Ground Floor Partners

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How International Conditions Can Affect Your Small Business

Ground Floor Partners

Most business owners read their local newspaper and keep up, at least to some extent, with national and international affairs through magazines, radio, television and the Internet. They see military battles, random violence, floods, fires, heat waves, political instability, climate change, species extinctions, regulation and deregulation, the increasing pace of automation − and then shrug their shoulders: nothing to see here folks.

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Should You Scale Your Business?

Ground Floor Partners

OK. So you started your own business, grew it to the point where you are now making a modest income, and you finally went on a vacation for the first time in five years. Revenue has increased for the past few years, the business is generating a small profit, and you have several employees. Are you ready to take it to the next level and scale your business by a factor of five, ten or twenty?

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Food Manufacturing Growth Stages

Ground Floor Partners

While some food manufacturing businesses start out as well-funded spinoffs by giant companies such as Kraft or Nestle, many others start out as tiny startups with a simple idea and very little funding. The tiny startups often struggle for years, but sometimes they grow so big so quickly they actually threaten the giants. Beyond Meat , Chobani and Impossible Burger are good examples of this.

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Why Restaurants Fail

Ground Floor Partners

Walk around your city and you’ll probably see at least a few “for lease” signs in empty restaurant windows. According to a recent study by two economists using United States Bureau of Labor Statistics data, only 17% of restaurants fail within their first year – far less than the 90% restaurant failure rate claimed by some experts. But this low rate of failure may be misleading since a higher percentage of new restaurant openings today are by established, heavily capitalized restaurant grou

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Business Planning for Success

Ground Floor Partners

We all want a packaged solution that will solve our problems quickly, painlessly and at low cost. Need to get somewhere faster? Buy a new car. Need to lose weight? Sign up for a diet service. Need to boost business revenues? Call a consultant. I wish I could always solve my clients’ problems quickly and easily. Just prescribe a business solutions package and tell them to call me in the morning.

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Sell Your Business For More

Ground Floor Partners

At some point, every business owner has to leave the business. While simply shutting down is always an option, it is almost never the best option. Also, what’s the point of simply shutting down when growing a nest egg or funding another opportunity is available? The most common exit option is a business sale. However, selling a business takes time, especially if the business isn’t structured with a sale in mind.

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Focus On … Something

Ground Floor Partners

If everything is a top priority, then nothing is a priority, and nothing will get done. This is a tough lesson, but all successful business owners eventually learn it. Many startups are particularly susceptible to the idea that they can serve this market, and that market, and those people over there, and these groups over here, until their message and brand become so confused that nobody knows what they stand for or who they actually serve.

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