Elie Y. Katz Talks NRS Innovations for Small Retail Success

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About the Guest(s):

Elie Y. Katz is the President and CEO of National Retail Solutions (NRS). Seven years ago, Elie brought his extensive experience from various industries to establish NRS, focusing on empowering independent retailers with essential business tools. His past involvement includes managing multiple real estate investments and food establishments. Under his leadership, NRS has grown to service close to 30,000 independent retailers across the U.S. with a robust ecosystem of point-of-sale networks and credit card processing solutions. Elie's vision revolves around providing cutting-edge technology to small businesses to help them compete against larger corporate entities.

Episode Summary:

In this episode of The Chris Voss Show, host Chris Voss welcomes back Elie Y. Katz, the dynamic President and CEO of National Retail Solutions (NRS). They explore the transformative impact of technology on small businesses and how NRS is spearheading innovations for independent retailers. Elie shares insights from his vast experience in creating tools that allow small businesses to thrive in a competitive market dominated by major retailers. Together, Chris and Elie delve into NRS's mission to support these businesses with state-of-the-art solutions.

This episode takes a deep dive into the world of retail solutions, highlighting how NRS's products and services are game-changers for small retailers. With a focus on enhancing efficiency and profitability, Elie discusses NRS's wide array of offerings, from point-of-sale systems tailored for various industries to innovative credit card processing services. The conversation also touches on the importance of adopting technology to meet modern business challenges, the role of AI in improving operational efficiency, and exciting future expansions. Chris and Elie make a compelling case for why technology is indispensable for the growth of small businesses in today's economy.

Key Takeaways:

Empowering Small Retailers: National Retail Solutions offers an extensive range of tools, including point-of-sale systems and credit card processing, aimed at enhancing the operational efficiencies of small, independent retailers.

AI and Technology Integration: NRS is integrating AI to assist retailers with product pricing and inventory management, ensuring they remain competitive and informed.

Safety and Security: NRS has developed a patented panic alarm feature in their POS systems, which can silently alert authorities during emergencies, thus improving store safety.

Expansion and Growth: NRS plans to expand its offerings into the restaurant industry while also aiming at serving international markets, leveraging its technology-backed solutions.

Community Impact: Elie Katz emphasizes NRS’s commitment to helping small business owners succeed, highlighting the entrepreneurial spirit that fuels independent retailers.

Notable Quotes:

"Our point of sale register is the brain. It has all the items… and it's ready to go."

"Technology rules the roost… if we don't embrace the technology change, then you better embrace the fact that you may be out of business soon."

"With our point of sale register, you're standing there… and that's why these brands love us."

"We are gonna be hot and heavy going into the restaurant point of sale register business."

"I know the struggles… it makes me proud to help business owners be successful with their business."