Archive for the ‘Small Business Tips’ Category

Online Business – Necessity Or Luxury?

Is your favorite restaurant or local boutique online?    Would you be more likely to purchase something from the local boutique if you could order the latest chenille scarf from your bedside table?

Website hosting companies such as Shopster have made it very simplistic to create a new website and start selling online in minutes.   Having an online site builds trust between consumer and merchant because it can allow a browse before you buy (or eat).   Yet there are still a great number of local restaurants and shops that are reluctant… why?

With the boom of social media, not having a site could be detrimental to your company’s future success.

There are other ways to be active in the online community without a dedicated ‘full’ website.   Creating a dedicated company blog promotes trust and transparency by sharing your company values, and can be done without a full website.

You may think if you only have one or two items to sell, a website is overkill. Even if it’s just one product (such as this unique product for avid boaters –TuftedTopper), the mass consumer base enjoys the convenience of online purchasing. As a merchant, you need to determine what drives the intrigue in your product base.

You’re here reading this, do you have an online business?

How have you built trust and transparency between yourself and your consumers to create repeat customers?

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Archive for the ‘Small Business Tips’ Category

iTunes Shopper Fraud, Overstock News, New Denver 4G Service and Another Sign the World May be Coming to an End

iTunes Shopper Data Leak – I was reading in TechCrunch the other day about how some fraudsters apparently hacked into the iTunes accounts of some customers that had their accounts attached to Paypal for payment and purchased thousands of dollars worth of music, videos, and applications.  It sounds like this was due to a glitch in the iTunes software and that Apple has agreed to make things right with the customers that were impacted but this is a reminder that money sitting in a Paypal account is essentially the same as a debit card attached directly to your bank account.  If someone gets a hold of your Paypal credentials, your actual money can be stolen instantly so shoppers should be very careful where they allow their Paypal information to be stored.

Overstock Starts a New Shopping Site – Overstock, a publicly traded company, announced yesterday that they are opening a new “private” shopping club site that will offer exclusive deals on certain brand-name merchandise on a rotating basis every 24-72 hours.  This new online store called Eziba should compete with the likes of Vente Privée, Beyond The Rack and One Kings Lane.

Downtown Denver has 4G Service Through Sprint – Like I mentioned in a previous post, I have been the happy owner of a Sprint HTC EVO 4G for almost 3 months now and have been waiting with baited breathe for Clearwire and Sprint to activate their 4G network in Denver that they promised “before the end of 2010”.  Well, nobody is really saying anything yet, but I now get 4G service throughout the downtown Denver area and am loving it!

The Situation Commands $5 Million this Year – I try to stay away from tabloid-type news in my posts here but I just couldn’t stay away from this…in a sign that the apocalypse is near, Mike “The Situation” Sorrentino from the MTV reality series “Jersey Shore” is reportedly pulling down over $5 million this year from endorsements and salary.  Something is wrong with the world when a guy can make that kind of money for making out with trashy women in hot tubs and getting drunk in night clubs!

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Archive for the ‘Small Business Tips’ Category

Small Business & Entrepreneur Tips from Whitney Zimet of I Am The Maven

Today’s small business interview is with the fabulous Whitney Zimet of I Am The Maven. Whitney runs a really cool site that connects moms with local deals.  Some of these great deals include offers at cool restaurants, fun family activities, shops and even online deals on a range of items.  Whitney has taken her super diverse professional experience including a stint as a corporate marketing executive at Redken and she over the last 14 years has lived in LA, NY, DC, Ann Arbor, Atlanta and now Miami.  It was during these last 14 years that people started calling Whitney “The Maven.” So in 2008 she tapped into her small business, startup and entrepreneurial roots to start I Am The Maven.  Her motto is simple: connecting savvy moms to fabulous local deals at the best places! Whitney’s story is a great read for the small business community and she gives us all some great tips in this interview.

1. Tell us about I am the Maven and who you focus on serving?

I Am The Maven connects savvy moms with fabulous deals at the best places.  We find the best local shops, food, services and activities in the Miami area and provide coupons, behind-the-scenes videos and all the scoop to hook moms up with exceptional local businesses.

