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Device Pitstop is Good for Small Businesses

Check out this article from inc.com, which highlights Device Pitstop as a great option for supplying small businesses with high-quality, affordable electronics. Check it out:

Device Pitstop employees working around table

10 Overlooked Budget Hacks for Starting a Business

Starting a business can be costly, but you can do it on a budget and still get the same results.

By Adam Heitzman

Let’s be real, getting a business off the ground is hard. Balancing employee management with everyday operations with promotions and PR with new client outreach with current customer satisfaction…yikes, that can get overwhelming and expensive.

Aside from your standard penny pinching accounting and budgeting tips, there are plenty of ways to stretch your business budget. By employing some of these overlooked budget hacks, you can shave hundreds off your operating costs and watch your profits soar.

  1. Locally optimize your website for more foot traffic.

The majority of mobile searches usually end up in a purchase from a local business. Think about mobile users who search on the fly: they might Google “Mexican restaurants near me,” read some reviews, and then select a nearby restaurant to eat at. For free or nearly free, you can optimize your website through reviews, citations, listings, and more to make sure you’re directing as much foot traffic into your store from the internet at possible.

  1. Maximize free resources.

Just about every business owner knows the importance of having a social media presence, especially since it’s free. But what many businesses overlook are the associations, groups, and networks that can be used to their entrepreneurial advantage. Customers like businesses that are part of associations and broader professional networks because it increases the trustworthiness of the brand. It’s also a great way to meet other business owners and develop mutually beneficial, professional relationships you can learn from.

  1. Negotiate with your suppliers.

And by negotiate, I mean haggle. When it comes to product suppliers and vendors, treat their asking prices as more of a starting point than the actual price you’ll be paying. Wifi, cable, office supplies-many of these things can be negotiated through your account manager, especially if your business has been a long-time customer. Shaving a few bucks off of bills here and there can add up to savings of hundreds of dollars.

  1. Barter your business with other businesses.

Back up to the mutually beneficial, professional relationships idea. You can barter the services you offer with the services of other businesses to achieve mutual goals. Let’s say you own a small PR firm and your office is in dire need of a professional paint job. Find a locally owned painting business and offer to do some PR work for them in exchange for some of their services.

  1. Outsource.

Election season has made “outsource” a dirty word, but you don’t have to outsource every last business function to another country. Freelancers and contracts can often be hired for much less than a full time employee. If there’s something you’d normally hire a position for, such as website design, writing, social media, etc., consider hiring an independent worker. More often than not, they can get the work you need done for a fraction of the cost.

  1. Cut employee costs.

If you don’t want to outsource any jobs and want to keep employees, you can always try cutting down the costs accumulated by employees. If you’ve been catering lunches once every week for years and the cost is getting to be a bit much, reduce it to just monthly catered lunches. Some businesses have even found a four day work week to be a better fit for their employees, who work hard to enjoy their extra day off, and their costs, which are reduced by not having a fifth day of office operations (think: water, electricity, etc.).

  1. Embrace inexperienced hires.

Experienced employees are awesome, but also expensive. Unless you’re in a business that absolutely requires a certain level of experience, such as a private medical practice or law firm, be more open to inexperienced employees. Recent grads are often willing to accept a much lower salary than someone with 5 years of experience, and with a little guidance, an inexperienced but bright employee can do just as good a job.

8. Buy used electronics/sell old electronics.

Electronics are one of the most necessary and expensive parts of owning a business. Computers, phones, laptops, upgrading outdated technology-it adds up quickly, but most businesses and offices can’t operate without them. The good news is that the prevalence and necessity of technology has made attaining it much easier. Try going through a reputable refurbished electronics store for your tech needs, such as Device Pitstop. You can buy your business’s electronics at a discounted rate, sell your older gadgets without biting too much of the cost, or even trade when it’s time for an upgrade.

  1. Buy discounted office furniture.

Much like electronics, another costly but necessary piece of office equipment is office furniture. Desks, chairs, and conference room tables are deceptively expensive. Discount furniture companies offer cost-effective solutions for getting your office the right look. You can rent office furniture or buy from a clearance selection for discounted pieces that are good as new. Taking the discounted route on the expensive stuff like electronics and furniture can save your business thousands of dollars.

  1. Promote partnerships with charities.

As the giving season approaches, advertising tends to get more expensive. A great way to maximize your brand’s exposure on a business is by partnering with a charity. Not only does it attract loyal customers and draw attention from a wider audience, but it also gets you tons of free marketing and publicity through your charity of choice. Team up with a local nonprofit this holiday season to save on marketing and outreach.

