Laundromat Expert Discusses: What Is The Future Of The Laundry Business?Jan 07, 2014 // Terry Dates
This question is frequently asked during our Monthly workshops, as well as in consultations with investors. I apologetically answer this question in a matter of fact, traditional manner. “The vended laundry business has been around for close to a century and every person on earth washes their cloths”. But a better answer is this: Today, the life we live is very different than that of even a decade ago. How we communicate is changed forever. The way we work, earn a living, play, learn has all also changed. So the question is a fair one and deserves a better look.
The answer is that success lies in the control of the Laundry Operator who is willing to address the questions and make the modifications to better service today’s service conscious customers. For those that pay attention and take action the future looks better than ever. R
Asking A Simple Question Can Help Your Business Stand OutJan 06, 2014 // Terry Dates
Can you believe the holidays are right around the corner?
It’s amazing how fast time flies.
At this time of year, a lot of businesses crank up their marketing so they can end the year on a high note.
That means you and I will be getting bombarded (more than usual) with special offers, sales, and “you gotta have it now” stuff.
I don’t have any problem with sales offers. All of us are in the business of sales.
But most of those offers get lost in a sea of sameness.
You see, it’s important to stand out if you want to make the sale. So you have to know what makes your business different from the rest of the pack.
Take a quick two minutes to watch this video and learn two simple words you can use to help your business be the front runner.
Christmas – Quote of the WeekDec 30, 2013 // Terry Dates
Happy, happy Christmas, that can win us back to the delusions of our childhood days, recall to the old man the pleasures of his youth, and transport the traveler back to his own fireside and quiet home!
That was a nice festive quote from the Charles Dickens novel The Pickwick Papers.
From all the authors involved in the Small Business Blog this year we wish you a very happy Christmas and a peaceful New Year.
Is Your Small Business Idea Well Planned Out?Dec 25, 2013 // Terry Dates
Owning your own small business is one of the most rewarding experiences in life, but it can also be one of the most stressful if you don’t have a plan in place.
With more and more entrepreneurs starting businesses only to watch them fail, preparation is a major must.
So, with small business success in mind, here are just a few ways to start your small business off on the right foot:
Small Business Stats
Knowing the facts before you embark on your small business journey is always helpful, which is exactly where statistics come into play.
According to the Small Business Administration Office of Advocacy, more than 500,000 small businesses are started each month in the United States.
Of those small businesses, a quarter survive at least 5 years, and another quarter make it to the 10-year mark, and a little under a quarter reach the 15-year mark or more.
Choosing The Best Motel For Sale: A Guide For Motel Business BuyersDec 12, 2013 // Terry Dates
When you are looking to buy a motel, you must do your due diligence.
As you know, not all businesses are worth what the owner is asking so it is important that you one, know what makes a good motel and two, understand how it should be priced.
Going into the transaction knowing the difference between a great opportunity and an ok opportunity could make a big difference in your bank account so here’s what you need to know to choose the best motel for sale.
Hotel vs. Mo
Ignore The Naysayers – Do It AnywayDec 04, 2013 // Terry Dates
One thing I have found to be universally true about starting and running a small business, is that there are plenty of people who will tell you things cant be done. Or that you are on a dead end road. Or that you are wasting your time because there is too much competition.
Well, heres what I think about that
Post by Small Business Cash Flow.
Christmas for EntrepreneursNov 28, 2013 // Terry Dates
Depending on their line of work, the festive period can either be the quietest or the busiest time of year for an entrepreneur.
If your business primarily serves as a supplier to other businesses that shut down during the holidays, youll not have much choice but to also close your business too. Thats not usually a problem, in fact it is ideal for anyone with a family to look after as it means they are able to concentrate on making it a special day for everyone.
But if you own a physical bricks and mortar store then it is likely that this time of year is utterly hectic. You will have more foot traffic coming into the store than at any other time in the entire year and there will be no respite for you in the days after Christmas because people will expect your business to be open and for you to have special sales for the occasion.
Does that sound like your business?