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Prior Business Experience Can Be Helpful When Starting a Small Business

We recently worked with a client who wanted to open a new restaurant. After several discussions, we learned that not only had she owned one restaurant but she had owned several restaurants in the past and had sold her last one in the late 90's. Would she still be considered a start up business? Maybe, because it had been quite some time since she last owned a restaurant but her prior Business Experience would help her significantly when applying for Small Business Financing, especially in today's tough economy.

List of small business ideas

If you are considering setting up in business and you are not sure what to do then how about a list of businesses you could begin - so here is a list of small business ideas: - An online business selling products using a drop-shipping company - like umbrellas or women's shoes or perhaps perfumes. - Become a plumber - even during a slow-down plumbers seem to be in demand and can earn significant sums. - Set up take away business selling pizzas or burgers - in a slow down these types of business always prosper, as people tend not to go to restaurants as much, but will still get a take away with a bottle of wine. You do have the option of setting up a franchise with this line of business, but you have to consider the fact that a per cent of your turnover will be taken by the franchisor.

Sagar Ratna to expand overseas via franchising
New Delhi-based Sagar Ratna Hospitalities, owners of Swagath and Sagar Ratna chain of restaurants, will venture into overseas markets in the coming years. The company has already identified franchisees in places like Bangkok, in the UAE and Canada. It is planning to set up around 250 outlets in overseas markets in the next five years, Hospitality Biz India has reported, citing its top official.

Lesson #1: “Take care of your people and they will take care of your customers.”
Marriott got to where he did in the business world by relying on a strong team of colleagues and employees around him. He rose through the ranks by focusing on honing his managerial skills, by ensuring that he was building the best possible team around him.

Bonafide Restaurant Critic: Hines Takes Food to a New Level
"Adventures in Good Eating" proved to be a tremendous success for the first-time self-published Hines. Restaurants that he had listed began hanging signs in their windows that read "Recommended by Duncan Hines," and he became a much sought after reviewer across the country. Indeed, being recommended by Duncan Hines was the highest compliment a restaurant could receive.

Lesson #5: Try and Try Again
“I learned more from the one restaurant that didn’t work than from all the ones that were successes,” says Puck.

The Recipe for Success: How Puck Struck Gold

When Puck was asked what he would most like to be remembered for, he answered, “For passing on my knowledge on to a lot of younger people. I think that that’s really the most important thing at the end of the day.” By the time Puck’s career comes to an end, he will have indeed left a rich legacy of not only gourmet cuisine, but also strong entrepreneurial lessons. He has become one of the most successful immigrants of the 20th century whose restaurants today typically receive over 3,000 reservation requests on a daily basis. What were the factors that led to his astonishing success?

Lesson #4: Discipline Yourself So Your Customers Do Not Have To
“Discipline yourself, become hard on yourself,” says Ramsay. “I’ve never had dinner in my own restaurant. I’ve never sat and had a glass of champagne with customers. Don’t indulge yourself in your business – treat it as a business.”

Lesson #3: You Do Not Need to Be a Pro to See Your Business Grow
“My first vivid memory is watching mom in a restaurant kitchen,” recalls Ray. “She was flipping something with a spatula. I tried to copy her and ended up grilling my right thumb. I was three or four.”

Lesson #3: Put Yourself in Your Customers’ Shoes

Hindsight is 20/20. Looking back on the success – or lack thereof – of his first Subway store, DeLuca acknowledges that his biggest mistake was its “crummy location. In February, the store was doing so bad that we were thinking of closing up.” But together with his partner, Buck, the pair decided to try something even more eccentric: they decided to open up a second store. “We talked ourselves into building the second store,” says DeLuca.

Lesson #4: A Great Businessman is Only as Great as His Vision

What is the difference between an average point guard and a great point guard? According to Johnson, it all lies in the vision. Great point guards see the court differently than everyone else. They envision where they need to go and how they are going to get there before they even touch the ball. Johnson, unarguably one of basketball’s greatest point guards ever, used that very same vision in crossing over to the business world.

Lesson #2: “Great companies are built by people who never stop thinking about ways to improve the business.”
Marriott was born into a household poor enough to know that success is never final. No matter how hard he worked, or how much he wanted something to work, the only thing Marriott could be assured of was that change was going to come. To that end, Marriott learned early on how to use that change to his advantage. He did it by focusing on innovation.

