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BUSINESS and more
Ideas, tools & reflections for managers, leaders and business owners. -- Keep in touch: http://www.xeeme.com/MartinGysler
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Should Startups Focus on Profitability or Not?

Should Startups Focus on Profitability or Not? | BUSINESS and more | Scoop.it

There are certain topics that even some of the best journalists can’t fully grok. One of them is profitability.

 

I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!”

 

I mention journalists here because they perpetuate the myth that focusing on profits is ALWAYS the right answer and then I hear many entrepreneurs (and certainly many “normals”) repeating the same mantra.

 

There is a healthy tension between profits & growth. To grow faster businesses need resources in today’s financial period to fund growth that may not come for 6 months to a year. The most obvious way to explain this is with sales people...

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3 Powerful Business Growth Strategies to Do Right Now

3 Powerful Business Growth Strategies to Do Right Now | BUSINESS and more | Scoop.it

Oh, the joy and empowerment of having your own business. For many the notion of it is…almost romantic. The idea is so compelling that nearly everyone, at one time or another has thought to get in the game. Many of us have bitten the bullet and really done it. There are more small businesses in the US than one may realize. In fact, 99.9% of the businesses running today in the United States are small businesses*.

 

At one point it seemed everyone was giving up the corporate gig and going into business for themselves, with small businesses growing by more than 388% over a 13 year period…until the death spiral of 2009 when more than 2.5 million U.S. businesses gave up and went away for good as if they had never existed*.


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Is My Business Ready to Franchise? | Entrepreneur.com

Is My Business Ready to Franchise? | Entrepreneur.com | BUSINESS and more | Scoop.it
Business ideas and trends from Entrepreneur Magazine. The latest news, expert advice, and growth strategies for small business owners.

 

For many business owners, franchising can appear to be an ideal form of business expansion.

 

After all, franchisees are responsible for the entire investment in opening locations and, because of that investment, are highly-motivated to perform well. That allows franchisors to grow far faster than they might otherwise.

 

But not all businesses are cut out to franchise.

 

If you’re considering franchising, one of the most important questions to ask is simply, “Am I ready?” A few years back, one of my clients, John Leonesio from Massage Envy, a Scottsdale, Ariz., provider of affordable spa services, asked my franchise-consulting firm that very question – and we went through the same analysis that we do for any business thinking about franchising...

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