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      • Nhinja May
      • Nhinja Edmond
      • Nhinja Rockwell
      • Nhinja Yukon
    • Nhinjo Sushi • Grill
  • About
    • Publications • Media
    • Contact
    • Events
    • MUST-HAVES
  • Blog
    • 5 Ways to Teach Your Kids Entrepreneurial Skills They Can Use for Life
    • Social skills far outweigh academic success in early years
    • How to Help Children Develop Grit
    • My 2019 Reflections
    • My Top 14 Passive Income Ideas for 2019
    • Why Launching 4 Books in 1 Month Hasn't Made Me Crazy
    • Toughness Between the Ears Serves You Everywhere in Life
    • The Benefits of Juicing
    • The Truth about Home-Schooling
    • Owning a Restaurant
    • Fail. Then, grow grit.
    • I have been married to 4 different men
    • Tennis skills translate to life
    • Goal-setting for kids
    • Boys and businesses
    • I Eat Shit Everyday
    • The process will be slow, but you will succeed
  • Books
    • Ninja Life Hacks Series >
      • Collect Them All
      • Ninja Printables
      • Ninja Journals
      • Ninja Apparel and More
    • Mini Movers and Shakers Series
    • UnicornPreneur Series >
      • Arial, the Astronaut >
        • Astronaut coloring pages
        • Astronaut DIY Craft
      • Arial, the Unicorn >
        • Unicorn coloring pages
      • Arial, the YouTuber >
        • YouTuber Printables
        • YouTuber DIY Craft
      • Arial, the Yogi >
        • Yogi Printables
        • Yogi DIY crafts
      • Arial, the Chef >
        • Chef Printables
        • Chef DIY Craft
      • Arial, the Good Witch >
        • Good Witch Printables
        • Good Witch DIY Craft
      • Arial, the Secret Santa >
        • Secret Santa Printables
    • Grow Grit Series >
      • How to Win the Wimbledon in Pajamas >
        • Wimbledon VideoBook
        • Mental Toughness Growth Plan
        • Tennis DIY Craft
      • How to Win the World Cup in Pajamas >
        • World Cup VideoBook
        • Mental Toughness Growth Plan
        • World Cup DIY Craft
      • How to Win the Gold Medal in Pajamas >
        • LUNCH
        • Grit Growth Plan
        • Olympics DIY Craft
    • Sushi: A Children's Book >
      • Sushi DIY Craft
    • Schools • Bookstores >
      • Adopt a Teacher
  • Health Grit
    • All Recipes >
      • Banana Greek Yogurt Oat Muffins
      • Indulge with moderation
      • Clean Chocolate Candy
      • Maple-glazed Pork with Sweet Mashed Potatoes, Roasted Cauliflower, and Arugula Salad
      • Meal Prep Tips and Ideas
      • Matcha Green Tea Pecan Protein Balls
    • 55 Scrumptious Shakeology Recipes
    • Shakeology
    • BREAKFAST/SHAKES >
      • 55 Scrumptious Shakeology Recipes
      • Crispy Bacon
    • DINNER
    • DESSERTS • SNACKS
    • DRESSINGS
    • MARY'S NUTRITION TIPS
    • MARY'S MINDSET TIPS
    • HOW-TOs
    • Fit Grit >
      • 15 Day FitLife Challenge >
        • 15 Day FitLife Challenge Application
        • 15 Day FitLIfe Membership Page
        • 3 Day Coach Sneak Peek
        • Free FitLife Lifestyle E-book >
          • Free FitLife Lifestyle E-book pdf
      • Fit Challenge Packs >
        • 21 day Fix EXTREME
        • 3 Day Refresh Challenge Pack
        • Insanity Maxx 30
      • Sign Up Free Coaching
      • Yoga
      • HIIT
      • Buns
      • Arms
      • Abs
      • Legs
  • Business Grit
    • Be a Restaurant Franchisee >
      • Restaurant Coaching
    • Be a Writer/Publisher >
      • Author/Publisher Coaching
      • Courses >
        • How to Convert Your Book on Amazon Into a Cash Cow >
          • How to Convert Your Book on Amazon Into a Cash Cow
      • Free For Authors >
        • ​Action Steps to Publish on KDP
        • Self-Publishing Tools
        • Author Tools
        • 7 BEST ways get Amazon reviews >
          • 7 Best Ways to Get Reviews PDF
        • Is a Press Release Really Worth It
        • 7 Strategies for KENP Reads
        • Work on Your Business, Not In It
        • Should You Become an Amazon Influencer
        • My Publishing Journal
      • Publishing Packages
      • Social Media Influencers
    • Be a Coach >
      • The Grow Grit Team
      • Success Stories >
        • FITNESS CHALLENGERS
        • Business Success
      • Coach Academy Members Area
    • Business and Life Coaching
  • Restaurants
    • Nhinja Sushi & Wok >
      • Nhinja May
      • Nhinja Edmond
      • Nhinja Rockwell
      • Nhinja Yukon
    • Nhinjo Sushi • Grill

3/31/2020

Comments

The Paycheck Protection Program

 
We have been greatly affected by the recent Coronvirus crisis. As we struggle to maintain our businesses amidst the chaos, our President has dedicated $50 billion from the $2 trillion CARES ACT just for small business owners. 

After reading the CARES bill from Congress and speaking to my CPA and bankers, this is my perspective, only. You will, of course, want to talk to your financial advisor. But ultimately, your banker will be the one interpreting the rules from the SBA about the potential forgiveness and plan.

If you have a small business and you are in need of assistance, this loan which can turn into a grant is one heck of a deal.
​
For the full bill, read it here.

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Download SBA - Paycheck Protection Program PDF
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Download Debt Forgiveness PDF
RCB bank is accepting pre-applications now.
Comments

3/16/2020

Comments

Partnering with Third Party Delivery Services

 
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In our state (Oklahoma), Grubhub only has a small stake of the 3rd party delivery business. Here’s my advice to other restauranteurs for the other three top third party delivery services:

​
Research each platform my downloading their app and then actually use it by placing an order for yourself or your family. It would be similar to interviewing someone except they don’t know they’re being interviewed. I did this with each 3rd party service platform I was considering partnering with, at least two times each. My personal findings were this:


  • DoorDash wasn’t the friendlist and took the longest to deliver my food (over an hour).
  • UberEats app was the most user-friendly and my food took pretty long, but the customer service was A+.
  • Finally, Postmates was the fastest delivery service, but customer service was meh…


​Here are some tips if you’re considering a partner:

1. Once you decide on your delivery partners, do try to negotiate the commission they receive per order. Since we have multiple stores, we had more bargaining power. You can retain negotiating power by stretching out your meetings and duration of the contract negotiations.

2. Some platforms reimburse you for customer refunds on complaints and canceled orders, others do not.

3. Also, you’ll have to decide whether you will allow them to offer ‘Pickup’ of your menu on their app, in addition to delivery services. Since we already have a great on-line ordering takeout business, we opted out of the ‘Pickup’ option.

4. Since we started our partnerships with Postmates and UberEats, it has added 10%+ our bottom line and allowed us to tap into their pool of customers. Postmates has been the clear winner in our state. I think it’s because of the money they are spending on advertising in the right venues which I’ve witnessed firsthand.
​
I hope this sheds some light into the process for you and helps you make a decision. Also, if you don’t like that any of these 3rd party platforms are displaying your menu on their websites, you can send a Cease and Desist letter to them and they’ll take it down.

​
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