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Casual Articles - Fleet Washing Expansion Considerations
10 Ways Focus Groups Can Propel Your Profits n be cleaned whenever
You are not sure yet how often the day camp paysA focus group is a group of employees or current customers that discuss and brainstorm new ways to improve different parts of your business.1. They can give you new ideas on how to advertise and market your product or service to your targeted audience.2. They can give you ideas that could help improve your current product or service. For example, Still think you want to expand? NO WAY! Remember: You can run your pressure washing rig twenty-four hours a day without owning two rigs. You will have a major cash flow problem if you buy another unit because of the billing cycle on big accounts. Your new truck would not b Do You Make These 10 Mistakes With Cost Benefit Analysis? Many times small businesses want to expand their businesses and are not sure when the best time to do that might be. The key of course is cash flow. Will your current and brand new accounts afford you the cash flow to expand? Let us run thru a scenario with you and just so you know this is good advice, I own the Truck Wash Guys and have been doing this a while. Each time a franchisee wished to expand and ask for advice, I would look at their situation and determine if it was a wise idea. Sometimes it was, but often it was not. So let us look a hypothetical scenario for a moment:Mistake #1: Not thinking widely enough to explore all feasible options.First, a note about benefits - if you can provide a solution that provides more benefits than the current process, then not only do you benefit (hopefully in practical and emotional ways) but also the company profits, so do the shareholders and so does the economy. If more of these positi Well let’s consider. You have two new fleet accounts, one with twenty buses at let’s say $10.00 each from a summer day camp for kids. The other is a rent-a-car company that pays once a month. This is your 50 percent increase in sales. Now, let us add in a graffiti removal contract. The graffiti contract starts in two months. Sales are up and everything looks great…except: The day camp ends after summer (two months left) The rent-a-car company pays monthly so you will bill them at the end of the month and then they will wait thirty days to pay you plus mail time The graffiti contract is the same payment schedule and cities are notorious on slow payment Graffiti can be cleaned at night Rent-a-cars can be cleaned by starting one and one-half hours earlier on Mondays and thirty minutes earlier other days Summer camp buses can be cleaned whenever You are not sure yet how often the day camp pays Still think you want to expand? NO WAY! Remember: You can run your pressure washing rig twenty-four hours a day without owning two rigs. You will have a major cash flow problem if you buy another unit because of the billing cycle on big accounts. Your new truck would not be Trade Show Display Success Strategy ch time a franchisee wished to expand and ask for advice, I would look at their situation and determine if it was a wise idea. Sometimes it was, but often it was not. So let us look a hypothetical scenario for a moment:Americans are known for their short attention spans, and this is certainly true at the trade show exhibit hall. With a crowded trade show display floor bursting with hundreds of trade show exhibits, the essential job of the exhibitor is to attract immediate attention with a compelling trade show exhibit display.Finding a fast way to capture visitor interest Well let’s consider. You have two new fleet accounts, one with twenty buses at let’s say $10.00 each from a summer day camp for kids. The other is a rent-a-car company that pays once a month. This is your 50 percent increase in sales. Now, let us add in a graffiti removal contract. The graffiti contract starts in two months. Sales are up and everything looks great…except: The day camp ends after summer (two months left) The rent-a-car company pays monthly so you will bill them at the end of the month and then they will wait thirty days to pay you plus mail time The graffiti contract is the same payment schedule and cities are notorious on slow payment Graffiti can be cleaned at night Rent-a-cars can be cleaned by starting one and one-half hours earlier on Mondays and thirty minutes earlier other days Summer camp buses can be cleaned whenever You are not sure yet how often the day camp pays Still think you want to expand? NO WAY! Remember: You can run your pressure washing rig twenty-four hours a day without owning two rigs. You will have a major cash flow problem if you buy another unit because of the billing cycle on big accounts. Your new truck would not b Grow Your Business... Because You Can! ther is a rent-a-car company that pays once a month. This is your 50 percent increase in sales. Now, let us add in a graffiti removal contract. The graffiti contract starts in two months. Sales are up and everything looks great…except:You have worked enough on making your customers feel satisfied. You provide them with best services. But, still there is no change in the profit margin. You find that you are still there where you were last time. There is not a single percent growth. You need to look at this seriously.In the fast changing markets, a business cannot depend upon the loyal cust The day camp ends after summer (two months left) The rent-a-car company pays monthly so you will bill them at the end of the month and then they will wait thirty days to pay you plus mail time The graffiti contract is the same payment schedule and cities are notorious on slow payment Graffiti can be cleaned at night Rent-a-cars can be cleaned by starting one and one-half hours earlier on Mondays and thirty minutes earlier other days Summer camp buses can be cleaned whenever You are not sure yet how often the day camp pays Still think you want to expand? NO WAY! Remember: You can run your pressure washing rig twenty-four hours a day without owning two rigs. You will have a major cash flow problem if you buy another unit because of the billing cycle on big accounts. Your new truck would not b The Compliance Officer's Killer Application d of the
month and then they will wait thirty days to pay you plus mail timeIt used to be that only the largest multi-nationals needed a Compliance Officer. Today most practices, regardless of size, would be wise to charge someone within their organisation with the responsibility of keeping abreast and managing the compliance process.Take as an example European employment law that has been introduced over the last few years that ha The graffiti contract is the same payment schedule and cities are notorious on slow payment Graffiti can be cleaned at night Rent-a-cars can be cleaned by starting one and one-half hours earlier on Mondays and thirty minutes earlier other days Summer camp buses can be cleaned whenever You are not sure yet how often the day camp pays Still think you want to expand? NO WAY! Remember: You can run your pressure washing rig twenty-four hours a day without owning two rigs. You will have a major cash flow problem if you buy another unit because of the billing cycle on big accounts. Your new truck would not b Small Business Marketing Tip - A Controlled Package Test n be cleaned whenever
You are not sure yet how often the day camp paysHow can you find out what your customers like? If you ask them, you'll get a definite clue as to what they think they like. It may point you in the right direction, but……observing what they do is an even better bet.Surveillance cameras are in use in more and more small businesses. Theft prevention is the number one use of this tool—but have you Still think you want to expand? NO WAY! Remember: You can run your pressure washing rig twenty-four hours a day without owning two rigs. You will have a major cash flow problem if you buy another unit because of the billing cycle on big accounts. Your new truck would not be ready for thirty days plus five days to get financing. By that time the summer camp is almost over. Wow. All the indicators point to a second pressure washing rig and new truck or do they? Sometimes you need to actually open the hood and take a look. Consider putting on your devil’s advocate thinking cap and make yourself a mechanic. Ask yourself for help. Let yourself look under the hood. Throw away the ego. Sure it would be nice to own another pressure washing rig and you would be a big business man. But realistically speaking it would all be for show and you would actually be making less money. You can justify the expansion to the leasing company or a bank and get the money all right because sales are up. But that doesn’t make it a savvy move. Sometimes race car drivers draft behind the lead car to cut down on drag from the wind. By conserving resources (fuel) they better their chances for winning the race later. In business, the person who gets to keep the most money wins, not the one who has the biggest empire. Think about it before spending the money on expansion.
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