J. Willard Marriott Quotes
J. Willard Marriott Quotes

Lesson #4: Know Your Opportunities - and Your Limits
Entrepreneurship begins with a dream, and it means having the courage to follow through on that dream. But the danger that lurks for ambitious entrepreneurs is in not knowing how far to take that dream, and when it is time to call it quits.

Lesson #2: Make Your Marketing Over Easy
It was not only his eggs that Hines liked done over easy, it was his marketing too. Much like the restaurants with simple home-made recipes that he favoured over the ones that tried too hard to do too much and fell short, Hines preferred to keep his marketing strategy simple, starting small, and working his way up.

Duncan Hines Quotes
Duncan Hines Quotes

Shortcuts that aren't so short
The cab drivers in my little village are an angry and bored lot.

Advice For New Real Estate Agents
The following question was submitted to "Ask Donald Trump" by Helen G.: I am really feeling at a loss as new agent in real estate. I have not been able to land one deal and am not sure if it’s me or what it is, for the most part. I don’t have the right people around, everyone claims they have already bought. Am I that late in the game?

Franchises that Occupy a Unique Niche in the Marketplace-and in Consumers' Minds- Flourish

From fast food concepts to eco-friendly businesses, franchises that occupy a unique niche in the marketplace are flourishing. By offering products and services that people are passionate about, franchises like Wienerschnitzel, the world's largest hot dog chain, and Go Green Planters, an eco-conscious specialty plant products franchise, attract a loyal customer base. For aspiring business owners, such franchise brands provide the chance to own a business that boasts a built-in devoted audience and a strong brand identity.

Le Sutra Hospitality mulls franchise expansion
The Bajaj Group of Hotels, branded under Le Sutra Hospitality, is planning to open hotels and restaurants across the nation in the next three to five years. The company is going to invest Rs 300-500 crore for these hotels and restaurants, which will be a mix of both company owned and franchised, confirms a company official.

10 Checklist for Restaurants to make your guests feel important
Diwali is a festival of diyas, candles, crackers and sweets. People eat-out at Restaurants with their friends and family. All these restaurants serves good food and offer a dine-in experience to pull crowd. But, have you ever wondered why a few of them are always jam-packed with guests?

There are always opportunities

These are not good times for retailers. The unemployment rate is very high, and those who have jobs are afraid of losing them.. The spending habits of people have changed and unless they get a good bargain, will think twice before opening up their pocketbooks. The morals of most of the people in my industry – retailers, tenant coordinators, architects, store planners, contractors, fixture vendors etc., seem to be at the lowest point since I have known them. These are people who at one time were extremely positive. Some are predicting that things will not get better till 2013 – the sense of impending doom is everywhere!!!!!! This is the very same reason I, on the other hand am extremely optimistic!! Granted, I don’t have a crystal ball to see the future, BUT, there are plenty of reasons to be upbeat about the future.

MLM Home Based Business Review
There are many types of Home Business Opportunities around to choose from...Some very lucrative, and some will just flat out leave you broke and in debt. Here are some fast and efficient ways to get into the work from home industry...

Excel in Customer Service. Do you Want to Keep or MAKE History?

Recently I had the opportunity to stay a few days in Philadelphia. While there, a group of us decided to have dinner at a unique, historical, tavern. The atmosphere was haunted by the steps of George Washington as his group sauntered outside after dinner while the band set up to play at the ball celebrating the signing of the Declaration of Independence. Everything surrounding us had been replicated in great detail. Time was even taken to create period costumes for our "servers" of the meal. They were intent on keeping history. We were so excited and awed to be able to mingle and chat in such an inspiring room---and then came the "yesbuts".

Is Any Publicity Good Publicity?

There's an old saying that goes something like this: "All publicity is good publicity, as long as they spell your name right." Frankly, as a marketing professional, I would pretty much agree with that. Publicity means visibility, which generates awareness that could lead to interest, which combined with the credibility that earned media endows, could very easily lead to sampling or a decision to buy. (Bear in mind that what looks like a long, convoluted path on paper actually takes only seconds to register in the minds of your customers, and then you have results!)

