Right Candidate? Don’t Wait, Hire Them.

| July 25, 2017

header-HumanResources.jpg

How do we have such great team members? You ask. I don’t lollygag around with the hiring process. When you have a tough job to fill, a skill set that is in high demand and with a shortage of qualified people, you have to move quickly to get them secured as a team member and in the Technology world it holds truer now than ever. Don’t let the old adage “you snooze you lose” come back to bite you. Too many times I’ve seen hiring managers hold to their process of finding a specific number of candidates to interview before moving forward. In the start of my career I always held to that. With age comes wisdom. I’m not saying don’t do background tests, drug tests, or reference checks. What I’m saying is if you interview one person and you know it’s the right person, hire them! Get the ball rolling NOW! Make an offer pending all your processes.

(more…)

eBay’s Removal of Active Content May be a Pain, but It’ll Help You Sell More in the End

| July 20, 2017

header-Removal of Active Content.jpg

eBay has made quite a few changes to their site in the last few months. Stricter standards, fee changes, new eBay advertising, and most especially the removal of Active Content from item descriptions. This was the hardest hitting of the updates because it forced so many sellers to change the look, feel, and mechanics of their listings’ descriptions. It was a difficult update to comply with but, in the end, it will make eBay a much better selling platform.

(more…)

Rat Tail Labels for Barcoding Jewelry

| July 19, 2017

Header-godexblogexperts.jpg

In the jewelry industry, keeping track of product is essential. Since most pieces are more costly and require more time to produce relative to other industries, jewelers have a heightened need for accurate inventory and product information.

(more…)

How Valuable is Your (and Your Employees’) Time?

| July 18, 2017

Transaction time cost-1.jpg

For a busy pawnshop, the speed at the counter directly translates to dollars earned. Customers expect to walk in with an item of value and walk out with cash in the absolute minimum amount of time. The faster the shop can write loans, take payments and make sales, the more customers they will be able to serve per day.

Lately, it seems like pawn software companies have been putting hurdles in place to slow you and your employees down when writing a loan only to benefit themselves. They make you enter information for items that isn’t needed. You have to describe every item as if it is expected to default and be posted to an online auction. (more…)

Markets for gold and silver are crazy

| July 12, 2017

header-refiningviews.jpg

Markets for gold and silver are crazy as of late. $25 x 2 day swings up and down. As I’ve said before, it’s like an elevator but there is no “definitely”… Especially when you’re ready to settle a lot or hedge when shipping.

Keep an eye on the US dollar, stock markets, job markets, fed talks (interest), President Trump, Democratic Party, unruly activity both overseas and in the US. They will all have an impact on where metals will move — up, down or remain flat. It’s a Friday, as I’m writing this and markets are up $5 – used to be a “profit taking day” for traders for their weekend ca$h. It doesn’t roll like that any longer.

(more…)

Inventory Turns Explained

| July 11, 2017

header-InventoryTurns.jpg

When viewing the Inventory Turns and Inventory Yield in the Management Dashboard Report, it is very important to note the use of the word “Annualized”.

There are multiple methods for calculating turns that are acceptable for accounting. Two of the most common are Sales Divided by Average Inventory and COGS Divided by Average Inventory. (more…)