What if closing a part of your business could make you more profitable? That’s exactly what Wendy’s is betting on by closing 140 underperforming locations despite a simultaneous expansion into high-growth areas. This strategy follows a wave of similar closures earlier this year as Wendy’s moves toward “quality over quantity” to protect its brand and …
7 Critical Lessons from Wendy’s Decision to Close 140 Restaurants Read More »
Remember your first Tupperware container? Maybe it was the one your grandmother used to store cookies or the colorful set your mother kept neatly stacked in the pantry. For many, Tupperware was more than just a container—it symbolized home, family, and the promise of well-preserved leftovers. However, the brand that revolutionized food storage has now …
Tupperware’s Downfall: What Small Business Owners Can Learn from an Icon’s Struggle Read More »
“Getting results isn’t just about staying informed—it’s about taking that information and turning it into decisive action. The following research from Stacked Marketer offers valuable insights, but the key is to determine how it applies to your business and then commit to acting on it. By doing so, you’re not just staying ahead but positioning yourself …
Holiday Edition: Shopper’s Attitudes Toward Price Increases Read More »
Introduction In a world where 60% of homeowners are delaying renovations, understanding consumer behavior has never been more crucial for small business owners. Recent reports from home improvement giants Lowe’s and Home Depot reveal that consumers are postponing major renovation projects due to economic uncertainty. With rising interest rates and inflation tightening household budgets, homeowners …
Ohio’s restaurant industry is experiencing a notable resurgence. According to John Barker, president and CEO of the Ohio Restaurant & Hospitality Alliance, the state now boasts about 1,000 more restaurants than it did pre-pandemic, with the total number reaching approximately 25,000. This rebound began in late 2023, signaling a critical recovery phase for the sector. …
Inflation, Innovation, and Insight: The New Rules for Ohio’s Restaurants Read More »
All of us have experienced the frustration of indecision. Like scrolling through countless movie options on our favorite streaming app without settling on anything? This example is a classic case of Hick’s Law at work. What is Hick’s Law? Hick’s Law, named after psychologist William E. Hick, explains that the time it takes for a …
The Art of Simplification: Streamline Your Offerings to Drive Conversions Read More »
“The manufacturing sector is a cornerstone of the American economy, but it’s currently standing on shaky ground,” says Timothy Fiore, Chair of ISM’s Manufacturing Business Survey Committee. Despite substantial investments, the US manufacturing sector is experiencing a downturn. The sector contracted for the fourth consecutive month in July, with factory orders falling by 3.3% in …
Is Your Manufacturing Business Prepared for the Future? Read More »
The recent MLB Home Run Derby was a spectacle of power and precision, with players smashing baseballs out of the park. In contrast, the excitement of home runs captivates audiences; consistent base hits often secure victories. It is easy to believe that every presentation, report, or advisory session must be a home run. We often …
Base Hits Build Empires: The Power of Consistency Read More »
How you handle power as a leader or manager can define your journey to success. Let’s explore five common leadership pitfalls that can undermine your credibility and effectiveness and how to avoid them. The Fixer Pitfall New leaders and managers often try to solve everyone’s problems, micromanaging projects or offering unnecessary suggestions. Instead, focus on …
Avoid Common Leadership Pitfalls as an Emerging Leader or Manager Read More »
Meet Rick Slark, the owner of Slark Consulting Group. Rick is a seasoned writer and blogger with a keen focus on small business success. As a featured speaker and thought leader, Rick brings valuable insights and expertise to help your business thrive. Follow his journey and gain practical advice tailored to your entrepreneurial needs. Connect …
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