Keep It Simple, Give Them Their Money’s Worth | Small Maine Businesses
In Northern Maine, it is all about value, simple living, don’t be extravagant in your spending.
Easy does it and your day to day all about moderation. Families in Maine frugally raised with the same approach to do you need it or just want it.
Pace yourself and consider very carefully moves in private spending and in running a business.
Small business in Maine is what the vibrant and often times struggling communities work hard to preserve.
Because if no local economy, last guy or gal leaving town, please remember to turn off the lights.
It is why so important to provide a service or peddle a product that is worth spending money on.
Not overpriced or only a small segment of the audience can spring for it won’t keep you in business long. Because being a neighbor or member of the small Maine community is not a guarantee everyone that lives in the burg is going to trade with you.
The rules of business clearly state there has to be a profit for you that only comes when their is a value for the customer. You can sustain a lull in the action, a downturn in a market for a period, and run pretty close to break even for a spell. But unlike government, it is not about deficit spending for long or you go broke.
Because the small Maine business owner will quickly bleed out with out a cash flow to pay his bills. Cease to exist happens if not. Because more red ink than the color black is flowing in the enterprise.
So how to make a living in a small Maine town.
For starters, don’t think of investing in a dream and then hiring everything done to launch it into reality. It will wobble after an initial honeymoon period. Because the meat and potatoes of it all is back to basics. That have to show up full force for work everyday.
Nothing is like the owner in the store. In Maine mom and pop, family businesses are the lifeblood of small communities.
Sure by George.
The big box outlets provide the low price because of volume buying that can pass along the cost savings.
Pinching pennies is nothing new in small Maine towns not flush with cash.
And what I call gypsy visits that touch down, land, and try to siphon revenue on the way out of the small Maine town happen everyday.
But when they have no sticks or bricks in the community. When no one gets a local job which leads to raising a family, paying taxes and community involvement.
That type of economic dynamic is the pin that pricks and burst the bubble. Of the merry go round of the variety and health of local businesses in Maine. That without new and revolving dollars that turn over in a small Maine town is a slow death sentence by sheer economic strangulation.
So the basics, watch the board, take very good notes in business 101 class.
Like in our household spending. Pay attention. Before we hire out the service, can we do it ourselves is asked. Is there money to even consider putting someone on the payroll or cutting a check to pay for the expenditure?
Timing is part of it with a new business and having a plan, a solid vision to keep the business afloat.
To hopefully expand and sock away a nest egg for a rainy day setback.
For the eventual retirement if another member of the next generation don’t step up or the small Maine business gets sold.
So what makes a new business survive, to grow is often tied to what makes the small Maine town great.
That is what the little guppy fish learning to swim in business is up against in the shark pool that swirls around him. Is there a need for the product sold or service available? If there is duplication maybe a slight degree change in the business dials and levers targets an audience not now being served.
The price you charge can not be determined by just what is needed to stay afloat either. Yes locals like to trade with someone in their small Maine town. But if overspending above and beyond for the value to do it. On what is offered, then the wallet and purse speak up. Get put away and the flow of traffic to the small Maine business slows to a crawls or stops altogether.
Folks in a small Maine town compare notes on the grapevine.
Is the business open the hours that are convenient for the target customer?
Is the place clean, the quality of the product or service consistently great?
Is the atmosphere and reception always over the top? Prices reasonable and a match to the surroundings?
Location easy to zip in and out with plenty of accident free parking?
Is there a sense that the customer can make constructive criticism or ask for something not provided and get a positive response?
Is it all about feeling like you are appreciated from the time you enter the store door to when you shut it behind you?
Glad they came in the take away feeling deep inside? Does the visit to the small Maine business become a habit, because of a pleasant experience every time you darken the door? Is your time valuable and not wasted in the professional, personable exchange of what gets rung up in the cash register?
We list, market, sell lots of small Maine businesses for sale.
And if someone wanted to know what is the secret to success it is two words.
All the time and fire in your belly passion to see it succeed.With no distractions.
By thinking customer and being the little red hen in the can I help you sincere request to assist them one by one. And you mean it.
The on the ball small Maine business owner understands and exceeds the customer expectations. Meet the needs and goes above and beyond. But also adjusts to the spending levels of the local customer. Or dies on the vine because they don’t. Or will not, can not put themselves in the local pair of customer mocassins of all sizes.
If you are thinking of starting a small Maine business, is it needed or something you wished the area had but does not? Every dream needs to be monetized to survive. Meet the payroll, pay the taxes and have resources for the expansion or to hang on. Survive a downturn in the economy. Or just growing pains thinking on your feet and adjusting along the way to the curves in the roadway.
Ignoring the rules of business makes the operation a short dream. Boom boom, out go the lights. Let’s talk. Would love to discuss your small Maine business dream . Or help you purchase an existing Maine small business, commercial listing that is ready to go and a match for your expertise.
207.532.6573 | [email protected] |
MOOERS REALTY 69 North Street Houlton Maine 04730