Stand out. Differentiate yourself. Eco friendly cleaning for example. Stand out in terms of quality of service. Try promotional mail / offers and discounts. When free, do cold calling, emails and telecalling to get leads and business.

I was not the owner. but understand your perspective. Honestly, everyone I knew of looked forward to weekend breakfast.

Alternate weekends for coffee, pizza and donuts… It’s informal. No barriers or hierarchy, everyone meets everyone. There is banter and camadarie. Builds rapport.

Team Building exercises on weekdays. It’s a fun day, everyone out, participating in challenges, having a good time. Some pep talk and vision for company’s goals and growth.

Both these do not have to cost much and are doable.

We had both of these in our company and it was something all employees looked forward to.

You have got good feedback and it’s great to see you actively taking in advise. Your demographic profile of clients will be millennial and the brunch crowd who you can target via Instagram and facebook.

Targeted Facebook ads, to local community, engaging special interest groups with posters and signs of offers in the library and community center will help bring in crowd. Also outdoor activity or promotions to draw passers is another low cost idea that can work.

Congratulations on starting your venture. But make sure to define the terms clearly to avoid issues in future.

Options for you include:

1. Convertible Note or SAFE Agreement: So what this does is instead of directly offering ownership shares, you offer convertible note or Simple Agreement for Future Equity (SAFE). These are debt instruments that convert into equity at a later funding round.

Be clear and outline the loan terms, including the principal amount, interest rate (if any), and repayment schedule. Also specify whether the interest is deferred or paid regularly.

Define the ownership percentage tied to the loan and this will vary based on the perceived value of the investment and risk involved in the venture. For a $10k investment, you can offer 5% to 10% ownership.

Determine the valuation of your startup which will help in calculating the ownership percentage. Take help from a professional if necessary.

Have an exit strategy to allow the investor to exit or convert to ownership. This includes details on what triggers a conversion or if there’s an agreed-upon timeline for conversion.

Specify the duration of money which will be is considered a loan before potential conversion. Typical terms might range from 2 to 3 years.

Specify interest rate if any and be clear to comminucate risks and potential rewards associated with the investment.

Ensure the agreement is in writing in a format that both parties understand and sign.

Also suggest and consider other financing options like grants, accelerators, or crowdfunding.

Seek professional advice if necessary.

What business is this? Is it manufacturing, retail or service industry? What product or service does it offer? Hard to give opinion or advise when key facts are missing. A consulting business vs a barbershop vs a retail or manufacturing business which can be run without the owner being present all can have different methods of valuations.

Op, here’s whatbyou can try:

1. Have Online Presence with a professional website showcasing notbonly your services, but also eye care tips. Having a user-friendly online appointment booking system will be plus. Ensure this is prominently displayed on your landing page.

Also use social media platforms like Instagram, Facebook etc. to share eye health tips, promotions, and engage with your community.

2. What’s your Marketing Strategy? To this, optimize your online presence especially for local search so that your clinic appears in local search results.

3. Consider Partnerships and Collaborations. Tie up with local businesses or healthcare providers for cross-promotions.

Also Implement a referral program, offer or promotion that encourages existing customers to refer friends and family.

4. Anything you can do to enhance customer experience?

5. Encourage customer feedback. Implement a ratingvand feedback system to understand customer experiences and make them better. Take suggestions seriously and see them from customer’s perspective.

6. Have Competitive Pricing and Promotions.

7. Anything you can do to enhance In-Store Experience? Including visual merchandising? If possible improve store layout and window displays regularly to attract attention.

8. Are you offering contact Lens Services? If not, include contact lens fittings and sales.

9. E-commerce platform for selling eyewear, sunglasses especially and contact lenses can help.

10. Community Engagement or Sponsoring local events or sports teams to increase community visibility is a plus. E.g? Some school or college sports club in your area?

11. Educational Workshops or webinars on eye health in collaboration with local community centers, especially with senior citizens or at library can help. Also pist Blogs and Videos. Create educational content about eye health, eyewear care, and industry trends through blogs or videos.

Most importantly, research your target audience and also your competition to tailor your approach. Evaluate the effectiveness of your initiatives and make changes as necessary.

