Definition
Point-of-sale systems are software that have evolved to help you run your business efficiently. They can be time-saving and allow you to focus on things that are more important, like getting customers in the door.
In the room
How the word shows up in a real conversation.
In a Monday review, someone writes Point of sale (POS) on the board and restates it: “System where customers make payments for goods and services.” The next move is a test, a cut, or a double-down — not another debate about the word.
Common mistake
Using Point of sale (POS) as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Plan of action
Detailed strategy outlining specific steps and activities needed to achieve business objectives and goals.
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Plan of reorganization
Legal document outlining how a bankrupt company will restructure its operations.
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Portfolio
Collection of investments or projects managed by an individual or organization.
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Positive net present value
Investment that generates more value than its initial cost.
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