Your profit margin is a metric that should always be on your radar, and for good reason: it answers critical questions about your business,...
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About the Author
Lightspeed
Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business.
More from this author
Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business. Headquartered in Montréal, Canada, Lightspeed is trusted by favorite local businesses, where the community goes to shop and dine. Lightspeed has offices in Canada, USA, Europe and Australia.
Opening a retail store or boutique—and ensuring that it succeeds—is a major undertaking. One of the biggest factors is the cost. You’ll...
- by Lightspeed
It’s nearly impossible to exist as a restaurant in 2025 without some sort of web presence, and restaurant review sites are a big...
- by Lightspeed
Operating expenses (OPEX) are a crucial part of running a retail business. From rent and utilities to payroll and marketing, these...
- by Lightspeed
Whether you’re starting up your first online shop, or growing a well-established ecommerce business, sooner or later you might come...
- by Lightspeed
Whether it’s opening a new location, stocking up on seasonal inventory or upgrading tech to stay competitive, every growing retail...
- by Lightspeed
Ecommerce is undoubtedly one of the most important retail sales channels you can have. With billions of people (2B according to recent...
- by Lightspeed
If you’ve ever visited a retail store and looked at a product’s price tag, you’ve likely come across a stock keeping unit, commonly...
- by Lightspeed
Forecasting demand is essential for retailers to accurately predict how much of a product they should purchase. The inventory a retailer...
- by Lightspeed
From the consumer’s perspective, paying for something is pretty straightforward. But the truth is, the whole process of having customers...
- by Lightspeed
Managing inventory is a balancing act for growing businesses, especially those with multiple locations. When products lose value or...
- by Lightspeed
Mastering restaurant supply chain management may not be the sexiest part of learning how to run a restaurant, but it’s one of the...
- by Lightspeed
Incorporating any business is a huge decision. Perhaps you’ve just opened your doors, and you’re doing well. On the other hand,...
- by Lightspeed
Every restaurateur knows that the menu is one of their most important sales tools, and with menu trends drawing customers in now more...
- by Lightspeed
Managing inventory is one of the biggest challenges small businesses face. Understanding how to track inventory for small businesses...
- by Lightspeed
You mastered the art of brewing an exceptional cup of coffee long ago—but choosing the ideal coffee shop design and layout might...
- by Lightspeed
Consider this scenario: it’s June, and you’ve just moved into an apartment with a large balcony. You decide to purchase some patio...
- by Lightspeed
Did you know that 90% of companies have some kind of customer loyalty program? However, most loyalty program members aren’t actively...
- by Lightspeed
If you run a retail business, restaurant, or golf course, you’ll need to equip it with a point-of-sale system. If you get just one...
- by Lightspeed
Love them or hate them, tipped wages are a part of the restaurant industry that’s here to stay for the foreseeable future. While...
- by Lightspeed
When one of your locations receives a new shipment from a wholesaler, how do you decide the prices of the inventory inside? Knowing...
- by Lightspeed
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