2. How did you get your started selling online?

After I graduated from Emory University, I was a pretty successful executive recruiter until I found my niche in corporate marketing/advertising with Redken in NYC.  I met my husband, then moved several times (Los Angeles, Ann Arbor, Miami) for his career.  Along the way, people started calling me their “Maven” (a.k.a. a go-to girl for recommendations on just about anything).  I wanted to meld the things I enjoyed and was good at at into my own business.  This would allow me to attend ballet recitals and generally be present in my children’s lives while keeping my brain sharp and my confidence as a woman and professional.  As a mom myself, I saw a need to cut through the clutter of traditional advertising and compel action amongst the mom community– specifically directing them to fabulous stuff that caters to their lifestyle (whether a doctor, a donut place or an eco-friendly carpet cleaning company).

3. What inspires you to grow the I am the Maven business?

Firstly, I feel that there are wonderful local businesses that many moms don’t go to or even know of because they are so busy running around and being totally overwhelmed.  Why not go to a local shoe store that really knows how to fit your child’s feet & carries the brands you want and some new ones you might not know about?  My dad had his own retail store for 27 years, so I have lots of empathy for small business owners.  Secondly, I want to create a winning formula for a business that can be franchised to other local mavens.  I believe there are a large number of smart, savvy women out there who may have put their own careers on hold or to the side to raise a family.  The standard 8-5 of corporate America is NOT friendly to moms and some of the other opportunities for flexible employment are not inspiring to me or make me feel uncomfortable about having to sell stuff to friends and family.  I feel that I Am The Maven is an unbelievable brand that, with the right local maven, can be a fulfilling and rewarding opportunity both for the maven herself and for the local business community.

4. If you had 2 lessons learned from your business that you could pass on to others about selling online, what are those?

I don’t actually sell anything online, rather I provide information, coupons, contests, videos and other fun stuff.  In March 2010 my website was relaunched after a year of development.  It was incredibly difficult and time-consuming but ultimately extremely successful.  My advice to people about an online presence is to keep it simple and clean and VERY easy to navigate AND to have a Content Management System (CMS) so you can update your site yourself.  Also, don’t neglect the SEO stuff.  If you send out emails to a distribution list, tailor the message for the groups.  For example, I don’t send emails detailing a special new patient rate at a Miami dentist to the people who elect to receive my “Online/Everywhere MavenDeals.”

5. Where will I am the Maven focus most of its energy this year?

We are expanding our presence to 35 local schools (offline we distribute reusable grocery bags called MavenBags filled with custom gift cards to Maven-Approved businesses) and will be attending more community events that focus on the family. Additionally, we’ll be leveraging the Maven-Approved brand by creating cross-promotions with non-conflicting featured businesses that allow them to get more bang for their buck!  Lastly, we’ll be adding staff locally so that I can begin to focus on franchising opportunities and other corporate initiatives.

6. What do you see as 2 new trends in for small business and in your business?

I feel that small businesses are recognizing that they can’t do everything themselves.  Like my business, there are others out there who are motivated to work with smaller businesses and are tailoring programs to meet their needs.  It used to be that it was all about the big accounts– big national names.  Now marketers, website designers and other professionals are coming up with ways to help smaller businesses in more sophisticated ways, that don’t cost an arm and a leg.  Another trend I see is that local businesses are teaming up to drive customers into their location– whether with events, cross-promotions, business improvement districts & local chamber of commerce.

7. If your business/store could be any movie or movie character, what movie/movie character would it be and why?

I guess I Am The Maven would be a cross of a less vicious version of Meryl Streep’s magazine editor character in “The Devil Wears Prada” (specifically her intolerance of anything sub-par) and Michelle Pfeiffer’s struggling career mom in “One Fine Day” (who made a costume out of duct tape and shoulder pads that were in her purse; also the romantic interest of George Clooney- yummy!)

8. If I am the Maven could have a dream spokesperson for your company who would it be and why?

This is a tough one as I am the maven.  Literally.  But I guess Oprah is a close second, although I don’t think she has kids.

9. What is the biggest challenge that I am the Maven faces as a small business and how do you work to overcome that challenge?

It’s absolutely critical that the businesses we promote meet the certain quality standards for value, convenience, the fun factor, price, selection, service, eco-friendliness (if possible), etc.  This is the cornerstone of the I Am The Maven brand.  Particularly when I began the business, it was a struggle to get certain businesses to participate because they were either already successful/awesome (which is why I approached them) or because they didn’t “get” what “Maven-Approved” would grow to mean in the community or the only businesses that were interested weren’t suitable for our audience.

