Posts Tagged With ‘ small business ’

In today’s ever-evolving business landscape, expansion is often the key to growth and sustainability. For your business, it might be time to explore new horizons and diversify your revenue streams. This blog will delve into three crucial points on successfully entering a new market. 1. Market Research is Key Expanding into a new market requires meticulous research. While you may be an expert in your current market, tapping into a new one demands fresh insights. Start by understanding the demographics and behaviors of your target audience. Who are your potential customers? What are their... Continue Reading

I once lost my wallet, phone and keys when upside down on a roller-coaster This is a reprint of a classic blog that I wrote in May 2020 when I first started my company Shiageto Consulting. Enjoy! In this series, I share with you some of the key learnings I have had from my first 6 months of launching my first start-up (Shiageto Consulting) and how those lessons are applicable for the challenges my business is facing during this pandemic crisis (and any business at any time in fact) The initial challenge “I love running my own startup but at the same time I hate running my own startup.” When... Continue Reading

In the world of business, progress is often synonymous with evolution. Just as nature goes through cycles of growth, so too must our enterprises undergo transformations to stay relevant and profitable. One of the most effective ways to initiate this transformative process is by metaphorically “cleaning house.” By reassessing, decluttering, and streamlining your business operations, you can unlock the potential for fresh opportunities to flourish. In this blog, we’ll delve into three compelling points that illustrate how cleaning house can lead to exciting new horizons for your... Continue Reading

Selling a business is a significant milestone that demands careful planning and preparation. While many entrepreneurs only consider getting their business sale-ready when they are ready to exit, it is essential to start this process years in advance. Taking proactive steps to enhance the value and marketability of your business can lead to a smoother and more profitable sale. In this blog, we will explore three crucial reasons why preparing your business for sale long before you actually want to sell it is a strategic move. Maximize Business Value One of the most compelling reasons to prepare... Continue Reading

Your price is right when your customer buys your offer. The price is somewhere between the lowest price you are willing to accept and the highest price your customer is willing to pay for it. Getting to that price is a combination of a few things. This is best done with research and good old-fashioned, trial and error. Research is done by checking out the competition and understanding your buyer’s needs and priorities. Trial and error setting the price and seeing who buys. If you get a lot of buyers, slowly raise the prices. If you don’t get any buyers – lower the price. You might... Continue Reading

Owning and operating a bar is a delicate balance. You want to provide your customers with the best while keeping your business above water. Competition in the hospitality business is fierce. You need to differentiate while implementing standard best practices to be successful. Look over some of these practices so that you can make your bar more profitable. Expand the Menu Variety is the spice of life. The regulars at your bar likely enjoy the standard items on the menu, but they’ll also appreciate a few new items. Expand the types of menu items you offer to bring variety... Continue Reading

Pick a hat, any hat,…. This is a reprint of a classic blog that I wrote in May 2020 when I first started my company Shiageto Consulting. Enjoy! In this series, I share with you some of the key learnings I have had from my first 6 months of launching my first start-up (Shiageto Consulting) and how those lessons are applicable for the challenges my business is facing during this pandemic crisis (and any business at any time in fact) The initial challenge So, what have I learnt in the last 6 months of running a start-up about my offering and how might that be of relevance to things currently? I... Continue Reading

Starting any business is scary and exciting. Emptying your savings because you think you can make it will make anyone nervous. However, those who decide to open a restaurant must love to live on the edge. Sadly, many restaurants never see a green bottom line in a spreadsheet because they fall victim to the most common reasons restaurants fail. A Busy Menu Many first-time restaurant owners may feel like more is better. After all, you want to cater to everyone’s hunger demands. However, a menu that spans multiple styles of cuisines is a menu that doesn’t have a specialty. The... Continue Reading

Business in the time of Corona/recession: learnings from my first 6 months of Shiageto that might help Don’t try this at home kids This is a reprint of a classic blog that I wrote in April 2020 when I first started my company Shiageto Consulting. Enjoy! Do you know the tale from Greek mythology about Sisyphus? A king of Corinth, he was punished by the gods for his trickery and general evil by having to roll a boulder up a hill in Hades forever — every time he reached the top, the boulder would roll back to the bottom and he would have to start again. Now, I’m not saying that I’ve... Continue Reading

Pop-up food stalls are great businesses that add to the community (although what a pain to have to take down your stall every day only to reassemble it the next) I’ve recently moved home to a new neighbourhood and one of the exciting things I have discovered in my exploration of the local area is a little square where there are a combination of different pop-up food stalls and food trucks every lunchtime. Every day, the business owners of these stalls and trucks set up from 9am ready for the lunch crowd, before packing everything away in the early afternoon, leaving the square pristine once... Continue Reading