Tuesday, April 18, 2017

How to Select the Right Consultant for Advice before Starting a Business

A drug and alcohol treatment facility is a very large operation. Therefore, running a business of this sort can be very challenging, especially for first timers. After all, there is much more than sales and profitability to worry about. There are also the lives of your patients to be considered. This makes a rehab facility much different than many other businesses out there. That is why it is good to have the help of experienced people to make sure that you are taking all important aspects of running a rehab facility into consideration. This will ensure than no major details are overlooked. Stodzy is a consulting service for drug rehabs. You can learn all about how they can improve the performance and efficiency of your rehab facility by visiting their website. Here are some of the ways you can go about hiring a business consultant for your rehab facility.

1. What rehabs have they worked with before?

It is important to have a very good feeling about a business consultant before you decide to pull the trigger and hire a company to provide this service. Therefore, you need to learn as much as you can about their previous clients. Find out who they have done consulting for. Were their former clients happy with the job they did? If not, what were their complaints? Find out all of the positives and negatives about all of the business consultants that you are thinking about hiring. You need to go into this agreement with your eyes wide open. You never want to have a consultant giving you advice about your rehab facility unless you completely trust this person and the company he or she works for. It is always important to talk to previous clients whenever you are going to hire a company to do something as important to consult for you. This company could potentially be changing the way you run your rehab. Therefore, it is essential that you make sure they know what they are doing.

2. How much will it cost?

The price that a consultant charges will be an important factor when you are deciding if you want to hire a particular company. After all, having a great business consultant giving your advice will not matter if they are bleeding you dry. You need to make sure that they are giving you enough bang for your buck. Fortunately, there are a wide variety of consulting firms to choose from. It would be in your best interests to contact as many of them as you can and find out how much they will charge you for their services. You have nothing to lose at all and everything to gain by doing this. Make a note of each quote they give you so you can use that info during your final selection process.

Tuesday, April 4, 2017

Benefits of the Franchise Model for Business Expansion

Managing a business can be risky, but at the same time very rewarding. Some businesses have the right formula or get lucky and are able to attract customers and grow sales rapidly. This is the time when they should look into expansion. Sometimes, this means growing the business organically, and in other cases it’s more sensible to turn the business into a franchise. If you have a strong business model and a unique selling point with plenty of appeal, then franchising your business may be the best next step for you. After all, a franchise gives you geographic expansion, improves your financial standing and can contribute to a positive reputation. If you are thinking of expanding your business via franchise model here are some of the benefits to franchising your business.

Risk Mitigation

On the whole, franchising offers you a more secure way to start up a business. Starting a business from scratch offers its own unique set of challenges, and independent start-ups don’t always survive their first year of business. However, studies have shown that franchises are more likely to be established and operating well within the first year of business. In fact, around 92% of UK franchisees reported profitability over the course of 12 months.

If you want financial security, then franchising your business is a great way to get started.

Proven Business Model

The franchise business format has been proven time and time again, and it means that there’s a lot less risk involved when you follow this format. Many companies like InXpress provide sound franchise models to help businesses get off the ground and successfully expand. If your business is suited to this model and business format, then why not discuss it with an authority and see what can be done?

Monday, March 13, 2017

Small Business Checklist – What To Think about When Starting a Business

Starting a new business can be a very daunting process, especially when you do not have much experience with it. There are hundreds of items to consider and finish before you can even open the door for business. Many first time entrepreneurs are turned off by the thought of taking care of these items in the checklist. However, with proper knowledge and careful planning it is possible to not only get started but also get a head start to building a long lasting business. Here are some tips to help you focus on the most important tasks in starting a business.

Market Research

One of the most important things to consider when starting your business is defining your target audience. You should be able to create a profile of what your customers look like based on key demographics i.e. age & gender. This will help you create the right type of branding and messaging to entice people to buy your products and services.

This can be done by analysing the users who are showing interest in your brand on your social profile. If you haven’t created a social media profile yet (if not, do it now), then you can always do a bit of old fashion market research.