All Blog Entries

  1. Mastering Voicemail and Returning Calls

    Joe just nailed a meeting with a prospect and just knows he’s “this close” to closing the deal. He’s already brainstorming on all the deliverables he’ll need to move on as he’s walking down the hall to the parking lot. He’s not sure where he’s going to find the time to do all he needs to get done, he’s just sure he needs to find that time. And then he hears something chirp and realizes it’s his cell phone. He’s received 17 voice mails while sitting in that conference room for 2 hours hammering ...
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    Uncategorized
  2. Inkkas' & Marcus Lemonis' Motion to Dismiss Lawsuit By Zadar is Denied

    On Feb 26, 2018, Zadar Universal Corp sued Marcus Lemonis and Inkkas, a business he bought on his hit TV show The Profit, for failure to repay a $250,000 loan. Zadar is a British Virgin Island corporation located in Panama.

    According to the complaint, Inkkas borrowed $250,000 from Zadar on Nov 12, 2014 at 8% interest. One condition was that if Inkkas sold the business, the amount due and payable under the loan agreement would increase by 50%.

    In Jan 2016, Inkkas aired ...
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  3. Freebies for Startups: You Don't Have to Pay for Everything

    Things have certainly changed since I opened my first restaurant in 1988. Back then, if I got a napkin holder from a vendor, I was thrilled that it was one less start up expense. Now, vendors who are clamoring for your business (and even some who don’t really need it) have official budgets for anything from samples to trade show tickets to marketing paraphernalia. So, for those of you who are unaware, or may be new to the “start up” business of opening your first restaurant, here are some expenses ...
    Categories
    small business
  4. Funding an emergency, a small business nightmare

    The days of seeking and being approved for a line of credit on your signature and a good credit score are over, but it is still a good idea to have access to cash when you are a small business owner. As a restaurant owner, I have been surprised more than once by a cooler that quits, a roof that leaks into the kitchen or an oven that doesn’t heat. And even though you know that customers are clamoring for a larger dining room and a bar that serves more than wine and beer, unless you have some way ...
    Categories
    small business
  5. Employee Theft Can Take a Big Bite out of Profits

    Employee theft can mean the difference between profitability and loss. And I don’t just mean cash from the drawer or the kind of theft where an employee backs up a pick-up truck and loads it up with winter-stored air conditioners (a true story which took place recently in a winter ski resort in upstate New York). I am also referring to the day in and day out mysteries of missing food and wine, disappearing cleaning and paper supplies and unexplained excessive food cost.

    Restrict ...
    Categories
    small business
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