Of the many decisions a retail store entrepreneur has to make, these three stand out as essential to the eventual success of the store.Store Layout DesignWhen designing the interior layout of the store, begin with consideration of the customer experience you would like to create. While some might say that the purpose of a store layout design is to maximize potential shelf space and the products that can be displayed, this may not be in the best...more
Creating the business plan for your spa is a great opportunity to look ahead past the pre-launch and fundraising phase, which is probably all you can think about at the moment. The operations plan requires an understanding of the key operations systems for your day spa. Whether they use software or paper checklists, these are operations systems you should cover. Sales and Fulfillment SystemYou should map out the sales and fulfillment process,...more
When opening your own coffee shop, think deeply about the specific neighborhood you are in and methods that might work for you to reach customers. Some of these may be methods other coffee shops, bars, and restaurants have used, and others may occur to you by thinking from the perspective of your customers. Here are two examples of common marketing methods to consider.Street VisibilitySince purchasing a cup of coffee, other beverage, or a snack at a coffee shop is often an impulse purchase, your street presence must be attractive and compelling to passersby. Your shop signage must display your business name clearly and leave no question about what you sell, whether through words or images (for example, image of a coffee mug). Sandwich boards posted on the sidewalk can add additional space to promote specific items or deals, but make sure to check the legality of where you can and cannot put items on the sidewalk. Likewise, make sure to check on the laws regulating banners or signs that jut out over the sidewalk. Permits from the city may be required for these.No matter what you choose, take care to make sure your exterior design is consistent and attractive. Using a professional...more
Quality assurance is an important element of the used car business, and your methods should be explained in your business plan. Used car dealers must be able to know that the cars they sell are sellable to keep a positive reputation in the community and to avoid any legal entanglements. Lemon LawsFirst, a used car dealer should know the so-called...more
Putting together your management team for your catering business requires you to take stock of where your expertise really lies. The skill sets and workloads required of the sales and operations aspects of the catering business are such you will probably need, at minimum, two managers to fill these roles. Consider which you will be and then how to...more
A business consultant launching his or her own business has the chance to choose the competition they will face by choosing the type of services they will offer. Whatever your choice, this information makes its way into the business plan in the competitive analysis section and must feature clear and thorough research on your competition. Small Business NeedsIt may be a good choice for you, as an independent consultant, to work with small businesses, applying your expertise from your formal education, big business experience, or previous consulting work, to this huge and under served market. Small businesses have the option of seeking general advice from many sources, often free-of-charge. These include both online resources at websites like the SBA or SCORE and physical resources at the local SBDC (Small Business Development Center). Small businesses can even receive free one-on-one mentoring and advisement from SCORE and SBDCs. To plan a successful business, it is highly advised to offer deeper consulting services than these free options so that you wont experience such pressure to keep your prices low from these competitors. By going beyond mentoring services to offer detailed...more
Author: Andrew RogersonBuying or selling a business is a major step for all entrepreneurs. It comes with obvious financial risk which everyone understands and prevents many would-be-entrepreneurs from starting their journey. However, an element...more
Author: TJ PhilpottThe real keys to success for an internet business have more to do with what can be found within the person then it does with any business plan or structure. Marketing on the internet successfully involves the ability to adapt to a...more
Author: Hannah OgdenThe river in Texas Hold’em is the last community of card. You will not see the river card unless you have a strong hand that is a favorite to win or you have a draw to a winning hand. Once the river card is turned over, you know...more
Author: Hannah OgdenWhat is split pots in Texas Hold’Em? When two players have the same hand, the most common hands, it comes down to a matter of kickers. When hands are the same like two pair versus two pair, it often just comes down to who has...more
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Nowadays internet is a great place, in internet things are constantly changing and adapting to suit the needs of publishers and visitors. Internet is also a great communication tool to share news and other related material. One such interesting...more