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Elias last won the day on March 20 2020
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About Elias

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- Business: Retail
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Next platforms-organizations, that would be more successful then Alibaba and Amazon, wil be developed by small business owners, their shoppers, experts, investors, supporters, influencers together. Such platform-organizations, will be not only online platforms, but will have as well their strong offline part - in a way of strong real offline towns (microcities), with their strong offline ecosystem & communities, integrated with online business models and online communities. Such next platform - organization - town (microcity), will be able to become a hybrid of multiple business models in
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Please share about the format of retail businesses you know are working during the quarantine. And including the ones who have adapted to it by making changes. And those who are preparing to adopt and re-open soon. As far as I know, and research - that convenience stores (such as mini-markets) are allowed to work in most countries. Those who are selling food, vegetables, and necessary products. Also, some cafes and restaurants are allowed to work through deliveries. Some cafes and restaurants have started their business model into hybrid format: starting selling fruits, vegetables, fresh me
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what small business owner should know about retail M&A?
Elias replied to Elias's topic in M&A for retail SMEs's Topics
M&A means Merger & Acquisition. Retail M&A - Mergers & Acquisition in Retail sector. -
Many small business owners are doing business in order to survive, or as their exit plan for retirement. In a daily survival game, or in a business that keeps people busy, often the very sence of business is getting lost. I believe that the ultimate goal of the small business is to create a value through it's products and/or services, and finally become value as a business for more bigger organization. This is what often is not discovered by smb founders. And this is something, what is necessary to improve. Because, it could provide and eye opening opportunity. Even if you as an smb owner are
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In what countries, what sectors, what specific businesses can benefit from POS financing? What services are available?
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I agree with the above vision of Loyverse.town and believe that it would grow into much bigger and broader then being a community of Loyverse users. There are much more that we can do at Loyverse.town and through it. Will be sharing about this step by step, and will contribute as well.
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It is the time for the shop owners, when it is necessary to breakthrough by focusing both on customers (shoppers) who are existing customers, and on a new customers as well. It is a good to experiment with a combinations - creating a hybrid of different formats: like combining a coffee shop, with delivery options and offering there as well necessary products for the nearby living people. For the small outlets it is the time, of the unifying hybrid formats of shops-cafes. Combining offline operation, with online deliveries. And empowering shop premises with necessary products and service
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If to bootstrap the restaurant yourself, it is better to start with the simple format. To make it cash positive experimenting with format, and forming a right niche of services for the right niche of customers. It could be a combination of cafe and small restaurant format. Even as a start it could be a cafe with a good menu.
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Now, looks in some countries - the trend is working from homes. But in South Korea, people are still actively visiting cafes, even though wearing masks.