Personal finance software helps get rid of overspending syndrome

As a person who just started a new career, or got a promotion, handling new opportunities, including a higher salary can be somewhat hard. People start experiencing the symptoms of repetitive shopping strain and overspending syndrome, making purchases faster than sound, going out to restaurants more often than before, spending more on clothes, accessories, etc. After a few months, the cold reality sends a distinct signal – buddy, you spend more than you earn. If you keep on this way, you are going to be broke soon. Budgeting and a good personal finance program can be an effective panacea against the shopping syndrome. It may help you to enjoy the new opportunities coming from a new career path, while avoiding going massively into purchases.

Marketing Insensitive 2008

I first wrote about “Marketing Insensitives” a few years ago. At the time, I had received a call from a telemarketer offering me some “marketing insensitives” to purchase a product. Yes, she really said this. She was not being clever; she just couldn’t pronounce “incentive.” But, Marketing Insensitives do exist. They are the unfortunate, not-thought-through, ridiculous, dumb things that businesses do that drive customers away.

Retail Partnerships
Partnering with restaurants and other retailers can be a powerful way of driving traffic and loyalty.

5 Easy Ways to Upsell Your Products and Services

Are you leaving money on the table because you aren’t letting people know about your other products or services? If you own a small business, chances are the answer is yes! Because most small business owners and their employees have yet to master the art of the upsell. Maybe it’s that you don’t know how. Or maybe it’s that upselling (or even selling for that matter) makes you uncomfortable. If so this article is sure to change your mind and give you the tools you need to use totally non-pushy upsells to make your clients happier AND more money.

Sometimes the most common Promotional Products can be the most effective

Most companies are always pushing to do something new and different from their competitors and we find that many of our clients approach us for new and innovative promotional products. If the campaign suits a new and unique product then that it what we will definitely recommend. However, sometimes the most basic and 'boring' promotional products may be the most effective. Let's take Custom Printed Balloons as an example.

Yellow Pages - To Advertise or Not To Advertise

With so many other ways to access information today, it should be no surprise that the effectiveness of directory books such as the Yellow Pages is on the decline. However they still are a main source of information for visitors in a hotel room, or users of public telephone booths. Some older age demographics also prefer them to other alternatives. It is expected that we will continue to see these familiar yellow books around for approximately 10 more years. So whether they are right for you really comes down to knowing the search habits of your ideal clients.

Learn How Old Fashioned Networking Can Grow Your Home Business
Networking has been around a lot longer than the internet has. Could you imagine how difficult and different it was 20 years ago when people needed to get the word out about their home based business? Now there are many people who think the only way to network and promote their business is via the internet.

Chicken Filets Start Flying: Cathy Opens His Business
When Cathy’s brother was also discharged from the army in 1945, the two decided to go into business together. Then, a local restaurant franchiser offered them a deal they could not refuse: to set each of them up as a manager with one of her restaurants. They accepted.

Entrepreneurs - 7 Reasons Put Your Business On The Internet
You know you should really put your business on the internet, but are not sure why or even if it is worth the bother! Here are 7 reasons why your business should have a web site and why you should have a web site and work virtually over the internet.

The Successful Business Lunch - Perk or Purgatory?
A business lunch for a client is a devise to make your client feel valued, comfortable and wanted. It is often looked as a status symbol. A few things to remember are:

MAKING REQUESTS GRACIOUSLY

Much of my work focuses on encouraging people to acknowledge and harness the gifts and talents they already possess because I believe that kind of thinking leads to excellence and success. Part of acknowledging our strengths is making peace with our areas of weakness. This article teaches you how to graciously make requests of others in those situations where your own personal gifts, talents, time, money, etc. just aren’t enough to get the job done alone.

A Return to Luxury: Consumer Spending on Luxuries Rises, Spurring Growth for Many Businesses

After swearing off excessive spending and shunning frivolous purchases, consumers appear to be ready to indulge again and are treating themselves to the most splurge-worthy items. Recently released retail sales figures point to strong growth in the luxury goods sector. From luxury homes and vehicles, to high-end fashion apparel, upscale dining and modest luxuries like haircuts and gourmet coffee, people are once again partaking in products and services they’d forgone amid the economic downturn. With consumer spending on luxuries rising, the pent up demand that’s being unleashed is spurring economic growth and benefitting businesses; making this an ideal time to tap into the momentum and own a business that offers consumers sought-after luxuries.

