Published on: 11 December 2019
Last Updated on: 15 July 2024
The majority of retail businesses in the world are still dependent on extensive spreadsheets and excel when it comes to pricing strategies. Other than the fact that multiple spreadsheets can cause confusion and duplication, they bring down productivity.
This is why businesses are reinventing themselves and adopting technological innovations to improve businesses. One of the most successful tools that retail businesses are using in 2019 is ‘Pricing Tools’.
In this article, we will look at some major questions like-
What are Pricing Tools?
How can a pricing tool add advantage to your business?
How does the pricing tool help you automate different aspects of the price-fixing strategy?
What are the costs that you are going to incur when subscribing to a pricing tool?
What is a Pricing Tool?
A ‘Pricing Tool’ is a dynamic software, which helps businesses set up their pricing strategy in a dynamic manner. It helps in reducing duplication, accelerates the process in real-time and saves time, which can be efficiently used elsewhere.
If you look at a traditional business, you will find that fixing prices requires three or four people and extensive discussions. By using a pricing tool, you limit all the price related discussion to one workstation only. Modern businesses are adopting smart, automated and powerful pricing tools to improve sales, offer discounts in real-time and transform revenue goals.
An effective and useful pricing tool helps in streamlining the process. It also brings inefficiency into the process. For companies who want to adopt a strategic business plan for long-term growth and sustenance, a pricing tool becomes a necessity.
Advantages of using Pricing Tools:
The following are some of the major advantages of using a Pricing Tool for your retail business-
1. Saves Time that can be productively utilized elsewhere:
Real studies carried out by research agencies show that a good pricing tool saves up to 40 hours per week when it comes to determining to price. This reduction in time can be used to concentrate on some other aspects of improving the business.
2. Dynamic Price-Fixing at one go:
Most retailers fear days like ‘Black Friday’ rather than get excited about them. This is because they worry about fixing prices and attracting users. A pricing tool is very effective especially during holidays, festivals and special sales days. The dynamic pricing means that you need to concentrate just on sales and logistics and leave the pricing part to the tool.
3. Forecast sales and make accurate projections:
Most retailers make manual sales projections. However, there is scope for human error when doing this. A pricing tool through rigorous automation and analytics is able to accurately make sales projections and forecasts. This is an able ally when it comes to sales and marketing.
4. Integrate your ERP and Ecommerce on one Pricing Tool:
Most retail businesses are experimenting with Ecommerce aggressively. Retail businesses can also have other outlets and franchises. This means coordinating everything at one go. Fortunately, a pricing tool is able to integrate ecommerce and ERP in one single platform.
5. Improve sales and increase revenues:
Using an efficient, powerful and affordable pricing tool, which integrates three or four functions, is going to help you improve sales and drive up revenues. Bringing down the decision times, saving hours and eliminating errors is going to help you grow your business.
Can an Automated Pricing Tool Software help a Business effectively?
One of the major challenges, which any retail business faces, is tying loose ends. This means that there are so many verticals when it comes to sales and pricing that it becomes nearly impossible to streamline them all.
Until now, businesses were using traditional methods of working and fixing prices. They started using ERP but were unable to tie it to their other verticals like Ecommerce. Corrective measures that needed to be taken in case of an error delayed processes even further.
A pricing tool is able to blend five or six functionalities, all in one dashboard that can easily be monitored by one person alone. You can never imagine the asset value of something like a pricing tool. It aids businesses in a major way.
By helping, businesses fix projections, set goals and timelines it helps in giving unorganized retail businesses proper shape and character. This, in turn, improves productivity, decreases wastage and improves revenue figures.
Conclusion:
If you are looking to give your business a midlife boost, then you should definitely check out the best pricing tools on the market. Most software companies, which offer pricing tools, offer affordable plans and bundles that are negotiable.
Do let us know what you thought about the article in the comments section below. Do you really think pricing tools are an effective way to boost revenues for retail businesses?
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Financial planning is an essential aspect of any business, and for contractors, it's no different. In the construction industry, project viability relies heavily on careful financial management. This article will explore the principles of effective financial planning for contractors and how using a bid bond can demonstrate financial stability and attract clients.
The Importance Of Financial Planning For Construction Companies
The construction industry is highly competitive, and its dynamics and the economic scenario are changing continuously. Therefore, it is important to have a plan in place when it comes to navigating regulations, compliances, and even finances. This section mainly discusses the importance of financial planning for the construction companies.