It’s always difficult to turn away a shop or whatever that just doesn’t meet our standards.  But can you imagine if we worked with a shop that was totally disorganized with bad lighting in the fitting rooms and a salesperson who was no-where to be found?  That would compromise the integrity of our brand.  Another challenge is there is a certain amount of exclusivity to I Am The Maven, depending on the level of promotion the business elects.  For example, you won’t see 5 pizza places in the same general area on our website.  This limits the number of businesses we can promote, which of course limits our revenue.

10. Do you have any parting thoughts for our readers and the small business community?

I never thought I would be an entrepreneur (although if you ask my friends and family they would tell you they aren’t surprised) but the stay-at-home mom thing just wasn’t enough for me.  I looked at my professional strengths and what I actually ENJOY doing.  Sometimes those don’t mesh, but for me they did.  I thought about a problem in the marketplace that I could solve (moms finding out about good local places and being incentivized to go to them).  Then I put my nose to the grindstone and planned the heck out of my business concept. When I launched in October 2008, I began rather small and incrementally grew, never allowing my growth to outpace my revenue except on rare occasions (like my website re-build) when I knew I could re-coup.  I have stayed true to my voice and my brand and, with only a few unpleasant exceptions, followed my gut even when all the other signs pointed the other direction.  Being a successful small business owner and entrepreneur means you must be relentless in your pursuit of excellence. I love being my own boss!

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Archive for the ‘Small Business Tips’ Category

The Magic of Metrics

As a small business grows and not only builds the customer base but also expands the solution offerings, a metrics tracking method should be developed. There are a wealth of options of different metrics to track across any business. The hype for small companies seem to focus on SEO and website traffic metrics, but there are other business and process facing metrics that can greatly help a small business grow and succeed.

This article promotesmetrics are magic.  Key areas that can keep all team members in-check are to outline metrics surrounding milestones with dates and deadlines, and tracking of metrics like calls, presentations, programming modules, etc.

Depending up on the size and complexity of your business, utilizing a tool set to track and report on metrics could be very useful.  This provides the business leaders an avenue in which to review and evaluate trends and to determine if new solutions are working as expected and increasing cash flow.

Metrics help to outline the quality and measurement of success for any given business, product or process.  As a small business owner, factoring quality into daily activities helps to keep the entire team focused on top quality solutions and practices

What defines a quality metric and tips how to determine where your solution measures up?  The key is to create a metrics roadmap early in your business cycle so that you can formulate processes and checkpoints throughout that adhere to it.

The metrics you track will change over time, as your business expands (or shrinks).  You must also be diligent in that tracking process and share out not only the positive metrics, but the negative ones as well with your entire team. The only way to improve upon your business processes and ensure quality is to define the metrics and make appropriate changes to continue to improve them.  And allow your business to evolve in a positive light by continuously reviewing the metrics and creating new benchmarks that define your business success.

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Small Business Lessons from Alli Donofrio of Pre-Loved Consignment Boutique

Today KikScore sits down with Alli Donofrio, the owner of the very cool boutique called Pre-Loved Consignment.  Her store is a very unique type of boutique that offers a variety of quality merchandise ranging from casual to formal wear, to accessories, handbags and much more.  Alli’s store is in Pompton Lakes, New Jersey, but she also sells online.  In this interview, she gives the small business community (and all of the shoppers out there) some great tips on small business life.

1. Tell us about Pre-Loved Consignment and who you focus on serving?

Pre Loved Consignment is a unique boutique……. far from your average thrift shop! I focus on serving everyone. I think with today’s economy… budgeting your money and saving is most important! My store is focused on value & style.. what more could you ask for !

2. How did you get started selling online?

I just recently opened up my store online- I did my homework first before doing so- searching for the best website designers I could find (Palmtree Creative LLC). We get a good amount of customers in the store- but I think to widen the audience and viewers of our selection of awesome stuff – opening an online store was the greatest idea!

3. What inspires you to grow the Pre-Loved Consignment business?

Other successful stores and consignment boutiques – like my own.

4. If you had 2 lessons learned from your business that you could pass on to others about selling online, what are those?

Customer service is very important- Make sure you are there to help them at all times! Also make sure you use a secure website (such as PayPal)- people want to know they are using a secure site – which means they will come back to shop again.

5. Where will Pre-Loved Consignment focus most of its energy this year?

It will focus on what my customers want and will focus on finding new ideas on how to grow!

6. What do you see as new trends in for small business and in your business?

Consignment boutiques are flourishing every where. They are the hottest businesses to open up today. Id say Consignment alone is a new hot trend! And this article on NorthJersey.com actually discusses the tend!

