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Financials For Coffee Shops

Financials For Coffee Shops

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You won’t have to walk far to find a coffee shop in the United States. We love our coffee, which is great for you in terms of demand, but means there is always going to be strong competition coming from all angles. 

This is why you need to create a loyal consumer base by reaching optimal levels of efficiency and organization. An effective online management system ensures you stand out from others in the industry. 

Needless to say, COVID-19 has also brought further troubles to the industry, making it more difficult for small businesses around the country. Social distancing can mean that you are able to take fewer coffee orders throughout the day, which is why it is critical to look into the financial side of things. 

An online accounting system can help you to make sure that you have all of your money in order. Below, we are going to look at the different areas to consider, all of which can be managed with a financial solution that is integrated and tailored to suit your coffee company.

Payroll – By managing your employees’ payroll electronically, you can be sure of ultimate ease, efficiency, and less margin for human error. 

Debt Payments – Managing debt is vital for any business owner. Read up on DTSS sovereign if you need some help and assistance with this.

Cash flow forecasting – Cash flow forecasting is a vital component when it comes to business success. Inefficient handling of this area of your business can lead to huge problems. You should automate your cash flow so you can have a firm grip on daily finances, bills, and expenses.

Credit control – Stay on top of your credit for optimal financial security. 

Card payment facilities – Most customers will want to pay using their credit or debit card due to COVID-19. Make sure you give them this option with card payment facilities. 

Budgeting and profit projections – You can’t stay in the here and now if you want to reach your ultimate potential. By staying ahead of the game you’ll reap the rewards in the future by maximizing profits.  

Management reporting with KPIs – This is an essential component in driving your business to achieve its strategic goals. 

Point of Sales systems – Effective Point of Sales systems ensure this area of your business is handled successfully, whilst also presenting you with excellent data for moving forward.

Stock control across a number of outlets (for those with more than one shop!) – There is nothing worse for a coffee shop than running out of supplies. Make sure this does not happen by keeping track of your stock and orders. A good system should enable you to do this.

Customer loyalty programmes – Everyone has a favourite coffee shop. Make sure you are that shop with our effective customer loyalty programmes. 

• Sales discounts – Customers love a good discount! By managing sales and discounts effectively you can make better decisions so that you reap maximum profit potential from any sales are discounts you have running. 

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.

5 Essential Health and Wellness Tips for Seniors

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5 Essential Health and Wellness Tips for Seniors

Our bodies go through many changes as we age, but this doesn’t mean we’re destined to live our senior years in poor health. There are numerous preventative steps that seniors can take to avoid disease, prevent injury, and support the resilience of their mental health. Here are a few concrete ways you can discover greater well-being.

1. Take Advantage of Supplements

Due to natural changes in the body, seniors need fewer calories than younger adults — this can lead to nutrient deficiencies which negatively impact health, energy levels, and overall quality of life. Consider supplementing your diet with calcium, vitamin D, vitamin B12, potassium, magnesium, and omega-3’s to ensure you’re getting the nutrients you need to support your body and mind.

Seniors can also benefit from supplementing with Cannabidiol, or CBD oil. Research shows that CBD has several mental and physical health benefits, relieving anxiety, reducing inflammation, and easing chronic pain. Though this compound comes from cannabis, it is non-psychoactive and will not get you high. If you’re being held back by chronic pain, try supplementing with CBD oil instead of turning to addictive pain medication. Check out Remedy Review for a complete CBD oil buyer’s guide.

2. Use Technology to Stay Safe

Technology can help you stay connected to your loved ones and banish loneliness, but it can also help keep you safe. Seniors with mobility issues or weakness can reduce their risk of sustaining serious injuries at home with medical alert systems. This technology can be set up to automatically detect falls or allow you to contact your family members and medical professionals if you have an accident. Having this safety net available at all times can give you more independence and comfort in your own home, significantly improving your quality of life.

3. Consider Moving to The City

If you’re living out in the middle of nowhere, now is the time to think about moving into town. According to Business Insider, seniors move to cities for better public transportation, walkability, disability-friendly infrastructure, and proximity to healthcare centers. Being in the city also makes it easier for seniors to create social connections, staving off the problems with cognitive decline and heart disease that accompany prolonged loneliness.

4. Give Your Days Purpose

Many people in retirement struggle to find purpose in their lives. According to the Chicago Tribune, seniors who feel that they have long and short-term goals enjoy greater strength, less stress, and a general sense of well-being. Something as simple as caring for a pet, growing a garden, or volunteering in the community can add purpose to your days and help you feel fulfilled.

5. Exercise One Step at a Time

Everyone knows that exercise plays a crucial role in health, but many seniors find it difficult to exercise due to pain, disability or illness. Fortunately, there are plenty of senior-friendly workouts and aerobic activities you can try. You can even exercise from a chair! Walking is fairly easy for most people and provides several long-term benefits. If you haven’t walked in a while, start with 10-minute walks and increase these by 5 minutes every week. Once you’ve reached a comfortable walking session of 30 minutes, work on increasing your walking speed for greater health benefits. Just remember to take it slow and listen to your body. In the end, any amount of exercise is better than nothing.

It’s never too late to improve your health. Seniors can boost their quality of life by taking control over their mental and physical health. Though it can be extremely difficult to change established habits or make alterations to your comfortable routine, incorporating healthy activities into your day-to-day life will have a significant impact on how you feel in the long run.

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.