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Want to purchase this spreadsheet – for $39 save yourself hours of time. Krieger Analytics My name is Matt Krieger, and I am the founder of Krieger Analytics, a CFO advisory partner for small businesses and franchisors. I am also the owner and franchisor of a concept called Monkey Bizness, in Denver, Colorado. As a […]
PPP Loan Forgiveness Read More »
…and How to Adapt Let’s talk about habits. There is an excellent book for franchisors and small business owners to read to learn about their customers behaviors– The Power of Habit by Charles Duhigg. In the book, Duhigg explains, “Habits emerge because the brain is constantly looking for ways to save effort. In another word,
Three Ways Customers Might Change After COVID-19 Read More »
Though it is still unknown in many places when non-essential businesses will be given the go-ahead to reopen, that doesn’t mean that steps shouldn’t be taken now. If you are a restaurant or essential business, if you are planning on reopening “business as usual,” you will not be meeting expectations of most customers. Most franchisors
Creating a COVID-19 ReOpening Strategy Read More »
The rollout of the Paycheck Protection Program (PPP) could be described in different ways. I have heard from many, and their experiences have been vastly different. Even within franchise systems, owners have had vastly different experiences depending on if they have a banking relationship and who it is with. As we sit here today, there
Thoughts, Frustrations, and Strategies for Week 3 of PPP Read More »
Hopefully most of my readers have been able to successfully participate in the Payroll Protection Program and/or the Economic Injury Disaster Loan Program for the SBA. As those funds start to arrive in the next couple of weeks, it is important to have a plan to use those funds and identify any upcoming shortfalls so
COVID-19 Cash Flow Forecasting Read More »
In my effort to keep franchisors and other small business owners informed about strategies to work through the COVID-19 crisis, I did another video on the Paycheck Protection Program application process. While the process is straight forward, the calculation of payroll costs and full-time employees is critical. This video walks through both of those calculations
Paycheck Protection Program Application Process Read More »
This past week was filled with news stories about Congress debating and eventually passing the Coronavirus Aid, Relief, and Economic Security Act (“CARES”). The details emerging through the news this past week changed daily, which left small business owners somewhat influx. The bill passed on Friday and the final details are now known (for the
The CARES Act for Franchisors Read More »
If you think you are alone in trying to figure out how to navigate your small business of Franchise brand through the COVID-19 crisis, think again. With estimates that unemployment may reach 30% by the end of April, evidence abounds that the crisis is real for all small businesses. Below is a 18-minute video that
COVID-19 and Franchisors Read More »
When I purchased Monkey Bizness Franchising in December 2015, I thought I was only purchasing a business that franchised indoor active kids play centers. Little did I know the number of friends I was acquiring with the business……after buying a business, everyone wants to be your friend. There is no shortage of people that want
Strategies and Costs of Franchise Development Read More »
I was sitting in a local chamber of commerce meeting this past February where the discussion topic was how to attract more young employees into the workforce. The businesses in this local community were having a particularly hard time finding people to fill all of the hourly wage jobs available. At the end of every
Flowers and Profits – How One Small Business Owner Manages Through His Bank Account Read More »
