Business Tips

The High Cost of Low Morale (And What to do About it)

2018-04-19T09:04:24-07:00April 18th, 2018|

Morale is a state of mind. It involves feelings and emotions. Since morale is created within each employee, it is often considered an elusive quality. Morale is the attitude toward or perception of the job, work environment, team members, managers and the organization as a whole. Positive employee morale is usually exhibited by confidence, discipline and

YES! Job Descriptions are Important!

2018-04-03T08:47:37-07:00April 11th, 2018|

Let’s face it. It’s hard to get the right person for the job. It’s even harder when you don’t know exactly what that job is. Job descriptions are tough. In my travels I’ve found most job descriptions to be inadequate at best and many close to worthless. It’s no wonder, then, that we see marginal

35 Steps to Survive & Prosper During Tough Times

2018-04-03T08:42:41-07:00April 3rd, 2018|

Shared Wisdom, Bottom Line Success When you own a business, a “hard time,” isn’t a hypothetical – it’s an inevitability. All businesses fall on hard times at some point. But having a strategy to weather these times gives you a much better chance to not only survive, but to ultimately thrive. In working with various

Working from home? Here’s the ULTIMATE guide to staying productive.

2018-03-06T09:07:00-07:00February 15th, 2018|

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

Food cost too high? Here’s what to do

2018-02-26T19:16:42-07:00February 6th, 2018|

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

WTF are you doing?? – 8 questions to ask before you decide to open a restaurant

2018-01-11T12:21:27-07:00January 11th, 2018|

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

Get me outta here! Exiting your business on your own terms

2018-01-12T09:19:51-07:00January 3rd, 2018|

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

We’re Screwed! Or Are We?

2018-01-12T09:19:30-07:00December 5th, 2017|

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