| “The Big Benefit Of Studying Other Businesses” |
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“The Big Benefit Of Studying Other Businesses”
I don’’t mean other stores in your industry. I mean other industries altogether. For example, if you sell vacuum cleaners at retail… What does the fast food business have to teach us? Or the restaurant business? Or the farming business?
I try to read every book that comes out by the owner of a business or franchise. I’ve learned a lot by studying what casinos do in Las Vegas to increase sales. The big benefit is this...You will see patterns of success. For example; I got my Gift Certificate program from the restaurant business. It went from being a Birthday Special” to becoming a way for retailers (starting with me!) to get referrals and get new customers to return.
The fast food pick-up window came from the banking industry. (or maybe it was the reverse. Oh well)
I spent 4 days hearing money-making ideas, and not one of the speakers were talking about vacuum cleaners...or even retail.
The principles are what you are looking for. |