Franchising 101: What is an Area Developer?
As more and more franchises move toward multi-unit growth, area developer franchisees are also becoming more popular. If you’re looking for multi-unit franchise opportunities, you might consider area development. Here’s How It Works Area developers are similar to multi-unit operators except they commit to opening a greater number of units encompassing a larger territorial area…
Read MoreHow to Launch a Warehouse Management Business
The success of shared office spaces in recent years has spawned similar business models in other industries, as well. There are a number of businesses today offering shared spaces for stylists, attorneys and accountants, just to name a few. One industry where shared space is extremely common is warehousing. The reason shared warehouses are so…
Read More3 Financial Statements Companies Need to Understand
There are three financial statements that every company needs to understand, review and produce, on an annual basis, at a minimum. These consist of the Profit and Loss statement (P&L), Balance Sheet (BASH) and the Cash Flow statement. The profit and loss statement, also commonly known as the income statement, shows the changes in the…
Read MoreGoing to Collections: A Big Step with Big Benefits
When working with customers, we want to do everything possible to maintain positive relationships and provide quality customer service, whether that means creating personal connections, responding promptly to inquiries, or using data to determine how to best meet their needs. Unfortunately, sometimes our efforts to work well with customers don’t always yield the desired results,…
Read MoreNon-Profit Texting: This is Creative!
Just the other day I was introduced to an East Coast non-profit providing year-round licensed childcare. They are a paid up customer and using text messaging in a very creative way. Unfortunately, we weren’t able to get permission for me to use their name or logo… BUT they were using our texting service in such…
Read MoreShould You Pay for Social Media Ads?
This is an important question for small-midsized businesses and nonprofits* with limited marketing budgets. Are paid social media ads worth the investment? According to an article on Medium by Shivam Verma, there are seven benefits to using paid social media advertising: Amplify your reach Fit any budget Enhance your targeting Boost brand awareness Maximize your content marketing…
Read MoreHow the Digital Supply Chain Will Change the Future of Manufacturing
A transformation of manufacturing supply chains is ushering in the fourth modality of logistics. To ground, air, and ocean, manufacturers can now add digital. The move to the digital supply chain—the power source for Industry 4.0—creates multiple opportunities for every company in every industry. But every revolution needs exemplars to help lead the way, and…
Read MoreEverything in Sales is Dead, Long Live Sales and Selling!
It’s tedious, every day a scroll through my various news feeds, there are any number of articles declaring the death of something in sales, or sales itself. Cold calling is dead Social selling is dead ROI is dead SaaS selling is dead The telephone is dead Email is dead CRM is dead The selling process…
Read MoreThink Ahead When Raising Your Early Investments
Some businesses just can’t fit within the angel capital or friends and family model for raising funds. Sooner or later you may need to seek venture capital and accommodate the needs of the venture community in negotiating the terms of an investment. What VC’s can and cannot do First, VC’s in general cannot invest in ‘S’…
Read MoreWhy Did I Receive a Payroll Tax Notice?
Letters from the IRS are never fun. What makes it worse is not knowing why you got one in the first place. When it comes to payroll tax payments and potential fees, you want to get to the heart of the issue ASAP. But first, take a deep breath… It’s likely that you missed a simple…
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