Oops… sorry to hear this. Which city is this? What can be done:

Your Dad and his partner needs to assess the competiting boba shop and identify what makes them successful. If there is something unique or something that needs improving, your dad’s shop can implement that.

Customer Feedback is important. Get a review to understand what the customer likes and dislikes. Your Dad can get vital insights into areas that need improvement.

Review cost and expenses. See what can be reduced or cut down without compromising quality. Also try getting better deals with suppliers, look at staff cost and all expenditures.

Is a marketing strategy or campaign possible? This could involve promotions, loyalty programs, or collaborations with other businesses in the plaza.

Is tweaking the menu possible? If so, to offer items that stand out or cater to a specific demand. Exploring trends in Boba industry.

Provide good customer experience: This can be in terms of service, ambiance, and any additional deals if possible.

If required seek advice from a financial consultant to manage debt and improve cash flow.

Is it possible to cut losses and sell? If things turn south, selling canbe an option.

Bankruptcy should always be a last resort. It’s best to speak to a financial advisor or legal professional to fully understand consequences.

Also if possible, it’s advisable for your Dad to consult with business experts, perhaps seeking advice from a business consultant, financial advisor, or even a franchise representative. They can provide tailored guidance based on the specifics of the situation.

It’s really great that you’re reviewing your leadership and seeking improvement. And also are working on principles of ethics and compensation related to productivity. So kudos.

Having said this, your key to transformation is thru improved communication with your employees. Ensure that your vision, goals, and expectations are known to the staff. Have more of staff meetings over coffee, donuts and pizzas. This will help breakdown communication barriers. Encourage more of dialouge and feedback from employees where you listen to concerns and issues raised. Yearly or six monthly team building activities or meetings will help.

Is shared performance incentives tied with your revenue goals doable? This can motivate everyone to contribute more activly to your business’s success.

Look at your processes and systems closely. Change where necessary. Train your staff on how to better interact with clients. Where there is customer appreciation, provide this feedback to the employee in team meetings. Recognition of exceptional service will boost morale and create a more positive work environment.

Finally, have a system to get customer review or feedback. This should be collected and looked at every week. A 10 on 10, or where the customer says they will recommend your practice to family and friends should be recognized and rewarded every quarter. A detractor score, would be when the customer says they would not recommend your service. A personal call to the customer to understand what went wrong, and a process to implement changes based on the customer feedback on how your service could be improved will place your practice as the best in town.

Encourage your happy customer to post their feedback in social media.

Have a conversation first. It can put your concerns across. You can think of alternative options as well. A part time Advisor role may be suitable for both with cost savings for the company and a honorable exit for the manager.

You can try:

1. Google Ads
2. Advertising via billboards.
3. Email campaign
4. Radio Ads.
5. Community events
6. Socia media via influencers
7. Sales promotion / special offers
8. Customer Referrals promotion

Ask for advance payment and do the job. Else say you are busy now and cannot take new jobs.

Trump GPT:

Look, you’ve got to understand, running a business is a tough game, but I’ve done it tremendously well. Now, you want to get into action figures, which is a fantastic idea, by the way. What you need is a winning strategy, the best strategy. First, you’ve got to know your market, and nobody knows markets better than me. Find the right suppliers, negotiate like a winner – you’ve got to be tough. Then, use technology, I’m talking top-notch apps, automation, all of it. But here’s the thing, you’ve got to do it right. It’s not for everyone, you’ve got to be a winner. So, go out there, be smart, and make action figures great again!

Don’t argue or try to convince them. Success has many relatives. Failures remain orphans.

If you don’t get funding, ask what milestones are required to be acheived to approach them again.

Also ask for feedback and advise.

There is a always a demand for appliances. Married with offers, marketing and promotion you can turnnit around. What you need to focus on extracting value in the business, and NOT just run it the way it is.

The issue here is that you do not have an idea of the business, or how to run it. But that can be changed provided you are willing to put in time, effort and creativity…

A pice of wood or a canvas is just that. Butbin hands of a skilled artist, both of these can sell 100x the cost.

The ideal way is to show ypur interest, ask the owner for a month or two for you to work and get to know and understand the business, and then takeover…

That said, understand the lease terms, inventory value, customer profile and get yourself upto date on digital marketing and business operations.

Interest rates. Check the viability of servicing the debt.