To give you an instant boost, I provide 10 strategies to accelerate your business. All this strategy does not require much cost and does not take long to implement it. All of this is related to changing your habits and attitudes. You can start using it right now, do not wait.
Selling a small business is a process every entrepreneur wants to experience but unfortunately, only few will build a business that will worth selling. There are several reasons why you would want to consider selling your small business either now or in the future but I won’t go into the details here. I have already written an in-depth article highlighting why entrepreneurs sell their small businesses.
It is true that to start a business need good preparations. According to Robert Spiegel, author of The Shoestring Entrepreneur’s Guide to the Best Home-Based Businesses, prepare a business is like sharpen a pencil. Your business activities are not only about how sharp your pencil, but how you use the sharp pencil for your business success.
Hide your business weaknesses but be prepared to defend it should in case the buyers hits on it. If possible, tactically divert your buyer’s attention away from your business weaknesses. There’s nothing wrong with this act; it’s strictly business.
Decide on your product. Yes, an ice cream Business sells ice cream but you have to create a product that can make your ice cream Business to business stand out from the rest. You may want to put some distinguishing style, taste or packaging to your ice cream so you can offer something different to the market. Of course, one very important thing is to decide on a product that people would surely love.
I would definitely start your business online. This is the best way to test your products and find your market without the massive upfront costs associated with opening a store. Just recently one of the largest greeting card stores in Delaware, Coccia is shutting its doors after 35 years in the business.
Working as a business broker I see that an average business that sells for 1-2 times net profit has no formal systems. The businesses that fetch higher multiples always have formalized systems in place.
These are just a few of the things that you need to keep in mind on how to start an ice cream business. keep in mind though that in any business, there are risks and uncertainties that are involved and you must also prepare to face them as well.