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Completing your first capital raise: ten lessons for startups

NZ Entrepreneur

Kiwi inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. Comparing the MOQs of his product SKUs “saved me running out of stock at Christmas,” Peska told Sutton. It’s been growth ever since, and in 2020 the company pitched for funding to scale up.

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5 Expert Holiday Shipping Tips for Your New Business

The Startup Magazine

Package and Ship via Flickr by lemonhalf Achieve the sales results you want, all while keeping your customers happy and satisfied by coming up with the best shipping strategy known to man. Keep your sales forecast updated weekly, keep an eye on the most trending items, and get the items you’ll likely sell out of in stock.

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6 Shopify Inventory Management Techniques You Must Implement

The Startup Magazine

Good inventory management is closely connected to accurate forecasting. You could be short on cash and can’t pay for an item you really need or sales increase unexpectedly and your stock is oversold. Setting par levels means assigning a minimum amount of stock for a certain product. Set Aside Safety Stock.

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7 Ways Businesses can save on Shipping during Busy Seasons

The Startup Magazine

Businesses thrive and expand when their sales increase. One of the safest ways to reduce shipping costs during the holiday season is to stock extra piles of merchandise and manage inventory. Businesses announce their holiday specials weeks before the holiday season to avoid seasonal sales spikes and shortages of inventory.

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Why Crypto Trading Bots Are Going To Be A Hit

The Startup Magazine

Simply put, these bots are designed to pick up on specific market trends and make purchases and sales based on those trading strategies. Heck, training in traditional stocks and bonds is hard enough for many. The post Why Crypto Trading Bots Are Going To Be A Hit appeared first on The Startup Magazine. Why Use Trading Bots?

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Have you done your annual entrepreneurial health check?

NZ Entrepreneur

Before you plan the rest of your year, it’s time to take stock and look at conducting this ever-important “annual health check” on your business. Additional funding requests – requesting funding over and above those forecast by the company can be a tell tale sign that all is not well.

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Inventory Management Optimization Methods

The Startup Magazine

Inventory Management Optimization is in contrast to the traditional stocking method of stockpiling and purging inventory levels. It is important to keep an accurate forecast of your expected demand. This can be done by studying last year’s sales cycles. If your product runs out of stock then you are missing out on crucial sales.