Operations Small Business Articles

How Costco Makes Money

One Sock: Costco uses their membership fees to cover their fixed costs. They then make their real profit not on the low-margin goods they sell, but in their banking as they receive immediate payment from customers, but pay suppliers at around 270 days. Co"

Cash Registers for the iPad

First there were credit card readers for the iPad and iPhone. Now, there are virtual cash registers. Mac Rumors reports: Square, the company that has brought the ability to accept credit cards for transactions to individuals and small businesses with a ca"