Category Archives for "Growth"

A discussion of “Today’s Entrepreneur”.

Entrepreneurship , Growth , Operations , Refine , Start-up

Today’s Entrepreneur emphasizes the importance of understanding your customer, building a strong team, and creating a remarkable business model. Sorge advocates for a customer-centric approach, utilizing social media and other engagement techniques to cultivate relationships and loyalty. The book provides practical advice on business planning, financing, and scaling, with a focus on systemization and consistent product delivery. Ultimately, it encourages readers to develop a mindset of continuous creation and growth, fueled by passion and a desire for constant improvement.

Get comfy and enjoy a quick listen!

Q&A – You’re facing fierce competition in a crowded market. How can you stand out from your rivals?

Growth , Guest Retention

I’ve spent my working (and personal) life in the hyper-competitive restaurant industry. My most successful tactic to stand out among heavy competition involved incentivizing my existing customers to bring in new guests…their friends. I would reward them on their next visit and allow them to “host” their friend’s first meal at my restaurant. They really loved how that made them look like a big shot. 🙂

How could you make this concept work for your business? Step one is making sure you’ve got your customers preferred contact info.

Q & A – Management Agreement

Growth , Refine

Question: I’m selling my restaurant to my 2 daughters that have been working there for the last 15 years. I need a managers agreement form to get us through until the liquor license transfer is approved. Anyone know a where I can find this would be very much appreciated.

Answer: A boiler plate agreement may not do the deed, but a truster business attorney could sit with the three of you and write something up in plain language that would protect you all for just a couple hundred bucks. I’m quite certain.

-Joe