1. Navigating The Landscape Of The Construction Industry
As mentioned above, the construction industry is rapidly changing. Every now and then, you have new rules, guidelines, compliances, and changes in technology. It is an important aspect of the entire industry. A personalized plan can help you pinpoint these changes and be prepared to face the challenges in the future.
2. Managing The Flow Of Cash
Cash flow management is another critical aspect of any business. The construction business is no exception. The irregular scheme of payments and also the out-of-plan expenditure can, indeed, disrupt the flow of cash. A personalized flow of finance in the construction industry can help you maintain quite a healthy cash flow. It helps manage the sudden need for finance and fix issues.
3. Long-Term Sustainability
A well-planned financial plan offers a roadmap for the long-term sustainability of the construction companies. They assist companies in setting attainable goals and targets. If you do not have a solid base of finances, you won’t be able to plan ahead in the future. One of the biggest challenges that business organizations face today is the long-term sustainability. As a business, you could only attain it if you have a steady supply of finances.
4. Managing The Risks
The construction industry is quite risky. There are financial liabilities, safety, legal and other issues. A personalized financial plan helps create the strategies. They help reduce the chances of financial setbacks and also the circumstances hitherto not experienced.
5. Reducing The Cost Of Borrowing
You all know that the construction industry is quite fund-intensive. You need to have a large sum of money. Under the circumstances, borrowing is the biggest way to handle it. But they have their interest associated with it, which is quite hefty at times. They may affect your budget and the prices of the products. Therefore, you must have the planning and a strong pedestal in place. But there is no alternative to a strong planning.
6. Increased Profitability
The be-all and end-all of business is earning profits. Managing the expenditure is quite a challenge; therefore, you must be highly prepared with a plan in mind. A well-crafted plan of finances considers the revenue streams of the company assets and the expenses. A business owner uses their plan to make the wisest of choices. They help boost the profits and then cut the costs.
7. Attracting The Investors
When you woo the investors for your projects, they look at some of the important things before investing. One of the core elements in good financial planning. If they understand that your finances are well managed and your organization is well in shape, it can drive them to invest in your vision. Therefore, you must invest in professionally prepared finance to ensure steady growth and stability in the long run.
The Core Aspects Of Financial Planning For The Contractors
In this section, we discuss some of the core aspects of financial planning that can help you stay ahead in this competitive landscape. As a stakeholder in the construction sector, you must have the planning in place.
Budgeting
The cornerstone of any financial plan is a well-structured budget. It’s essential to account for all expenses, including materials, labor, equipment, and overhead costs. By creating a detailed budget, you’ll be better equipped to estimate project costs accurately.
Cash Flow Management
Cash flow is the lifeblood of your contracting business. Timely invoicing and efficient collection of payments are critical. Moreover, having a cash reserve for unexpected expenses or delays is a wise strategy.
Using Bid Bonds To Show Financial Stability
One effective way to demonstrate financial stability to potential clients is by using bid bonds. A bid bond is a form of guarantee that you, as a contractor, provide to the project owner. It is a promise that if you're awarded the project, you will enter into a contract and provide performance and payment bonds as required. It assures project owners that you have the financial capacity to complete the project.
By including these bonds in your bids, you signal to clients that you are financially stable and capable of fulfilling the contract. This can set you apart from competitors and instill confidence in project owners.
Financial Planning For Contractors
Emergency Fund
As mentioned earlier, cash flow can be unpredictable. Having an emergency fund that covers at least three to six months' worth of expenses can provide a safety net during lean times or unexpected setbacks.
Diversify Your Client Base
Relying on a single client or type of project can be risky. Diversifying your client base and the types of projects you take on can help stabilize your income and reduce vulnerability to market fluctuations.
Regularly Review And Adjust Your Financial Plan
Financial planning is not a one-and-done task. It's essential to review and adjust your plan regularly, especially as your business grows and evolves.
Insurance Coverage
Consider various insurance options to protect your business against unforeseen events. Liability insurance, workers' compensation, and equipment insurance are just a few examples of coverage that can safeguard your financial stability.
Invest Wisely
Make informed investment choices for any surplus funds you may have. Consult with a financial advisor to develop an investment strategy that aligns with your long-term financial goals.
Conclusion
In conclusion, financial planning is a critical component of a contractor's success. It ensures project viability, stability, and, ultimately, the growth of your business. Remember to create a comprehensive budget, manage your cash flow efficiently, and explore various financial strategies to secure your financial future as a contractor. By following these principles, you can build a strong foundation for your contracting business and thrive in the competitive construction industry.
Read Also:
Construction Safety – What You Didn’t Know!
All You Must Know About Construction Business Management Software
Construction Safeguards: What Are The Top 3 Leading Risks For Machine-Related Amputation?
