4290 days ago
Another one of my occassional articles for 24n.biz on tips for SMEs or small businesses.
The restaurant I took control of six months ago hit that magical point last week. Hooray! It is no secret that the Real Man Pizza Company, which I bought in September, was historically a consistent and heavy loss maker. But we have done the basic things that others neglected to do: cut overheads, squeezed suppliers, adjusted prices that hadn’t changed since Harold Wilson was Prime Minister, upgraded, tweaked and improved the product offering. It was not rocket science. And it has worked. For a couple of months it has been making an operating profit. Last week it made a small profit including the central cost (me). So what next? It is the point any start up or turnaround business purchase dreams of hitting, but what next?