7. If your business/store could be any movie or movie character, what movie/movie character would it be and why?

I think it would be Betty Boop – Shes Hip, chic , flirty and fun – which best describes my store!

8. If Pre-Loved Consignment could have a dream spokesperson for your company who would it be and why?

I think any young or old woman into fashion- and not afraid to wear pre-owned clothing , handbags and shoes. It does not necessarily mean you are poor or do not have enough to buy new. It just means you know how to shop smart and you know how to get more for your money!

9. What is the biggest challenge that Pre-Loved Consignment faces as a small business and how do you work to overcome that challenge?

The biggest challenge is trying to get our name out there more! Advertising can be pricey but its the most important thing to get involved with when opening up a Small business!

10. Do you have any parting thoughts for our readers and the small business community?

“Don’t Underestimate consignment you’ll be surprised by the treasures you can find !” “Buy More Pay Less!”

Let us know if you have any thoughts for Alli and Pre-Loved Consignment.

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Archive for the ‘Small Business Tips’ Category

Is Google Good or Evil?

I was reading this article today on Gizmodo about how a “Vision document” recently released to the public was created by Google 2 years ago and makes reference to the fact that Google was considering selling Internet surfing and search data from visitors to their site.

This would be a big deal for a few reasons if it is true because Google has claimed for years that they would never user their customer’s personal data for “evil” reasons like making billions of dollars.  This would also be big news because there are other companies like BlueKai and Exelate that currently offer similar “tracking services” for help companies determine what the best keywords are to use in their ads to get the most clicks.  Needless to say, if Google decided tomorrow that they were going to be in this business, these companies would instantly be put out of business and Google would be the leader in this area.

I think that this would also be big news for consumers and merchants because it just might change the way people think about and/or use Google.  If you knew that you were going to get a bunch of emails or targeted ads based on the words you searched on in Google I think you might actually think a little a more before you made that search or before you automatically typed “Google” into your web browser.  This may very well end up being the reason that Google also never does become “evil” and start selling this data because unless their competitors start to do the same, consumers may start moving to Bing or Yahoo if they feel like Google is “selling them out” or carelessly sharing their previous search data.

Would you consider stopping to use Google if they started sharing your searches with other companies for money?

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Archive for the ‘Small Business Tips’ Category

Build Trust By Listening and Sharing

A couple weeks ago, I focused on the need for valuable and easy to use feedback tools for your customers.  While continuing to research this topic and build best practices for KikScore, a colleague shared this great article with me on How to Make the Most of Customer Feedback.  As a small company, I realized we tend to get caught up in task items of the release schedule we’ve set forth and lose sight of the customer connection – until an issue arises and you are placed in emergency mode.

This article touches well on the subject of empowering customer-facing employees.    As you continue to expand your solution offerings and grow your customer base, this becomes a critical area of focus.  And it’s not just sales personnel, this includes customer support and even marketing resources who are interfacing with customers on a regular basis.  By giving your employees the right tools to not only listen to customer input but also to respond and raise awareness throughout the rest of the organization.  This also goes to the level of communicating in a transparent manner to your customers on what is coming next from your company.  This helps to promote trust between company and customer and shows how your company listens and reacts.

The aspect of close the loop with those giving feedback empowers your customers to then not only see how you take their opinions to heart but also how your company strives to prioritize and stay one step ahead.  Simple steps to promote customer loyalty and make your business a success.

What feedback processes do you have in place and how does your business track and prioritize them?

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Archive for the ‘Small Business Tips’ Category

7 Tips for Startups & Small Businesses from Our First 200 Posts!

On Friday, we passed the 200 blog post mark on the KikScore blog.  For us folks that are working on the blog on nights and weekends, I think that is a pretty special achievement seeing that we hit that 200 posts mark in well under a year’s time since this blog was launched late in 2009!  So to my fellow writers, I say thanks and great job.  But much more importantly to our readers and the community we say thanks.  We hope that the next 200 posts will be even better.

So to mark this occasion I thought it would be nice to give some our our tips and lessons learned for small businesses and startups through our prior posts.  So here they go.

1) Stay Positive & Remember Why You Are In Business – The road for small businesses or startups is paved with many roadblocks.  The key is to keep your chin up and do not let those obstacles get you down.  To that point, we talk about the continual need for small businesses and startups to be optimistic in a post that makes its point from a spilled margarita.  Also in addition to staying positive, it is important that you remind yourself why you are on this entrepreneurs journey.  We actually discuss that need to keep in mind the influences of the entrepreneurial spirit in your day to day business.

