spooky decorations, just about every small business can find ways to leverage this holiday to increase revenue.

By Brittany Engelmann @ 2016-08-12 7:00 AM

Business owners need to possess multifaceted skill sets. Not only is it imperative to possess exceptional work ethic and business management skills, but you need to be an excellent writer, a mathematician, and a creative thinker as well. When it comes to finding the ideal profit margin, it requires both excellent mathematical skills and innovative thinking. Here is a guide to help you hone in on that ideal profit margin, without zapping your mental energy in the process.


Determine What an Appropriate Profit Margin Looks Like

Small to mid-sized businesses (SMBs) can anticipate lower profit margins than their big-box competitors, due to operating on a much smaller scale. Before honing in a perfect profit margin, you need to determine what an appropriate profit margin will look like based on the size of your business, the number of years in operation, and the industry you’re operating in.

While profit margins will vary by industry, Butler Consultants reports that, for retailers, the average profit margin is around 48.46 percent. By striving for an unrealistically high profit margin, you’ll be driving customers away with unreasonable prices. However, settling for a low profit margin could increase your risk of business failure.

By Brittany Engelmann @ 2016-08-10 7:00 AM

For teachers, summer vacation is a necessary break to help unwind from the school year and prepare for the year ahead. The life of a teacher can be stressful, and throughout the year, you’re often expected to do a lot of work outside of the traditional classroom hours. From parent-teacher conferences to preparing classroom activities, the average teacher works about 53 hours per week. Come summer, you finally have the opportunity to relax, but that break can make it all that much more difficult to get back in the teaching groove come school time. Here are some tips to make the transition back to school seamless and carefree.