Faite's Blogs

  Comprehensive Overview of POS Systems A POS system, or point-of-sale system, is a combination of hardware, software and payment services that businesses use to make sales. And as its name implies, this system exists at the physical or virtual point of sale. Online-only businesses, however, do not require hardware to complete their POS systems.   At minimum, a POS system records customer purchases, accepts payments and provides receipts, either by printing them or sending them electronically through text or email. Many of  the best POS systems  for small businesses  also generate reports, help manage inventory and track employee hours, among other things. Key Components of a POS System 1.         Hardware §   POS Terminal – The main computer or tablet where the software runs. §   Cash Drawer – Stores cash from sales §   Receipt Printer – Prints transaction receipts for customers §   Bar-code ...

  The power of networking: Leveraging connection for a business growth What is networking in business? Networking is the process of making connections and building relationships with individuals and groups who can potentially offer support, information, resources or opportunities that benefit the professional goals or organization. Its not only about exchanging business cards or making external connections at events; rather, effective networking involves establishing genuine rapport, mutual trust, and a spirit of mutuality. Through networking, entrepreneurs, professionals, and organizations can tab into vast pool of knowledge, expertise, and connections that can open doors to new partnership, clients, investors, mentors and other valuable opportunities. Why is networking in business important? Business networking can give access to new opportunities that might not be able to find on own. for example, imagine a small startup in the technology sector that has developed a grou...