Sailing across the open sea is a vivid dream for many. However, the steps to turn that dream into reality sometimes seem overwhelming. For most, this journey begins with finding the right marine dealership that offers comprehensive services, taking care of everything from finding the perfect boat to providing continuous support, maintenance, and upgrades. These essential aspects of a full-service marine dealership are vital in ensuring a hassle-free, smooth sailing experience. It's time to bring your dock decking vision to life with a partner passionate about going against the grain to offer cutting-edge solutions to all your problems.
The Complete Package: Understanding Full-Service Marine Dealerships
Comprehensive Services For All Your Needs
A full-service marine dealership provides all-encompassing services tailored to boat owners' diverse needs. These dealerships are one-stop shops where you can purchase new or pre-owned boats, access high-quality maintenance services, and find unique dock decking solutions that enhance your boat's aesthetic appeal and significantly increase its durability and lifespan.
Turning Your Dock Decking Vision Into A Reality
Go Beyond The Norm With Innovative Solutions
Your boat is a significant investment; you want it to last like any investment. This goes beyond just the boat's structure; it extends to the deck, one of the most utilised parts of any marine vessel. Decking not only contributes to the visual appeal of your boat but also its overall performance. Choose a decking material that withstands time and weather without sacrificing comfort or aesthetics.
One material gaining popularity due to its resilience and innovative properties is 100% polypropylene. This material exceeds expectations regarding longevity, as it is immune to warping, bending, cracking, and splintering, issues commonly associated with wood or composite decking.
A Worry-Free Decking Choice
What sets 100% polypropylene apart is its "worry-free" promise. This decking material requires minimal upkeep, making it the ideal choice for those seeking to invest more time in enjoying their boating experience rather than maintaining it.
Furthermore, these boards are UV protected to minimise fading, a common issue with most other decking materials. This UV protection means that your deck retains its original colour even in the harshest sunlight, ensuring your boat remains as aesthetically appealing as the day you purchased it. These boards also don't have heat, making them comfortable for barefoot walking even on sunny days.
Weathering The Storms
Marine environments can be harsh, and storm surges significantly threaten your boat and dock. The 100% polypropylene boards come with a unique water flow-through design. This feature helps protect your port from damage dring storm surges and prevents water from pooling on the deck, providing a safer and cleaner surface.
With the smooth texture of the 100% polypropylene boards, you can walk barefoot on your deck without worrying about splinters or rough spots. This comfort, coupled with their resilience, makes these boards the perfect choice for any boat owner.
Riding The Wave Of Innovation
More Than Just A Product
An in-tune marine dealership doesn't just provide products; it offers solutions. The journey towards being a boat owner is exciting, filled with many decisions and considerations. A reliable dealership understands this and provides guidance every step of the way, helping navigate these choices and offering innovative, problem-solving products that genuinely meet your needs.
Pioneering The Future
The boating industry continuously evolves, introducing new technologies and materials regularly. Staying ahead of these developments and integrating them into the services provided is a hallmark of a forward-thinking marine dealership. Using 100% polypropylene for dock decking is an innovative solution that enhances the boating experience and contributes to sustainability by providing a durable, long-lasting product.
Conclusion
As previously discussed, embarking on your transformative journey with a full-service marine dealership is like setting sail towards an endless ocean of possibilities and the promise of success and selecting a partner who understands your aspirations and requirements as the winds behind your sails guide your every move forward.
Full-service marine dealerships provide invaluable support, meticulously catering to your needs, from expert advice for selecting the ideal vessel to top-tier maintenance and repair services; they ensure your boating experience runs smoothly and efficiently without unnecessary concerns or headaches. With their unwavering commitment to excellence, you can confidently navigate the waters, knowing you have a trusted partner.
Kale is one of the most nutritious and versatile greens you can grow in your garden. It's packed with vitamins, minerals, antioxidants, and fiber and can be used in salads, soups, smoothies, and more. But how do you harvest kale throughout the year so that you can enjoy it fresh and crisp and also make it last longer?
In this article, I will show you how to harvest kale so it keeps growing, how to harvest kale from the garden, how to store and freeze kale, and the health benefits and taste of kale. Additionally, I will also share some tips and tricks on how to grow kale successfully and how to use it in delicious recipes. Whether you're a beginner or an expert gardener, this guide will help you make the most of your kale harvest.
What is Kale & Why Should You Harvest It?
Kale has a mild, earthy, and slightly bitter taste, which can vary depending on the variety, growing conditions, and harvesting time. It can also become sweeter after a frost, as the cold temperatures trigger the plant to produce more sugars.
