If you are like most business owners, you are striving to do things better this year. You want to make more money, you want more bottom line profits and I can also probably guess you want all this and more without having to work longer hours, with less overwhelm and zero headaches.
So how do you build a more efficient and consistent business? Well, the answer to that question is quite simple. It’s about doing the right things in the right order and taking consistent daily action.
PROFESSIONAL ANSWERS TO QUESTIONS FROM OUR READERS
I am looking at buying a mobile franchise and borrowing all the money I need to get in. Is that a good idea?
My recommendation is to have at least 50 per cent in cash, and not to borrow more than 50 per cent. The reason for this is simple. Let me give you an example.
Welcome aboard your flight towards being a franchisee. Before we take off, we’d like to point out the safety features of this opportunity…
Some franchise systems require their franchisees to work in a shop or an office and employ staff or engage contractors. Some franchise systems require their franchisees to work from home or from a van, often on their own or with another person.
I call them solo-zees: franchisees who work predominately on their own.
Over the past 30 years in retail, I have opened, closed, moved or refitted over 50 stores. In doing so, I've looked at and analysed thousands of site opportunities.
Retailplanners, a company that assists its clients to maximise their return on inventory investment and selling space, recently completed a major project for a client who is a member of a large buying group.
There is a breed of humans that are referred to as 'retailers'. This term describes a certain person that who just gets what retail is about and understands what it takes to be successful. A retailer is normally passionately obsessive about the customer, understands that it is a lot of little things that makes their retail business successful, and they are normally really, really hard workers.
In the advertising and marketing world, there is a level of apprehension in regards to the trustworthtiness of marketing professionals. I think this stems from the fack that some marketing experts are inclined to make unsutstantiated promises in order to get a sale of a particular advertising package. They make promises as to how many leads will be generated and sales that will be made as a result of these leads.
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