Category

Hawaii Business Smarts
Kona Impact has recently been attacked online by a neighboring business, most notably by posting fake negative reviews about our business online. Our stance is that we welcome honest and direct communication from our customers–positive or negative. We have no problem with truthful criticism, but slander is, well, slander and uncalled for in the business...
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Kona Impact has worked with tens of restaurants over the years. We spend a lot of time doing marketing research and activities for many businesses. Grow Your Restaurant in Hawaii Our top ten marketing activities for restaurants, though they most certainly apply to many businesses. There are times when I want to satisfy food at...
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The General Excise Tax (GE Tax) is a tax on the gross sales of a business. Currently, it is 4.166% for Hawaii Island businesses and an additional half a percent higher on Oahu. There are very few exceptions: it is collected on basically all goods and services including clothes, food, rent, automobiles sales and just...
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First, let me note that I work with hundreds of entrepreneurs a year and have worked with thousands over the years. I have seen remarkable success and complete failure; winners and losers at the game of business. What I write here is not about any one Kona Impact client; instead it is an amalgamation of...
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In the last post, we looked at how reducing costs 10% for your Kona business can have a large impact on how much your business is able to generate in free cash flow. Another way to increase your free cash flow is to increase sales. Note, however, sales at any costs, especially when expenses are...
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Small business success in Kona, Hawaii is often a matter of shifting percentages. If your Kona business is bringing in $300,000/year and your expenses are 80%, you’ll have $60,000 left for your efforts. Now, imagine cutting your expenses by 10% (to 72%): you‘ll see an extra $24,000 a year in your pocket, which will raise...
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