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BUSINESS SUCCESS STORIES

Muang Thai: Thai Restaurant and Sushi Bar, Inc.

Serial entrepreneur Xai Xiong approached the Western Dairyland Business Center for Muang Thaiassistance with a business plan for his latest endeavor, Muang Thai: Thai Restaurant and Sushi Bar, Inc. in Eau Claire. Xiong had previously worked with the Western Dairyland Business Center and knew the business plan was going to be an integral part of his overall success.

One year after opening, Xiong believes that the restaurant is on track with the three-year financial projections in his business plan and is optimistic about future growth. "To me, the business plan was always a template used to help guide the success of my business. And as we are coming up on our first full year in business, we're rightly aligned with the expectations set by the goals in the plan," Xiong said. "We're hanging in there, but are confident that we'll continue to grow along the projected path."

Xiong strives to support the local community with his business by buying local and by providing a venue for arts. "It's your community that is pulling for you. Stay connected by giving back locally as much as you can. I buy my seasonal ingredients from the local farmers markets and help out people with their benefits or hosting local musicians to showcase their skills whenever possible," Xiong said.

Xiong's final advice to any entrepreneur or business owner looking to start up or expand their business is, "as a business person, you need to have an open mind and keep an eye on the horizon. Have vision and know that if you stick with it, you'll see success. You can't get worried about not making money today, but have the confidence your business plan will get you to where you want to go. Don't give up, keep trying."

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