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The Perfect Blend

By: Lease Choice - Business Equipment Finance

Janine Allis’s success story, Boost, is a benchmark for others. And Janine says much of the genius in this strategy comes from her husband and co-founder, Jeff.

“We turn over close to $100 million, we’re in 12 countries and we have
just confirmed a deal with Nestle to launch a juice in a bottle in the UK,’’
Janine says.

Jeff employed lateral thinking to leverage some extraordinary payoffs.
“Our competitions have been unique,’’ she says. “We did a great
communication which was the ‘what’s your name?’ game. It was so simple but it worked like a million-dollar campaign. Everyday we had two names and listed them on the radio or in the stores.

For example, if your name was Peter or Janine you got a free smoothie,’’ she says. Suddenly we were getting talk on the street: “Hey, Peter, did you get a free smoothie from Boost? - A fantastic concept was when they gave away a Boost franchise on radio worth $200,000. It was a really cheap promotion and we didn’t pay any of the advertising because we gave away a store. We’ve just acquired Salsa, a Mexican chain of four stores that we’re growing.’’

CASH BOOST


What’s been your biggest cash flow concern?
Cash flow is always a concern – you have to be across it at all times.
A company has to have discipline to ensure it is profitable and strong.

What are some of the common cash flow pressures you’ve faced in growing Boost?
It’s easier to get money when you don’t need it than when you do, so
plan ahead.

How can your franchisees better manage their cash flow in the current environment?
Plan ahead! If you anticipate cash flow challenges in the future, get help
before the situation becomes more complex to resolve.

How does the increase in petrol prices and food costs affect Boost?
During times of economic uncertainty, prudent business practices really
pay off. Making well-considered choices for such things as retail sites,
staff, cost of goods, how much debt you’re carrying, will help businesses ride out challenging economic climates.

Have you ever used leasing?
Yes, we used leasing for our first 10 company stores.

Article Source: http://article-resort.com

LeaseChoice is a business equipment finance and leasing company in Australia offering lease finance from small business to large corporations. LeaseChoice also specialises in vendor finance programs for the IT, Medical, Retail and Hospitality industries.

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