Smart Business Magazine, Mar 2013
the restaurant chain sector or the foodservice sector but in all service oriented businesses You really need to be watching your costs right now he says Its an absolute necessity And your service has to be absolutely top notch all the way through your operation You cant get away with anything less than that If youre willing to do these things this can really be a great time to get into a business and have success with it How to reach Bostons Restaurant Sports Bar 972 484 9022 or www bostonsgourmet com March 2013 Smart Business Dallas 21 capital they need to do it Well be willing to lend them money because weve seen what theyve been capable of doing over the last five or 10 years Theyll be our first customers The next ones will be potential new franchisees that we think have a great opportunity to get into the business now Weve been starting to receive a fair amount of inquiries about this now that things have started to loosen up a little bit financewise Asked what he has learned and what advice he would give other executives facing similar problems with tight lending inhibiting their growth Treliving says he suggests that you choose your dance partners very carefully Ive talked to other CEOs in various businesses and its really all about quality now the quality of who youre going to do business with he says The quality of franchisees youre getting is what you should be looking at now the strength of the person going in Its not just simply about grabbing anybody thats got a warm body and going into business with them anymore Treliving says that containing costs and reinvesting in quality service are more important now than ever and not just in Takeaways Give partners time to meet deadlines Seek new financing sources Create your own finance unit SOCIAL MEDIA Join the Facebook conversation on key business strategies at www facebook com SmartBusiness We turn every customer contact into a sales opportunity and every opportunity Into ROI We hired InfoCision because Little Tikes is a premier brand and we want to give our customers stellar service 24 hours a day seven days a week It just wasnt economical to staff that kind of operation internally InfoCision has a very good reputation and have done an outstanding job Tom Richmond Worldwide General Manager of Little Tikes and EVP of MGA Corp Contact Steve Boyazis at 3306704777 infocision com
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