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To the business, not me. so, you know, that was something that i really learned from it that was very valued. there s not one perfect formula for managing a successful restaurant. but there are some clear ways to increase your profits. here now are five management tips for restaurant owners kurtcy of ink.com. number one, stay close to your staff. ask them so help with brain storming ideas and listen to their opinions. two, focus on your guests moods. make it your priority to do whatever it takes to make every diner leave your restaurant happier than when they came in. number three, make sure you have room to expand. pay attention to local building codes and zoning laws. not doing so could be a costly mistake down the road. four, push yourself to understand your profit and loss. good food anded a atmosphere does not equal a successful restaurant. the business side is equally important. so make sure you spend just as ....
You re just determined to win the business, you win it. you ve got a product that s going to blow away the competition, let them have it for free. any business can do this. my dad was an electrician. and he would go to businesses, and say, you know what, i know you re worried about hiring me, so why don t you let me work a day, and if you don t like what i do, i will work for free. you don t have to pay me anything, and then it takes the risk out of the equation. and then he blows them away. does a great job. great customer service. and then they say, okay, you know, this works for us. you know what, i like that better than discounting your service. say, okay, i will do it for less money than somebody else. it s a loss-making proposition for you. competition is very thick. and you know, eroding away your margins at the outset is not the way to play the strategy. one tool you can use to get your business story to more customers is creating your own online video. here now are fiv ....
Playgrounds and put them on your facebook page. a different one every single day and get the people who are taking advantage of and using the playgrounds to share with their friends. that s a great idea. i m excited. mike, we re going to have you back in a year from now so we can go back there and see how these guys are doing. i have faith in them. again, mike, thanks so much for all that great work. thank you. making mistakes while running a small business is inevitable. but some of those errors are avoidable. here are the five biggest financial mistakes businesses make courtesy of ink.com. hiring in advance of revenue. decide how many people to hire based on what money you actually have in the bank. borrowing money when it s not needed. just buzz a bank is willing to lend you money, doesn t mean you should accept it. borrowed money adds a huge burden to your business. pricing too low. it s almost always better to sell fewer units at higher ....
Every single day, get people who are actually, you know, taking advantage of and using playgrounds to share with friends. great idea. well, i m excited and mike, we re going have you back in a year from now, so we could go back and see how these guys are doing. i have faith in them, from watching this, and you do, too, from being there. mike, thanks so much for the great work. thank you. making mistakes while running a small business is inevitable but some errors are avoidable. the five biggest financial mistakes businesses make courtesy of ink.com. hiring in advance of revenue. decide how many people to hire based on what money you actually have in the bank. borrowing money when it s not needed. just because a bank is willing to lend you money doesn t mean you should accept it. borrowed money adds a huge burden to your business. pricing too low. it s almost always bettor sell fewer units at higher prices than sell more units at a lower ....
Chair of the new york city advisory board or astia, a group dedicated to increasing the role of female entrepreneurs. mike kaufman is editor of ink.com and deputy editor of inc. magazine. it s like a knife in your heart when you hear a story like this. it s fascinating really. you have a business idea and start talking aboutist to people. is the lesson don t talk about it? i don t think so. there are sort of two pieces to the story. one is like on a very human level. of course she feels betrayed, is shocked this happened. you can understand her personal sense of pain. on the business side, though, i think she did the right thing which is to be, to have perseverance and move forward and to refine her idea. one great thing about competition actually is that it gives the consumers in your space a lot of different options. they can start to make comparisons. she was able to come up with a totally different offering that people could discover and find valuable. you re a lawyer, je ....