2) Launch Early – Every startup engages in that internal discussion of when should we launch our product and when is it really ready?  For every startup it is a little different, but I think we would likely come out on the side of launching as early as you can.  We actually discuss this debate about when is the time to launch your new product and whether you should wait until it is just right.

3) Get & Act on Customer Feedback – As a small business or a startup, it is critical that you have the tools to gather customer feedback.  But perhaps just as importantly, you business needs to analyze and then act on that feedback. This is a post that describes some of the tools that are available for getting customer feedback.  Also we laid it bare to give you an idea about how we were looking at customer feedback when it came to our own KikScore product features.

4) Stay Focused & Have a Plan – With so many distractions for your startup or your small business, it is often a challenge staying focused.  We covered steps to address this issue with two posts that highlighted ways to stay focused with an analogy to the great SNL skit “More Cowbell” and tangible actions that your company can take to keep your team focused.

5) Have the Right Team – This point is so important because without the right team, a company will fail.  The right players, in the right position with the right game plan help increase the chances for startup and small business success.  These points were highlighted in our posts about the US World Cup Team, building the right team, lessons from team building from the NFL Draft, and learnings from the recent Lebron James fiasco.

6) Be a Leader and Roll Up Your Sleeves –  Following on the right team, each of the team players in a startup or small business need to be leaders and be proactive, relentless and constantly trying to push the business forward in big ways!  Wall flowers are generally not the best for startup and small business teams, instead you have to be able to wear multiple hats, improvise when necessary, be creative and always be aggressive.  Our two part series on small business and startup leadership discussed this important topic in more detail here and here.

7) ABP – Always Be Pitching – Our tips to startup and small business is get out there and talk about your business, your product, and get feedback.  Do not be one of those people that is always talking about themselves, but at the appropriate times at networking events, with contacts, with key players and potential mentors talk about your business so you can get different ideas and also potentially get introductions to people and companies that can help you build and grow your company.  We had posts on this topic about elevator pitches and again an internal lesson at KikScore we learned from talking to people titled, Why Didn’t We Think of That?.

We have many more posts and hope to have many more in the future. Please let us know if you have any thoughts or tips for small businesses and startups!

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Twitter-bay-zon…Twitter, eBay and Amazon Combined into One App!

I was reading this TechCrunch article today about how Amazon just incorporated a Facebook tab/section into their website so that customers can supply their Facebook account information and then automatically see what their friends’ wish lists are or what CD their friends just purchased so they can buy it too.  I thought that this development was interesting because it is basically the largest eCommerce company integrating with the largest Social Networking company in this way and it could mark the beginning of a new trend.

What would be some more interesting eCommerce/Social Networking “mash-ups” that we could dream up here?  Another interesting match-up that I thought of in this area was the combination of Twitter and eBay.  I think that it would be very useful for people that are trying to sell a product in an auction on eBay to be able to automatically broadcast this auction over Twitter real-time as bids are being made.  To get a little crazier here we could even add an Amazon integration into the mix where users could see live streaming tweets on an Amazon product page of the same item being sold on eBay!  Let’s call it “Twitter-Bay-Zon”!

On second thought, I am guessing that Amazon wouldn’t be too happy about this partnership I just proposed here as it would directly interfere with the current used-item marketplace that they already have, but I think you are catching my drift here.  Are we about to see a major melding of the eCommerce and Social Networking companies online?  I think that it only makes sense and would lead to increased sales, advertising, and users for everyone involved…so why not?

Here are a couple more eCommerce/Social Networking mash-ups that I just thought of that would be interesting: MySpace & Amazon and YouTube & NetFlix. What are some other partnerships like this that you see forming in the next 5 years?  What company could you see your business partnering with to get an advantage over your competition in the same way?

