Streamline Your Operations & Control Costs With Big Catch Consulting
1) Schedule A Risk-Free Consultation, On The House: Every great business plan starts with a conversation. During our initial meeting, we’ll dive in and discuss where you’re at and where you want to go, beginning to sketch out a picture of your aspirations for the enterprise.
Case Studies
Essential Disaster Preparedness Strategies For Business
If the last four years have taught us anything, it's that failure to plan is planning to fail. Without a disaster preparedness (...and subsequent recovery) plan in place, a business can incur significant financial losses, reduced staffing/productivity, out-of-pocket overhead expenses, and severe damage to their reputation that can lead to lost customers, revenue and even forced closure.
Here Are A Few Tips To Keep In Mind:
Like Romans 13:8 says "Keep out of debt and owe no man anything..." Knowing your numbers helps keep a balance sheet well-balanced. Maintaining detailed P&L and updated balance sheet numbers and reviewing them on a quarterly basis will keep you from getting caught by surprise during a financial crisis. A great strategy for debt is simply minimizing it to the best of your ability to build a safety cushion. That way, in the event of a catastrophe, you are better prepared to move around your capital reserves to address problems as they arise. Also, keep your payables current in order to build a strong credit history with your vendors/suppliers. One of the key ways of navigating through any crisis is maintaining partnerships with individuals and companies that are essential to your business.Which Brings Us To The Next Section:
"I can do things you cannot, you can do things I cannot; together we can do great things." - Mother Teresa It is always a good idea to have strong relationships in place, but the ability to leverage your existing relationships is crucial for any business, let alone during a crisis. Building trust and history with key players who provide inventory and/or services (like banking, accounting and legal) that are essential to your operations is a game changer. You all remember that pandemic thing, right? It felt like we were in a live-action Hunger Games where the rules changed as we went along. There were a myriad of challenges such as warehouse shortages, supply chain problems, labor restrictions and compliance issues related to local and state governmental mandates that seemed to change every week. This is where strong collaborations come into play, as knowing who you can turn to (...and potentially lean on) when the world seems to be going crazy can make all the difference. That is the beauty and evolution of the human connection, which seagueways us into - "To master a new technology, you have to play with it." - Jordan Peterson Never be afraid to embrace technology. Zoom calls, working remotely and 3rd party apps became essential components of our daily business practices during the pandemic. This was particularly challenging to old-school operators who were locked in to the standard brick-and-mortar model. However, those who were flexible could easily pivot their service offering to adapt to new challenges. These business owners successfully utilized technology to increase their customer acquisition and better service guests/clients. They also found new ways to create additional revenue streams out of their current operations by adding new components to an existing model to provide ad-hoc solutions to thrive in the "New Normal" universe. Quite simply, any owner who successfully leverages technological advances is going to have a significant advantage over those that do not. Mark Twain once said “It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So.” When the pandemic hit, most business owners were surprised to find that they were exposed on their lease and insurance coverages. Scrutinize your lease and have your counsel look through various exit clauses, particularly damages due to governmental ordinances relating to temporary or permanent restrictions in response to public crisis or civil unrest. Moving forward in this new normal, a review of your leases will include going through terms and conditions with a very different perspective. The average commercial lease (like malls or shopping centers) may include clauses that address "Acts of God". Typically, if these incidents occur, neither party would be held liable for the terms of the lease during that tumultuous period. There may even be an exit clause option to be explored. For more information on disaster preparedness strategies for your business, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (424) 287-4779 today. Read More >
Restaurant Group Turns-the-Corner on Post-Pandemic Slump
- Overall Financial Performance (sales) increased by 10%.
- Labor Spend/Operational Deficiencies reduced by 20%.
- Sales/Marketing Initiatives opened up additional revenue sources
Sole-Proprietor Grows One Location Into Franchise Opportunity
- Assisted with Strategic Franchise Market Expansion Plan at 1/10th the cost of Corporate Unit Expansion.
- Advisement on Franchise Development Documentation to maintain compliance and minimize liability
- Exploration/Vetting of Franchising Partner Contracts to reduce overall costs and ensure ROI.
