Your franchisor isn't helping out, huh? What kind of feedback have you gotten from them? Do they have a dedicated franchise success executive? Or a franchisee council to draw experience from? Your long term strategy is to raise the guest check average for each visit, and increase the frequency ...
I do similar work. I don't always find that inbound startups and founders know as much about how to really do an "MVP" as their using the language of Lean Startup would suggest. There are certain pockets in major startup markets that do understand the language, but in those cases you're more like...
Dilip was very kind in his response. My answer might be a bit on the "tough love" side. But that's for you to decide. My intention, just for the record, is to help you (and those like you) on your path to success. And that starts with having a viable philosophy about entrepreneurial-ism and busin...
Hi, this is Ann, a business coach for small entrepreneurs. Your situation is no longer related to "small business". Instead, you are in the phase of "extension". Hence, I would recommend you contact some outstanding performance coaches. Again, OUTSTANDING performance coaches! If you expect to be...
First define "successful" and make sure others would see it as the same. If growth is stagnating, that's not what success looks like in an app. The only way you have a chance at selling it at anything above "fire sale prices" is you can say that you have enough actively engaged users, which i...
Twitter is actually a great prospecting tool, and these are people you should absolutely be engaging with as a brand. The key is to engage without coming off as spammy. Instead of "Buy our product now to solve your issue", try something friendly like, "Hey XYZ! We'd love to help you [solve proble...
You can do this! "Act boldly and unseen forces will come to your aid." I have held a number of C level positions in the past, each of which was for the first time. I made a lot of mistakes but learned very quickly. I'll never forget attending my first corporate board meeting as the CEO of the co...
It will surely depends on where you are located. In Canada, you can ask the 2 employees/contractors to provide you a bill like any company does when they sell services to customers and you can pay them by check. The employee/contractor would need to be registered as a company (incorported or regi...
When taking on employees you have to be mindful of state labor laws. If they are sales people working on commission only then you might get away with this form of payment. However if they are providing you skilled labor then you maybe required to pay them minimum wage. The bigger question should...
In this business environment, a “corporate buyer” will be looking at your net income and value you based on a multiple of such. For example if the company generated $500,000 but only earned $75,000, you may be looking at a value of $200-$300,000 from a corporate buyer. It also depends on whether ...