Click here to see more from inc.com.

Ronald G. Olson

President

Ron Olson has been President and a Director of NTY Franchise Company since October 2006. Ron’s background included starting his career at Dayton’s Department Store, where he held many management positions. In 1977 he opened his own furniture store in Minnesota, which was a Drexel Heritage prototype store. In 1988 he co-founded Grow Biz International, now called Winmark. The first franchise rights that Olson purchased and started marketing was Play It Again Sports. Olson continued buying the Franchise rights for Once Upon A Child, Plato’s Closet, and Music Go Round. Today there over 1,000 Franchise locations.

Under NTY Franchise Company, the franchise rights were bought for Clothes Mentor and New Uses. In 2013 Olson bought Laptop Exchange and changed the name to Device Pitstop. In 2014 the company opened NTY Clothing Exchange and NTY Kids, now Children’s Orchard. There are currently 204 stores sold and 133 stores opened under the NTY Franchise umbrella.

Chad Olson

Chief Operations Officer

Chad Olson has been Chief Operations Officer of NTY Franchise Company since January 2007. From May 1994 to December 2006, he held various positions for Winmark Corporation (f/k/a Grow Biz International, Inc.), including Field Operations Manager for the Once Upon a Child concept from 1999 to 2002, and Regional Operations Manager for the Plato’s Closet concept from 2002 to 2006.

Sarah Primmer

Vice President of Finance & Human Resources

Sarah Primmer is the Vice President of Finance and Human Resources for NTY Franchise Company. She joined the company in January 2014. Prior to joining NTY, Sarah spent over 25 years as the controller and business manager of a local sales and marketing firm calling on Target stores.

Michael D. Smith

Vice President of Strategic Planning

Michael D. Smith has held numerous roles with NTY Franchise since 2010. He is currently the Vice President of Franchise Development and Strategic Planning. From December 2000 to July 2010, Michael held the position of Chief Executive Officer and Co-Founder of the franchise company Laptop Xchange. From June 1994 to December 2000, Michael held numerous roles within the Grow Biz International brands of Play It Again Sports and Computer Renaissance. These roles included Corporate Store Management, Field Operation Specialist, and Franchisee.

Jenny Mann

Vice President of Operations | Executive Director of IT

Jenny Mann is the Senior Vice President Clothes Mentor and Children’s Orchard. In February of 2024, Jenny took on her current role overseeing IT, Marketing and the e-commerce platforms for both brands. Prior to this, Jenny was the Director of Marketing for NTY Franchise Company since January 2013. Jenny started with the NTY Franchise Company in 2008 with Clothes Mentor and has held many roles, including; Store Manager, New Store Opener, and Regional Operations Manager. Before joining NTY Franchise Company, Jenny worked for Old Navy (Gap, Inc.) and Target in management roles.

Michelle Vaudrin

Senior Director of Operations

Michelle Vaudrin is the Senior Director of Operations for Clothes Mentor and Children’s Orchard. Prior to joining NTY Franchise Company in March 2016, she worked in leadership roles for Burlington, American Eagle and Macy’s. Michelle attended University of Wisconsin-Stout with a degree in Retail Merchandising and Business Administration. She brings extensive background in training of strategies, merchandising, customer service and multi-unit store operations to the team.

Ashley Huebner

Director of Marketing

Ashley Huebner oversees NTY Franchise Company’s marketing and advertising efforts to drive sales, build brand awareness and lead the planning on how to effectively market both brands. She leads creative initiatives for NTY Franchise Company, driving the brands’ vision in aesthetics, tone, and trends to elevate our brand position as a leader in the resale category. Ashley joined the Clothes Mentor team in March of 2015. Ashley has 8+ years of Graphic Design experience. Ashley holds a strong background in design, user experience, and a passion for creativity. She holds a BA degree in Advertising and Art.

Jessica Fix

Franchise Contract and Office Administrator

Jessica Fix is the Franchise Contracts and Office Administrator for NTY Franchise Company. She started with the company in January of 2018. Jessica works alongside the Franchise Development Team and provides office support to the headquarter office. She has 20 years in the franchise industry, previously working for Carlson Leisure Group/Travel Leaders Franchise Group in a variety of roles, such as Database Coordinator, Legal Contract Administrator, and Executive Assistant to the Franchise Sales Team.