A Primer on the Employee Retention Credit
The Employee Retention Credit is a huge opportunity for small business owners. The problem is no one knows about it.
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Accounting Strategies For Small Business
Take ideas and strategies that you think might only apply to bigger companies, and relate them to small businesses.
Payment Protection Plan Round 2
Congress released text for the second stimulus bill today. Hopefully, the bill will be voted on (and passed) in the next day or two. The bill is full of several items that impact small businesses. I won’t cover all of them in detail here. I will cover those that you should be aware of and
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How to Sell Your Franchise During a Crisis
Shelley Bosio opened up her small donut shop in Littleton, Colorado, in May for the first time since closing in late March. Donuts are not typically a high volume delivery item that can be sold through UberEats, so delivery was not going to work for her business. During the first two weeks of the shutdown
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Thrive in the New Normal with Lessons from the Past
As most small business and franchise owners emerge from quarantine, multiple questions hang in the air. What does the future hold next? When will consumers feel comfortable again? When will we get back to “normal”? Early indications from China and other countries that have “reopened” are that consumers will be slow to come out as
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Those changes to your business you want to make – now is the time!
I’ve talked with enough business owners to know most have things they would change. I am not talking about small stuff like plastic silverware versus metal silverware. Most owners I talk with say they have established some “norms” with customers or employees that are hard to change. In today’s environment, customers and employees are expecting
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Using Creativity and Brainstorming as a Strategy for Recovery
Businesses and franchisors that successfully emerge from the COVID-19 will need to rely on creativity. As an outsourced CFO, I have been working with franchise concepts and business owners on strategies to come out of the COVID-19 crisis. The ability to be creative and problem solve is the most crucial factor in developing a plan.
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Marketing Strategies During COVID-19
As rumblings continue about how the economy will emerge from the COVID-19 crisis, I reached out to Kim Shepheard, President of Shepheard Marketing. Kim and I have been working together for years now. Kim’s a trusted advisor for my franchise, Monkey Bizness. She has been working in the franchise industry for the past five years
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Climbing Out – What will it look like after COVID-19?
There have been glimmers of hope this past week. While the country is still embroiled in the COVID-19 crisis, a discussion is starting about when and how we emerge. For a futuristic person like me, this has been a welcomed dialogue. Before diving into specific business strategies, I think it is essential to start putting
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The Power of Customer Data – Three Considerations for Finding Your System
When I took over Monkey Bizness Franchising, an indoor kids’ play concept, in 2015, I asked our franchisees a question, “How many times do you think our average customer comes each year?”. We had four franchisees at the time and I got for different answers ranging from 6 to “I have no idea”. We had
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Young and New Franchisors Should Crunch the Numbers on Online Ordering
While ordering food online through apps such as Grubhub or Uber Eats has only been around for a few years, it has made a huge impact. That impact will only continue to grow, especially for franchisors. According to a survey from orderTalk, 79% of Millennials ordered food last year via an app or a website.
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