During my first year of business school, in the law course, we learned about the different types of corporate structures: LLC, S-Corp, C-Corp etc. We discussed the reasons why a company may choose one structure over another; this usually related …
If you’re already producing food in a licensed environment, such as a restaurant or catering business, becoming a wholesale producer could be the next step for you to increase revenue by adding a new sales channel. You’ve already got the …
I’ve been hearing a lot about food hubs lately, but it wasn’t until Iattended a workshop at NESAWG this past February that I fully understood what they are. What I’ve been calling aggregators (companies like Farmers to You and Boston Organics) are, in fact, …
Here’s an overview of the different articles we’ve written in the past four years. They’re always available in full on our website.
One of the lessons I’m reminded of time and time again is that the skills that make a great entrepreneur in a start-up company are not necessarily the skills needed to grow a business. Starting a business requires a lot …
We’re sick of New Year’s resolutions, too, don’t worry. But January is as good a time as any to take a step back and review your approach to growing your business in the coming year. That empty calendar is just …
This is a PSA for those food entrepreneurs trying to finance their ventures, whether you’re established, starting up, or still dreaming: there’s funding out there, waiting for you to find it.
A few years ago, I heard a presentation by Acción about their loan packages for food and beverage entrepreneurs. I was shocked to learn that their interest rates were around 16%, marginally lower than a credit card. For an organization with a …
At the Slow Money National Gathering last month, I gave a Fundraising 101 presentation that covered the basics of business planning and financial projections required when seeking investors or loans. One of the first questions asked was, “How does Slow Money business planning differ …
I started working with a new client last week who wants to re-energize his business. In our initial meeting, I asked him his goals for the strategic audit. He replied, “I want to make a profit.” I responded, “How will …