Tag: Start-up company

CoffeeCakes.com and AnswerNet – A “Sweet” Combination

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By Celine Hundt, Contributing Author When Sherry Comes started her Internet coffee shop in 1995, she had no idea that her business would eventually turn in a radically different direction. The Internet café she envisioned proved to be ahead of its time, but the timing of the delicious coffee cakes sold at her store couldn’t have been better. Customers loved the coffee cakes so much that they asked how to order more for themselves and…

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Happy 11th Anniversary AnswerNet!

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I was in a meeting on Tuesday with someone, and I got to tell them the AnswerNet story (I love that story). As I got to the part where Bill and I did the first deal on that yellow pad, I pulled out our agreement to show it to my visitor and realized that Tuesday was the 11th anniversary of AnswerNet‘s start date as an operating company. While I was much younger, much lighter and…

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How to Manage Through a Downturn

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In looking at acquisition opportunities over the last eight years, I have seen a number of companies forced to put themselves up for sale because they failed to manage downturns in their businesses properly. Or, they failed to manage their businesses well when sales expectations were not met. It is important for CEOs of fast-growing companies to remember to manage their businesses downward when sales shrink (even if only temporarily), or when revenue opportunities are…

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