What Is the Right Price to Pay for a Convenience Store?
Over the years, I have given presentations at state associations of convenience stores and at NACS around the country and spoken with hundreds of people who always want to know what is the right price to pay for a convenience store. The first thing everybody thinks about is EBITDA, which is an accounting term for earnings before interest taxes depreciation and amortization, aka net profit of the convenience store before you apply any outside expenses like supervisors or home office expenses. Then people take the … CONTINUE READING
Find a Trustworthy Pet Sitter
When your children were young, you wouldn’t trust their care to any old babysitter, would you? Of course not! Now, your pets are no different. When you head out for a summer vacation, they deserve to be cared for by someone who will pamper and protect them the same way you would. The only problem is, who? … CONTINUE READING
How to Revive a Failing Marketing Strategy
Marketing isn’t easy, and despite spending countless hours and resources crafting a marketing strategy, it can still fall flat. The definition of a “failed” marketing campaign is undoubtedly subjective, but if you see that there’s been no significant impact and your ROI isn’t cutting it, then it’s time to get back to the basics … CONTINUE READING