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Archive for the ‘Small Business Tips’ Category

Kebabs, $18 Wine & Customer Service – A Small Business Story of Feeding on the New Competition

This is a story about one of my my family’s favorite neighborhood restaurants and what they have done to respond when the competition has literally moved right next door.  My wife and I love middle eastern food. I could easily live on a meal plan of  hummus, lamb kabobs, donner platters and falafel for lunch and dinner…..yes, call me crazy but I really like good middle eastern food.  So one of our favorite restaurants is called Pasha Bistro and is literally right down the street from our house (and one of KikScore’s offices!).  So my wife and I either make the trek over there or order out from Pasha Bistro almost once a week.  And we are not the only ones.  We have close friends in the neighborhood who also love Pasha Bistro too.  So much so, that on a recent night out at a spring bbq, a number of the attendees spent way too much time talking about what were our favorite menu items and even discussing a comparison on Pasha’s fantastic and extra garlicy hummus versus other more watered down hummus from lesser take out places (Mike, yes, that includes Lebanese Taverna the place he drags us all each time he is in DC- by the way for anyone with real taste buds and not from Fargo, Pasha is so much better than that Taverna!).  Bottom line, if you are in DC and especially in Dupont Circle, check Pasha Bistro out you will not regret it.

So what’s the point to this story?  Well the big talk in the neighborhood this summer in DC has been, Did you see who moved right next door to Pasha Bistro? Well that formerly empty location next door to Pasha Bistro was only known to me as the nasty bar where I had to watch the Red Sox complete their inevitable come back from a 3-1 series deficit in 2007 and beat my Cleveland Indians to advance to the World Series. It is now a brand new Mediterranean restaurant called Agora.  Take that Pasha Bistro the owners of Agora must have thought when they opened up in newly renovated digs, right next door.  The two restaurants are so close that a diner eating on the patio at Pasha can literally reach over a small patio fence that separates the two restaurant’s respective patios and swipe his bread in the hummus dish of a customer at Agora.

So when you were the only Middle Eastern restaurant on the block (17th Street) for years and build up a large and loyal following, what did Pasha Bistro do in response to Agora’s arrival right next door?  Well all of us small businesses and startups can take a lesson from what Pasha Bistro did to fight back against Agora over the last few months since its opening:

1) Beat them with customer service – So Pasha Bistro typically has good customer service when we eat there or order take out from the restaurant.  But when we visited Pasha after the “new neighbor” arrived, the service was amazing.  Every little item related to our dining experience seemed like it was focused on by the wait staff at Pasha.  They greeted us even more warmly then ever, they fawned over us before, during and after dinner and they truly looked after us.  The Pasha Bistro staff clearly went the extra mile and made that dinner out even more enjoyable that on previous occasions by being just so amazingly customer focused.

2) Emphasize your strengths – So when the competition moved in, it was almost like Pasha said lets ignore those Turkish invaders on 17th Street.  Pasha did not get distracted by trying to introduce new food dishes and entrees to compete.  Instead, Pasha cooked the same food the same way and the dishes remained first rate, the customer service (which was already a highlight) only got better and Pasha focused on one main ingredient, keeping their customers happy.  These were (and are) Pasha’s strengths and what the ownership did was played to those strengths every day at dinner when new and returning customers came to dine.

3)  Focused on your target market – The invading restaurant clearly was pushing more of an “upscale” dining experience that even included a chef standing outside decked out in a head to toe white chefs outfit with that funny hat. It would have been easy for Pasha to abandon their target market and try to go after the more “upscale” diners.  Instead, Pasha remained loyal to serving their target market of casual middle eastern dining.  There was no white table cloths or stuffy waiters – Pasha just said keep it casual and keep it good – real good.

4) Create unique offerings that keep your loyal customers happy – Following up on the last point, Pasha actually said from a strategic perspective what can we do to further solidify our customer base?  Pasha created a great, every day special that appeals to all diners (that especially like to have a drink with dinner!) and that is an $18 special for any bottle of wine, any day of the week including weekends.  And no, Pasha did not fill their wine list with Boone’s Farm or Mad Dog and try to sell that for $18.  They largely kept their same wine list with good wines and applied this great discounted offering for any dinner.  With this new deal, they got my wife and I hooked and a bunch of my other friends in the neighborhood too.  The $18 a bottle wine offer was a great competitive response by Pasha Cafe to Agora that allowed Pasha to lock in their customers and give us something new to keep bringing us all back.

5) Do not freak out when the competition moves in – From all of this, the one thing is clear and admirable: Pasha Bistro did not freak out when Agora moved in next door. They could have and in many instances you hear of small businesses and startups that freak out when they get a little competition.  The learning from here from Pasha’s experience is they took a deep breathe and said lets go on the offensive, but lets also be smart, targeted and tactical about going on the offensive against Agora.  That is the key here, Pasha mounted a competitive response to the new entry and now Pasha just needs to sit back and keep executing on their response to Agora.

What do you think about Pasha Bistro’s response to Agora?  Please tell us your stories of responding to a competitor moving next door.

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