Are you over-invested?
Are you over invested? I was recently reminded of the concept of “Sunk Cost Bias” and how this state of mind is so relevant to how we sometimes function as retailers. Sunk Cost Bias is when our decisions are tainted by the emotional time, effort and in many cases money we have put into a…
Read MoreWhat is the best POS for you? Here are 10 Things to Consider…
10 Things to Consider when choosing your new POS System… Retailers have enough on their plate with customers, staff, general day to day store duties, dealing with suppliers, purchasing and receiving…the list goes on and on. It would be great if you could simplify some of these tasks so that you can spend more time…
Read MoreDON’T MAKE ME CHOOSE!
DON’T MAKE ME CHOOSE! Barry Schwartz has a wonderful TED talk titled “The paradox of choice”. One of the significant takeaways from this concept is that too much choice is not always a good thing! Have you heard any of these phrases before: “ I need to properly represent the line” “ Having these items…
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