Acceler8Success Cafe Daily Friday 10.30.20

We must collectively commit to rebuilding the small business sector

The pandemic has reminded Americans of the outsized role small businesses play in our economy, employing 47% of the United States workforce, generating two-thirds of new jobs, and serving as a critical path to economic self-sufficiency. Yet, it has also revealed the fragility of many of these enterprises and the profound deficiencies in how they are supported by federal policies, private practice, and local action. Read more.

Living the Luxurious Entrepreneur Life with Grant Luxury

Entrepreneurship is essential for the business itself, but it also plays a heavy role in the economy. Firstly, it creates new job opportunities because a company needs employees to run the business smoothly. Secondly, entrepreneurship causes economic growth. Entrepreneurs bring new and innovative ideas to the market, helping society become more advanced and developed. The latter is one of the reasons why Grant Luxury molds people to be entrepreneurs. Read more.

Is Crowdfunding Right for You? Answer These 7 Questions to Find Out

You have an awesome idea and you need some money to get things started. Have you considered crowdfunding? Crowdfunding is a popular and increasingly approachable way to put your prospective product or business in front of millions of people, and thanks to the visibility of massive success stories, there’s a public perception that most crowdfunding campaigns end up being successful. The reality is, less than a third of all crowdfunding campaigns end up reaching their financial goals. Why? Some campaigns aren’t right for crowdfunding. Some aren’t properly planned. Some aren’t properly supported. Read more.

QSRs Benefit From Economic Growth

The U.S. economy grew at a record pace in the third quarter, reported The Wall Street Journal (Oct. 29). It increased 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of the ground it lost earlier in the coronavirus pandemic. Gross domestic product—the value of all goods and services produced across the economy—jumped following a record decline from earlier in the pandemic when the virus and related shutdowns disrupted business activity across the country. Read more.

Pepperoni’s growing popularity among consumers is based upon consistency in delivering high-quality NY Style pizza, exceptional customer service and excellent unit-economics. Coupled with a strong branding program, technology integration and low-investment level, Pepperoni’s is positioned to be the next disruption in the Pizza segment of Franchising. Request info.

Robots Will Replace Humans in Restaurants Sooner Rather Than Later

Your best server or bartender could soon be replaced by a mechanical counterpart, says a new study from Ball State University. But that doesn’t mean your customers will like it. In her study, “How to Build a Better Robot for Quick Service Restaurants,” recently published in the Journal of Hospitality and Tourism Research, Dina Marie Zemke, an associate professor of residential property management at Ball State University, found that the overwhelming majority of respondents believe there is no stopping the robotic transformation of the food service industry, including quick-service restaurants (QSRs). Read more.

How Successful Entrepreneurs Handle Rejection

Some blessings can come from rejection. Many entrepreneurs have been rejected, only to come back stronger. Did you know Steve Jobs was fired from Apple before he returned to turn it into the icon it is today? Harry Potter author J.K. Rowling was turned down 12 times before getting published. Don’t even get us started on Elon Musk, who was fired from PayPal before going on to co-found Tesla, SpaceX, and more. No one likes rejection, but rejection happens even to the best of entrepreneurs. That’s why it makes sense to learn how to handle rejection well and turn it into a learning opportunity for your business. Read more.

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