In today’s world, working from home isn’t simply a perk for entrepreneurs who can’t yet afford their own office space. More and more, America’s workers – both entrepreneurs and employees – are working from the comfort (and connectivity) of their own home. My business, Penn Ultimate Consulting, has allowed me the opportunity to work from
With minimum wage going up again, your labor costs have likely skyrocketed. If you’re a client of mine or read my blog, you know I have all kinds of tips for controlling your labor costs. But labor isn’t the only expense factoring into your bottom line. If you own a restaurant, you know that your
You already know that opening a restaurant is a labor of love. But if statistics say anything, it’s also a lesson in futility. These show that 60 percent of restaurants close within the first year, and 80 percent in the first five years. While those numbers are grossly inflated (most of the research I’ve seen
Don’t read the title and get defensive. ALL business owners will exit their business….one way or another. In my experience, most owners would prefer to plan early and exit on their own terms. Yet the fact remains that as baby boomers start to retire, there simply aren’t enough buyers out there to go around. Think
2018 is here, and that means another minimum wage increase is hitting the California restaurant Industry. We all knew the increase was coming, but that doesn’t make it any easier to deal with. With the current minimum at $11 an hour, profit margins, which are already razor thin, are now poised to take an even
NFL pros need them, professional performers need them; there’s no reason that a successful (or not-yet-successful) business owner wouldn’t need a coach. Chances are, you’re in business because you love what you do – but that doesn’t necessarily mean you have a head for business (or if you do, that you couldn’t use an extra
Can you believe it’s 2017 and we’re still talking about sexual harassment and gender equality? It’s as if human evolution is taking a lunch break. Of course it’s the reports from Hollywood that seem to be getting most of the press, and as horrible as these stories are, the sad truth is that it’s not
Culture. This is probably one of the most overused and many times least understood terms in the business world. Everyone keeps telling you you have to have a great culture, but what does that even mean? How many companies would you say have a definitive culture? I would say all of them. The truth is
When you own a business, one thing you should be asking yourself (repeatedly) is, what makes my business special? And why is it so important that it is special? Let me answer the second one for you. When you differentiate your business, people remember you. When they remember you, they spread the word. And no
