LOGO
Reply to Thread New Thread
Old 11-23-2011, 02:04 PM   #1
Dweplyododo

Join Date
Oct 2005
Posts
539
Senior Member
Default A business query
I know some family members who are looking to buy restaurants, cafes, coffee shops, takeaways, launderettes and dry cleaners but they want to have very little involvement with the business and leave the running of the business to the staff with some occasional visits. Does anybody have any suggestions/ideas/experience in this regard
Dweplyododo is offline


Old 11-23-2011, 02:10 PM   #2
suilusargaino

Join Date
Oct 2005
Posts
593
Senior Member
Default
I know some family members who are looking to buy restaurants, cafes, coffee shops, takeaways, launderettes and dry cleaners but they want to have very little involvement with the business and leave the running of the business to the staff with some occasional visits. Does anybody have any suggestions/ideas/experience in this regard


Very risky to leave the running of business to staff. Better option is to be a partner with someone who already have experience in the mentioned fields. Also check the persons previous partners and background.

Being the sole owner and leaving the running of it to the staff is disaster in waiting. Especially restaurant business, because it needs full time management and people can easily screw up.

P.s. I m not a business man.
suilusargaino is offline


Old 11-23-2011, 02:13 PM   #3
MaigicyuNinia

Join Date
Oct 2005
Posts
525
Senior Member
Default
Can be done if they employ a very good manager at a very good salary, otherwise its asking for trouble, easiest business to do this is in franchised operations where the franchisor provides good training for managers. The nature of a business however is that you will always need to oversee otherwise you will get caught out, ie, stolen from. If they really want something they dont need to monitor then they should buy property.

If its not a franchise they would still need to market the business, its hard to hand that part over unless the business is well established and really markets itself, in which case you have to hope the staff dont run it into the ground while you're not there. Bottom line is only the owner can be expected to treat and manage the business as their own, because well, it is. If you want that from staff then either make the staff part owners in the business or pay them really well, problem is today most business owners want to pay peanuts, and as the saying goes, if you pay peanuts, you get monkeys.
MaigicyuNinia is offline


Old 11-23-2011, 03:33 PM   #4
gagagaridze

Join Date
Oct 2005
Posts
518
Senior Member
Default
do people still use launderettes? those places were sooo depressinggg
gagagaridze is offline


Old 11-23-2011, 07:03 PM   #5
numinertyuesk

Join Date
Nov 2005
Posts
371
Senior Member
Default


any particular location?
numinertyuesk is offline


Old 11-23-2011, 07:16 PM   #6
StethyEntinic

Join Date
Nov 2005
Posts
407
Senior Member
Default
I know some family members who are looking to buy restaurants, cafes, coffee shops, takeaways, launderettes and dry cleaners but they want to have very little involvement with the business and leave the running of the business to the staff with some occasional visits. Does anybody have any suggestions/ideas/experience in this regard


They can make partnership firm with one working partner and they being sleeping partner. Else they can hire a good manager and give him salary based on % of profit. Just living business into the hands of staff is dangerous.

you can contact me here for more details
StethyEntinic is offline


Old 11-23-2011, 07:24 PM   #7
fapourfasiark

Join Date
Oct 2005
Posts
386
Senior Member
Default
Agree,
if they will not devote sufficient time - yes, they can expect disaster. After some time - years - having responsible and reliable person, owner can take short break .... but one of managent/owner role is to keep spirit and perspective of business, which is not easy.
Also decision - which business will they go to - is important - to have any businees is also matter of heart and not only technical thing.
fapourfasiark is offline


Old 01-03-2023, 09:36 AM   #8
Ighans1

Join Date
Oct 2022
Posts
24
Junior Member
Default
Businesses use key performance indicators to measure their value and success. Startup companies may use them to find ways they can expand their sales and achieve sustained financial health. If you're part of a startup company, learning about key performance indicators may help you measure goals and advance your workplace's growth , check here kpi startup . In this article, we discuss what key performance indicators are and provide a list of eight key performance indicators for startups.
Ighans1 is offline


Old 03-13-2023, 09:37 AM   #9
RAHMET

Join Date
Jun 2021
Posts
15
Junior Member
Default A business query
Greetings! Can you give examples of companies that have successfully built strong customer relationships and how this has positively impacted their success?
RAHMET is offline


Old 03-13-2023, 09:42 AM   #10
MODUS

Join Date
Jan 2021
Posts
14
Junior Member
Default
Hello! Many companies have built strong customer relationships which have resulted in increased success. Apple's customer-centric approach to design and user experience has earned them a dedicated fan base. Zappos' legendary customer service has resulted in loyal customers and word-of-mouth recommendations. Amazon's personalized recommendations and fast shipping keep customers coming back. These companies demonstrate that prioritizing customer experience can lead to long-term success. So interacting with clients is very important for business.
MODUS is offline


Old 04-03-2023, 08:48 AM   #11
oliviawilson12

Join Date
Apr 2023
Posts
2
Junior Member
Default
Yes, most people want to automate business but starting a business in today's world is not easy it requires a lot of effort and also takes a lot of time. My suggestion to those people is to start a franchise instead of starting a new business it is also automatic in a way as you will get an already built brand name so you don't have to put any extra effort into it.
oliviawilson12 is offline



Reply to Thread New Thread

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 03:00 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity