Skip to content
nicksplacegoa

nicksplacegoa

Advantages in doing business

Primary Menu
  • Advertising & Marketing
  • Business export inport
  • Accounting
  • Oportunity
  • Business & Finance
  • News
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • ‘It’s good for everybody’ [Video]
‘It’s good for everybody’ [Video]
  • Business & Finance

‘It’s good for everybody’ [Video]

By Julie S. Stricker 4 weeks ago


It’s not all business as usual for shore towns this summer.

Amid sky-high inflation and a labor market that’s deterred low-wage workers from returning to jobs, small businesses at seasonal communities are still struggling to stay afloat.

Cousins Maine Lobster, a “Shark Tank” success story that currently has 40 owned and franchise trunks nationwide with 9 dine-in restaurants, just opened a new location in Asbury Park, New Jersey — a seasonal town that’s betting big on the return of the shore.

Related Posts:

  • ‘Fantastic Beasts 3’ titled ‘The Secrets of Dumbledore,’ set to release on April 15 in 2022

Investor Barbara Corcoran (who is also a New Jersey native) told Yahoo Finance that communities like Asbury Park are a “walking symbol of what success looks like in tough times.”

“When you go to a community like Asbury Park, they’ve had many stores close. A lot of people can lose faith and think that this is going to be the future,” she said, alluding to the various economic challenges businesses face today from inflationary pressures to the tight labor market seen at restaurants, bars and other eateries.

According to official government data, although food service jobs have somewhat bounced back since the start of the pandemic, employment in the sector remains 6.4% below February 2020 levels as customer demand surges.

However, Corcoran said that Cousins’ new brick-and-mortar location can serve as inspiration for other small businesses “to make something happen,” and revive the local community in the process.

“It’s good for everybody. It’s like sharing the good news. Everyone does better because of it.”

Items served at Cousins Maine Lobster’s new Asbury Park location

The real estate mogul went on to explain the benefits of small towns and communities, noting that businesses generally do not see the same level of customer loyalty in larger cities and metropolises.

“People appreciate when you do something for the community. They come back, they give you their loyalty and you become part of the fabric of the town,” Corcoran revealed.

“With appreciation, business always does better. You can’t underestimate the power of people appreciating that you’ve brought something good to the community,” she continued.

It’s good for everybody…Barbara Corcoran on small business boom in beach towns

Sabin Lomac, one of the Cousins Maine Lobster co-founders, added that “having small businesses thrive in communities like this is essential.”

Asbury Park is “traditionally a seasonal location when you’re at the beach, so making sure that locals come down and they support businesses year-round is super important,” he emphasized.

Lomac added that, when it comes to labor, “hiring locally and giving people opportunities to grow within a company” are key elements to success.

“It’s fun. It gets people involved and more immersed in the community, and it’s a way to be part of something that is a destination location,” he continued.

Corcoran: Businesses need to ‘welcome change’

Shark Tank's Barbara Corcoran

Shark Tank’s Barbara Corcoran says small businesses need to ‘welcome change’

Overall, Corcoran advices all of her business to “welcome change,” especially in the midst of a challenging economic environment.

“You have to have a mindset that you’re looking for what the change is and that it’s not a threat. But, rather, how can I take advantage of it?”

“If I look at all the businesses I’ve invested on ‘Shark Tank’ — 112 businesses to date — about a third of them have moved forward [amid] the pandemic, but most of them have fallen to the side,” the investor noted.

She explained that the “distinction between those who have moved ahead and those who have fallen behind is really an openness for change and love of their people.”

“The more you take care of your people, the more they take care of the customer, and the better your business does,” she revealed.

“It’s that kind of heart and soul that really pushes people ahead, and it’s been proven in this last pandemic.”

Alexandra is a Senior Entertainment and Food Reporter at Yahoo Finance. Follow her on Twitter @alliecanal8193 and email her at alexand[email protected]

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube





Source link

Tags: Amazon Business Login, Amazon Business Prime, Bank Of America Business Account, Best Business Schools, Business Attorney Near Me, Business Bank Account, Business Card Holder, Business Card Maker, Business Card Template, Business Cards Near Me, Business Casual Attire, Business Casual Shoes, Business Casual Woman, Business Plan Examples, Ca Business Search, Ca Sos Business Search, Capital One Business Credit Card, Chase Business Checking, Chase Business Credit Cards, Chase Business Customer Service, Chase Business Login, Chase Business Phone Number, Cheap Business Cards, Citizens Business Bank, Cox Business Login, Digital Business Card, Facebook Business Suite, Finance In Business, Free Business Cards, Google Business Login, Harvard Business School, Lands End Business, Massage Parlor Business Near Me, Michigan Business Entity Search, Mind Your Business, Mind Your Own Business, Ohio Business Search, Risky Business Costume, Skype For Business, Small Business Loan, Small Business Saturday 2021, Starting A Business, Texas Business Entity Search, Triumph Business Capital, Vending Machine Business, Verizon Business Customer Service, Vonage Business Login, Wells Fargo Business Account, Yahoo Small Business, Yahoo Small Business Login

Continue Reading

Previous ELFA: New Business Volume in Equipment Finance Rises 7% Y/Y in April
Next Best VPN service (2022) | ZDNet

Recent Posts

  • 6 Marketing Strategies for Accounting Firms
  • Female finance leaders outperform their male peers, so why so few of them in academia and beyond?
  • What Is The Finest Approach To Learn SEO And Affiliate Advertising and marketing?
  • Equity market’s struggles offer growth opportunity for debt financier Horizon Technology
  • Michigan Attorney General seeks total reproductive rights enshrined in the state constitution

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • November 2018
  • October 2018
  • January 2017

Categories

  • Accounting
  • Advertising & Marketing
  • Business & Finance
  • Business export inport
  • General
  • News
  • Oportunity

Visit Now

Why Is Education Important

BL

TL

Intellifluence Trusted Blogger
Copyright © All rights reserved. | Magazine 7 by AF themes.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT