Lessons From Starbucks: Thinking Big While Keeping it Small
by Carrie Hinkel on February 13th, 2008
If your small business is growing rapidly and you have visions of multiple locations and franchises, that’s terrific. However, take a lesson from corner coffee shop turned corporate giant Starbucks, and don’t forget what made your company so popular in the first place. Less than a month ago, after showing the weakest sales period in the company’s history, Starbucks announced that it will close 100 stores. This was shocking news considering in the 1990s the company was opening a new shop every workday – and the rapid growth continued well into the 2000s. So what happened? Where did Starbucks go... Read more »