Kale can be eaten raw or cooked, and it can complement many dishes and flavors. It can also be seasoned with salt, pepper, lemon juice, garlic, onion, vinegar, or any other condiments you like.
Kale is not only tasty, but also healthy. It's low in calories and high in fiber, vitamins, minerals, antioxidants, and phytochemicals. It can help improve various aspects of health, such as:
Eye health
Kale is rich in lutein and zeaxanthin. These are carotenoids that protect the eyes from age-related macular degeneration, cataracts, and glaucoma. Kale also contains vitamin A, which is essential for vision and eye health.
Blood pressure
Kale is high in potassium, magnesium, and nitrates, which are compounds that help lower blood pressure and relax the blood vessels. Kale also contains vitamin C, which helps prevent homocysteine, an amino acid that can damage the blood vessels and increase the risk of cardiovascular diseases.
Bone health
Kale is a good source of calcium, magnesium, and vitamin K, which are important for bone health and density. Kale also contains vitamin C, which helps the body absorb calcium and produce collagen, a protein that strengthens the bones and connective tissues.
Immune system
Kale is loaded with vitamin C, which is a powerful antioxidant that boosts the immune system and fights off infections and inflammation. Kale also contains vitamin E, which enhances the immune response and protects the cells from oxidative stress.
Digestion
Kale is high in fiber, which helps regulate digestion and prevent constipation, diarrhea, and bloating. Fiber also feeds the beneficial bacteria in the gut, which improve the digestion and absorption of nutrients and support the immune system.
Skin and hair
Kale is rich in vitamins A, C, E, and iron, essential for healthy skin and hair. Vitamin A helps maintain the moisture and elasticity of the skin and prevents acne and wrinkles. Vitamin C helps produce collagen, which keeps the skin firm and smooth.
On the other hand, vitamin E helps protect the skin from sun damage and aging. Iron helps deliver oxygen to the skin and hair cells and prevents anemia, which can cause hair loss and pale skin.
How to Harvest Kale So It Keeps Growing?
One of the best things about kale is that it's a cut-and-come-again crop. This means that you can harvest it multiple times throughout the season, as long as you do it correctly. Here are the steps to follow to harvest kale so it keeps growing:
Choose the right time to harvest
The best time to harvest kale is when the leaves are young and tender, usually about 30 to 40 days after planting. You can also harvest baby kale leaves about 15 to 25 days after planting.
You should harvest kale before it starts to flower. This is when it produces yellow or white blossoms and becomes bitter and tough.
Kale usually flowers when the days get longer and warmer. Therefore, you should harvest it more frequently in the spring and summer.
Use a sharp knife or scissors to cut the leaves
You can either cut the whole plant at the base, leaving about an inch of stem or cut individual leaves from the lower part of the plant, leaving the upper leaves to grow.
Additionally, you should cut the leaves about an inch above the soil to avoid damaging the crown and the roots. You should also avoid cutting too many leaves from one plant. This is because this will weaken the plant and reduce the yield. A good rule of thumb is to leave at least half of the leaves on each plant.
Wash and dry the leaves
You should wash the kale leaves as soon as possible after harvesting to remove any dirt, bugs, or pesticides. To rinse the leaves under cold water, you can use a colander or a salad spinner. After that, pat them dry with a paper towel or a cloth. You should also remove any damaged or yellow leaves, and trim any tough stems.
Enjoy or store the leaves
You can eat the kale leaves fresh, or store them in the refrigerator or freezer for later use. I will explain how to store and freeze kale in the next sections.
How to Harvest Kale from the Garden?
If you want to harvest kale from the garden, you need to follow some simple steps and tips to ensure a successful and bountiful harvest. Here are some things to consider when harvesting kale from the garden:
Choose the right variety
There are many varieties of kale to choose from, depending on your preference and climate. Some of the most common varieties are curly kale, which has dark green, and curly leaves that are great for salads and chips.
You can also try dinosaur kale, which has dark blue-green, flat leaves that are great for soups and stir-fries, and red Russian kale, which has purple-red, frilly leaves that are great for salads and smoothies.
You can also choose kale varieties based on their maturity time, cold tolerance, flavor, and color. Some popular kale varieties are Winterbor, Redbor, Lacinato, and Scarlet.
Plant the seeds or seedlings
Depending on your preference and availability, you can plant kale seeds or seedlings in the garden. The best time to plant kale seeds or seedlings is in early spring, as soon as the soil can be worked, or in late summer or early fall, for a winter harvest. You can also plant kale seeds or seedlings every two to three weeks, for a continuous harvest.
