In the pawn business today, we hear lots of discussion about cash flow instead of profitability and if you are not careful, you can cash flow yourself right out of business. The reason we can make this bold statement is that we have seen it happens hundreds of times over the years. So, what is [...]
All We Want For The Holiday Season is..... ......Is that our clients to see increases in retails sales upwards of 30%, increases of gross profit on those sales of around 10%, increases of service and interest charges of 20-30% and even your pawn balance can see growth of 20-30% in retail sales seasons. These are [...]
This time of the year is insanely busy and can be the deciding factor on whether or not you make your yearly numbers. So how can you maximize this time of year and ensure that you capitalize on the most sales possible? Here are just a few tips that we use that are sure to [...]
“We strive to make life easier for pawn shops and their customers. Our technology makes the transaction process faster and it improves compliance. We are always looking to build new partnerships with both businesses and technology providers.” - Denis Petrov, CEO IDScan.net IDScan wants your pawnshop(s) to succeed and they are putting their money where [...]
While you are waiting for Covid-19 to end, your competition is re-inventing ways to take your pawn customers. You are fighting not only other pawnshop competitors, but online and second hand competitors and gold buying sharks. You can continue to wait, or you can take actions and find out what our clients know already and [...]
Gold is nearing or at an all-time high day to day and we cannot forget history. When this happened in the past, many pawnbrokers got lazy and just took what came in. But what ended up happening was that the vulchers moved in and it seemed that even the local barbershop was buying gold. If [...]
As a business owner have you missed family functions due to work? Your kids’ special occasions or milestones? What about anniversaries? If so you are not alone! According to a study done in mid-2016 of businesses owners in America we find that 81% of them didn’t take a vacation of more than 2 days off [...]
Pawnbrokers by nature are very hard working and very proud people. Given how hard they work, can you imagine how frustrating it must be to know that there are circumstances that are beyond their control lately that are dictating change in their life and their business? According to associations and large companies in this industry, [...]
We Helped Pawnbrokers in 2019 We have seen and heard from many organizations and associations that as many as 40 pawnshops close their doors each month in and industry that used to be immune to such things. in 2019, Devoted Foundations, a partner of Devoted Pawn Consulting was able to help 9 pawn companies get [...]
We want to help you sell your pawnshops for the highest price around while paying the least amount of taxes legally possible! We can cut out up to 93% of taxes owed and put that money back in your pocket. Capital gains taxes apply to the sale of capital assets for profit (especially businesses and [...]
