Lunch traffic at retail stores selling prepared foods rose 29% since 2008, a period that saw a 1% decline in midday restaurant traffic, according to an NPD Group report. The report forecasts a continuation of the trend — retailers’ sales of prepared foods is on track to grow 10% during the coming decade, while restaurants […]
Tag: "small business"
Gen Y workers — those ages 18 to 32 — are ascending into management positions fastest among today’s working generations, says business whiz S. Chris Edmonds. That makes it all the more important for companies to put appropriate training and development strategies in place. “First, organizations must accept the reality of this generational shift. Expectations […]
Trade associations and business groups are partnering with first lady Michelle Obama’s anti-obesity campaign and veteran aid initiative to strengthen their relationship and establish a level of trust with the administration. “The relationships we have built with the White House on veterans has made our industry voice heard on other issues such as Obamacare,” IFA […]
The Stanford Business School newsletter, Re:Think posted an invitation to readers. “We asked prominent Stanford GSB alumni an open-ended question: “What values are important to you in business?” Below you’ll find a combination of personal maxims and principles that may guide your own business values. Which values resonate with you? Tweet @StanfordBiz. Here are the […]
By Tim Berry How do you get started on a business plan? It depends on who you are, what you like, what you do well and how you think. People are all different. I say think of a business plan as a collection of components or modules, and start wherever you feel like it. Here […]
Think you are ready to start your own business? The U.S. Small Business Administration has put together a “Self-Assessment Checklist” to determine your readiness factor. Check it out at: sba.gov
Progressive companies are finding success in using Vine, Pinterest and other social media tools to grow their business and establish industry authority. And yes, some are even getting famous. Manifest Digital is further leveraging these social media channels to reach prospective employees and to help current employees achieve their goals. Growing 6 Seconds at a […]
Arsalon Technologies, Kansas City’s local provider of business-class hosting solutions, is giving back to tech entrepreneurs. Qualifying companies that are working with Launch KC, Kansas City, Missouri Mayor Sly James’ strategic initiative to attract and develop IT entrepreneurs to the Crossroads Arts District and throughout Kansas City, receive 12 months of free hosting services. Entrepreneurs […]
Small companies tend to struggle to retain part-time workers and miss out on chances to turn rock star part-timers into full-time team members, says biz whiz Baron Christopher Hanson. To improve your performance, put yourself in your workers’ shoes and figure out what they need to be fulfilled. “Learning what truly motivates, compensates and satiates […]
The Learning Experience preschool began franchise operations in Boca Raton, Fla., in 2002 and has since grown to 134 locations owned primarily by franchisees. The company has invested $1 million in technology, according to CEO Richard Weissman, and adds two to four new centers per month.
By Peter Shankman, Principal, Shankman|Honig Hands down, the most overlooked part of running any small business is customer service. Small businesses spend hundreds of thousands of dollars on marketing, trying to convince people they’re the best, yet if they simply improve their customer service by a fraction, the customers will do it for them! Behold, […]
By Erick Lauber, Ph.D. Bradley was failing, and failing badly. Not only did the members of his team avoid him in the lunchroom and never stop by to say “good morning,” they had begun taping a target to his back every day and everyone had signed up for archery lessons. Bradley’s leadership style just wasn’t […]