You should plant the seeds or seedlings about a quarter to half an inch deep, and one to two inches apart, in rows that are 18 to 24 inches apart. Additionally, you should water the seeds or seedlings well, and keep the soil moist until they germinate or establish, which usually takes seven to 14 days.
Thin the seedlings
When the kale seedlings have two to four true leaves, you should thin them to avoid overcrowding and competition. You should leave about six to 12 inches of space between each plant and eat or transplant the thinned seedlings. You should also weed the area around the kale plants regularly, to prevent pests and diseases.
Harvest the leaves
You can start harvesting kale leaves when they are big enough to eat, usually about 30 to 40 days (about one and a half months) after planting, depending on the variety. You can either harvest the whole plant or pick individual leaves from the lower part of the plant, leaving the upper leaves to grow.
That is not all. You should harvest kale in the morning when the leaves are crisp and fresh and before the sun gets too hot. You should also harvest kale before it starts to flower, which is when it produces yellow or white blossoms and becomes bitter and tough.
How to Store and Freeze Kale
Kale is best eaten fresh, as it loses its flavor and texture quickly. However, if you have a large harvest, or you want to preserve kale for later use, you can store or freeze it. Here are the best ways to store and freeze kale:
Store kale in the refrigerator: You can store fresh kale in the refrigerator for up to a week, if you keep it in a perforated plastic bag or a container with a lid. You should also avoid washing the kale before storing it, as this will make it wilt faster. You should wash the kale just before using it.
Freeze kale raw: You can freeze raw kale without blanching it, which is a process of briefly cooking and cooling the vegetables to stop the enzyme activity that causes them to spoil. However, freezing raw kale will result in a mushy and watery texture and a loss of flavor and nutrients. To freeze raw kale, you should wash and dry the leaves, and then pack them in freezer bags or containers, leaving some space for expansion. You can freeze raw kale for up to six months, and use it in smoothies, soups, or casseroles.
Freeze kale blanched: You can freeze blanched kale, which will retain its color, texture, flavor, and nutrients better than raw kale. To freeze blanched kale, you should wash and trim the leaves, and then blanch them in boiling water for two to three minutes, depending on the size of the leaves. You should then drain and cool the leaves and squeeze out the excess water. Moreover, you can then pack the leaves in freezer bags or containers, leaving some space for expansion. You can freeze blanched kale for up to a year, and use it in salads, sandwiches, or quiches.
How to Use Kale in Different Cuisines and Recipes
Kale is a versatile vegetable that can be used in many different cuisines and recipes. Whether you want to make a salad, a soup, a smoothie, or a casserole, kale can add flavor, color, and nutrition to your dish. Here are some examples of how to use kale in different cuisines and recipes:
American cuisine
Kale is a popular ingredient in American cuisine, especially in salads, sandwiches, and casseroles. You can make a kale and apple salad with walnuts and honey mustard dressing, or a kale and chicken sandwich with mayonnaise and cheese.
You can also make a kale and cheese casserole with eggs, milk, and bread crumbs, or a kale and sausage quiche with pie crust and cheddar cheese.
Mediterranean cuisine
Kale is a common ingredient in Mediterranean cuisine, especially in Greek, Italian, and Spanish dishes. You can make a kale and feta cheese pie with phyllo dough and olive oil, or a kale and white bean soup with garlic, rosemary, and lemon juice. You can also make kale and tomato pasta with parmesan cheese and basil, or a kale and potato tortilla with eggs, onion, and paprika.
Asian cuisine
Kale is widely used in Asian cuisine, especially in Chinese, Japanese, and Indian dishes. You can make a kale and tofu stir-fry with ginger, soy sauce, and sesame oil.
Additionally, you can make a kale and seaweed salad with rice vinegar, sugar, and sesame seeds. You can also make kale and coconut curry with onion, garlic, curry paste, and coconut milk. If you like something Indian, you can also try kale and lentil dal with cumin, turmeric, and coriander.
Wrapping It Up!
Kale is a wonderful vegetable that you can harvest, store, and use in various ways. It's easy to grow, harvest, and store kale, as long as you follow some simple steps and tips. It's also healthy, delicious, and versatile, as you can use it in many different cuisines and recipes. Kale is a green treasure that you don't want to miss.
If you want to know how to harvest kale, I hope that this blog has been of help to you. If there are any other queries related to the same, please feel free to let me know. All that you need to do is scroll down till you reach the bottom of the page. Then leave your comments and suggestions in the box below. And I will be there to help you out with the same!
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