The Clock Starts Ticking - How not to bomb out with waiting customers
If you ask your customers, “Do you feel more time-poor or money-poor,” the answer almost always is time-poor.

Do you need a 99¢ Chicken Sandwich?
How to make customers react positively to your business

Which Franchise is right for you How do you choose

HOW TO CHOOSE A FRANCHISE? Choosing a franchise that is right for you is one of the best actions you can take to ensure your business’s success. If you’ve already decided to buy into a franchise, the next step is to determine what franchise you want to buy. There are many different kinds of franchises, ranging from computer repair providers to video rental outlets to restaurants and everything in between. Before you start a franchise, you’ll have to decide what kind you want. A lot of thought and deliberation has to go into your decision, as choosing the right business for you can make or break your chances at success.

How to teach in 10 easy steps
Teaching is an imperative skill in running a successful business, whether you're an independent operator or a franchisee. Use these 10 easy steps to make yourself a better teacher, manager and business owner.

How to teach
This article lays out a simple step-by-step process to teach you how to teach others. Implement this procedure to make your training programs the best they can be.

The biggest mistakes restaurants make, and why they have a high failure rate
This is one of the most important articles I've written. It's a list on the biggest reasons for failure in the restaurant industry. While there are certainly other issues that can lead to failure, these are the most common.

The difference between a "reason" and an "excuse"
There's a million and one reasons for failure in the restaurant, or any other, business. I've heard them all, I just don't believe them all. Find out how taking accountability for your role in preventing problems in your restaurant can create the accountability necessary to compete with the chains, or to create a successful franchise of your own, by reading this article.

"Anything worth doing, is worth paying someone else to do."
Creating a system that manages itself is the key to working "ON" your business instead of "IN" your business. Systems are the backbone of succcessful franchises. Find out why the quote in the title of this article is true by reading on.

Don't give your customers what you want
Here's something that successful franchise concepts know that you may not. You don't get rich in the restaurant game by giving people what you think is great. There's more important things than "your idea of great" to consider if you want to build a business people will stand in line to enter. Read more about them in this article.

Systems for Extraordinary Success
If you are not getting the results you desire, take a close look at your systems. If you need help, consider hiring a coach. Success is no accident! It is the logical, predictable result of doing certain things in a certain way, over and over again.

Find a Need and Fill It
If you want to increase sales and grow your bottom line, find something your audience wants and serve them better than anyone else in town. The key to success? It's simple: Find a need and fill it.

The Price Is Right
The price is right if you don't have to lower it in order to get the business. Learn new pricing strategies you can use to grow your business.

Addicted To The Apprentice Already And What A Mess!
Be warned – this posting reveals who has been ‘fired’ from the first episode and the rest of the post is only my observation and opinion based upon 60 minutes of edited TV, nothing more. Sir Alan Sugar with his two glum looking sidekicks are one side of the desk and 16 cocky looking candidates, the other, and the show begins. The Apprentice UK has started.

Garber on Business: Taking clients out for dinner
Periodically, one has to make a good impression that involves restaurant dining. Your best -- or potential -- clients will be more amenable to proposals once they are breaking bread with you. And the more polished a performance you can put in, the more without-a-hitch the evening goes should dispel any hesitation on the part of your guests.

Hotels and B & B's should be doing better on the web
How to promote your Hotel or B & B on the web. Let's stop publishing brochures and make it personal!

Lesson #1: Standards Are The Staple of Any Business
“When you start spreading yourself too thinly, you can fail to meet the same standards the second or third time round,” says Ramsay. “We've worked hard at this and now have 12 restaurants across the world.”

Customer Service in Japan
When travelling to Japan it is hard not to notice the politeness of the people, especially in the shops, malls, restaurants and other businesses. It is well worth a look at how and why they seem to have or at least present perfect customer service. We could learn a lot from them!

Restaurant Franchising
Franchising in restaurants is one of the biggest opportunities for someone looking to start their own business as a franchise.

From Bowling Green to Seeing Green: The Early Years of Duncan Hines
"I would like to be food dictator of the U.S.A. just long enough to padlock two thirds of the places that call themselves cafes or restaurants."

Restaurant Marketing - Are $5 Promotions Killing Your Casual Dining Restaurant's Long-Term Profits?
Casual Dining Restaurants need to focus fast on offers which make money and enhance the brand instead of wild marketing campaigns...

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