As you start your store's business operations, look out for these common mistakes which lead to unnecessary costs or forgo potential sales.Under or OverstaffingIf you don't hire enough staff to handle the average volume of customers without causing unacceptable wait times, upon launch you will scramble to hire more staff. By increasing your staff capacity, you can make up for the lost sales of customers who balk (choose to walk away rather than...more
The Financial Analysis section of a restaurant business plan consists of pro forma (projected) financial statements for the business. Before creating these statements, consideration must be paid to these three key concepts: Capital ExpendituresLikely the most pertinent portion of the Financial Analysis section will be the statement of how much capital the restaurant will need in order start the venture. The trouble is that too conservative of a...more
Catering entrepreneurs make a number of mistakes in their business. The results range from company failure to depressing revenues or increase costs dramatically. These are three mistakes that are specific to the catering business.Working in an Unlicensed KitchenIt is illegal to run a catering business out of just any kitchen, and certainly out of a home kitchen. While you may not run into trouble at first, or even for a long time, if someone should ever become sick from your food and you are sued, your insurance company can refuse to cover you if you were operating illegally. Furthermore, you could be shut down by the local health department at any time for working out of an unlicensed kitchen. For an aspect of your business that is so key to its success, make sure that you take every step to operate on the up and up.Ignoring the Private/Corporate BalanceIf you choose to serve only individuals or only businesses, you may simplify your marketing and save on some expenses in the short term. However, you will find at some point that you are missing out on business that will help your kitchen remain utilized more often if you serve only one of these markets. By balancing service to...more
Starting a photo studio entails the creation of a business plan to sell the idea to lenders, investors, and other types of partners. Three key choices that you must make within this plan are the design of your space, your equipment needs, and the division of labor.Studio DesignAlthough the design of your space may be somewhat constrained by the...more
To start a bar business you have to think hard about the management team, write a compelling business plan, and find the required funding. Management Team Who will be the management of your bar from its planning and launch phase to its regular operations? If you do not have all of the needed skills or experience, consider whether you can hire...more
(1888PressRelease) BH Publishing LLC owner, William C. Holm, announced today that their flagship website, Your World Outdoors.Com will down-size and refocus its target market. BH Publishing will also be starting up a new niche website catering to wilderness campers.Minneapolis-St. Paul, MN-WI - Publisher & Editor, William C. Holm, announced today that their website, Your World Outdoors.Com will undergo a through redesign to bring it into line with current e-commerce realities by down-sizing and refocusing its target market. BH Publishing will also be starting up a new niche website catering to die-hard campers and to the survivalist community.In announcing the major restructuring of its YWO website, Mr. Holm stated, Initially we were attempting to reach the general outdoor on-line community, however, after three years we realized that our target area was too broad. Now we will be focusing on two distinct outdoor audiences. Our main website, Your World Outdoors.Com, will be chiefly devoted to Outdoor Books, Magazines, and Nature Photography. A new companion website, Your World Outdoors.Us, highlights the latest in wilderness camping & survival gear for the rugged outdoors person....more
Author: rickyAre you wondering why your house does not get a closer look? Are you tired of seeing your house lose out on precious dollar value which it cannot seem to gain despite the reconstruction of real estate prices? Well, one of the major...more
Many businesses out there are very professional. They have professional dress codes. They want to present an image and not have the general public think they are just some ordinary company. Say you want to relax the dress code for a day, maybe...more
An LLP or a Limited Liability Partnership is quite comparable to a standard partnership except that the individual members have lower or limited liabilities to any debts that arise from the running of the business. In a nutshell, LLP offers the...more
There are many banks out there and if you have a business, you want to make sure the one you choose offers the best business banking. What constitutes the best business banking and how do you find out which bank is the absolute best for your business...more
In order to arrive at the best possible solution when it comes to shipping cases, custom cases and other durable packaging designs, understanding the basics about the types of constructions that are used can help a lot. These days, many different...more
Web directories are a popular way of finding required service providers online. These have widely been used for buying and selling products and services since a long time. Web directories are broadly classified into two categories namely:General...more