A friend of mine launched a successful BBQ restaurant in Minnesota last year. He has always been entrepreneurially minded, and enjoys entrenching himself in the community by gabbing with the locals every day. He also understands how lucrative life can be if you are the skilled operator of a small business, as the sales gains accrue to you personally in a way that salaried employees never benefit. Although, perhaps most importantly, he also understands that paying $0.85 for pitchers of beer that are sold for $6 can add a cool $2,575 to your monthly income when you go through 500 orders per month.
He mentioned to me that he built up almost a … Read the rest of this article!
With calls for President-Elect Donald Trump to divest himself from his businesses, you might wonder: What ought business owners do when they find themselves in a position of government power that poses direct conflicts of interest between the advancement of the public good and personal enrichment?
Some critics have suggested that President-Elect Trump ought to liquidate the entirety of his business holdings, with any hardship imposed by this recommendation amounting to a trivial sacrifice in exchange for the highest office in the land.
The “hardship” imposed by mandatory selling is two-fold.
First, there is the possibility that you will receive lower than fair market prices because prospective buyers are aware of the forced … Read the rest of this article!
I don’t like movie theater investing. About 85% of that $11 ticket you buy goes to the content creator for the movie you’re about to watch, and only 15% makes its way to the owners of the theater itself. The entire basis for owning stock in movie theaters is because you are compelled by the concession stand sales. Given that moviegoers encounter ballpark pricing with $4 candy bars and $5 soft drinks at the movies, I don’t see much room to raise concession stand prices without encountering an offsetting steep drop in demand.
This means that growth needs to come from increased foot traffic. I don’t see that happening either, as the proliferation … Read the rest of this article!