and try to do all these other services, i think what mike and the team did for her is bet her back to basics, focus on what you are good the, and the ability to do a restart which is what she did as she focussed in her business. many times you see businesses don t have that opportunity. they expand and they can t make it happen. go out of business. this is one of the rare moments you are able to take a restart and do what do what you are good at and focus on that business. and it is not necessarily expensive. i mean, designing a logo does not have to be expensive. you could go hire a team and go online and get logos done for you. yes. the biggest thing is the 80/20 rule applies. 80% of revenue bringing in from 20% of the business. not expensive to make the changes. by cutting off the things that weren t making money she availed more time to make more money. like what? interior design. she would go to people s homes. that takes so much time and not making money. focus more.
jane carroll, small business owner that needed our help. when we visited her coffee house and flower shop we saw firsthand easy fixes to spruce up her business. now it is time to check back in with jane to see how she is doing and how our rescue team is helping get her business back on track. a week had gone by. the weather hopefully indicative of what s going on in there. i want to check in how she did on her homework and i m bringing in some experts too. let s see how she is doing. first. first stop, jane s celebrity wall. your wall of shame turned into a wall of fame. i love you positioned it in the main dining area. coming in, i heard a couple, overheard a couple talking about your oprah feature. it is already working. next up, the leave behind. you told me to create a takeaway that would reflect what i do. so people remember their experience here. i thought what better way than a
it was difficult to provide bonuses at that time, so we traded in all of our points from our business credit cards for gift cards for our employees, and they really appreciate them. to learn more about today s show, just click on our website. it s openforum.com/yourbusiness. you ll find all of today s segments, plus web-exclusive content with more information to help your business grow. and don t forget to become a fan of the show on facebook. we love getting your feedback. you can also follow us on twitter. it s @msnbcyourbiz. next week, a musical version of your business. we ll learn some marketing lessons from the grateful dead, small business advice from singer and avocado farmer jason mraz, and follow the widow of the owner of new york village vanguard as she carries on her husband s business legacy. until then, i m jj ramberg, and remember, we make your
your team and everything you got to do. do you find yourself spending hours building and maintaining spread sheets? if so, our website of the week can help you simplify things. it provides services to help you track your company s cash flow. the site s downloadable dashboard integrates all of your accounts and updates in real time as money comes in and out of yurs business. it offers a free trial for under 50 transactions a night and a $29.95 monthly plan for small businesses. it s time to answer some of your business questions. mike and michael are with us once again. the first one is about gathering outside resources for your business. what is the most effective, economical way of recruiting advisers nationwide? how do you get advisers? if you re not going to get a convenie venture capitalist. there are third party folks