Successful full service neighborhood restaurants are rarely duplicated in a second location, even by their original founder. I have observed this phenomenon over and over throughout my forty years on the New York restaurant scene. Whenever a successful restaurant in one neighborhood tries to expand to another location, it rarely enjoys the success of the original restaurant and often fails completely after a short stay in business. Why? Why can't successful restaurateurs do it again? The failure rate for duplicating successful restaurants is too high! What goes wrong when industry leaders try to repeat their success?
To find the answer, I decided to interview 25 independent restaurant owners who had tried to open a successful second restaurant and had met with varying degrees of disappointment.
In the Beginning…
On a bright April morning in 1979, the legendary founder and chairman of the newly minted conglomerate, City Investing, walked into that year’s first strategic planning session and declared, “The only permanent element in our business is change.” We all just sat there and waited for him to continue. He didn’t. He got up and left the room.
A CONTRACTOR'S GUIDE TO FUNCTIONAL ANALYSIS
Hard times teach hard lessons. The great recession of 2008 has alerted the construction industry to the fact that it cannot rely on boom times and unlimited growth to insure profitability. Shrinking revenues over the past six years have inspired contractors to take a closer look at their management practices and search for ways to maintain profitability in the absence of top line growth.
Premier Meeting Services collaborates with Athena Education Group, LLC, as the continuing medical education provider to plan, develop, and implement live CME conferences, meetings, and symposia at the local, regional, national, and international levels. Over the years, our main challenge has been to keep medical education meetings up-to-date and attractive to an often repeating but ever-evolving audience of medical professionals.
At Premier Meeting Services we are advising clients to revise their AV budgets to include a professional video production company. Like most meeting planners who produce continuing education programs and company training sessions, videotaping high profile presenters and breakout sessions is nothing new for us. But, recently, we have upped our game.
We realize how valuable a complete video record of every event is to attendees, clients, and meeting planners alike. Professionally produced video re purposes and magnifies an event as follows:
The Essence
The legendary Notre Dame football coach, Knute Rockne said it all: “The secret is to work less as individuals and more as a team. As a coach, I play not my eleven best, but my best eleven.”
Vince Lombardi, no slouch himself at putting together great teams, said: “Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.”
Another football great, Joe Paterno, offered this insight: “When a team outgrows individual performance and learns team confidence, excellence becomes a reality.”
Henry Ford knew a little about building teams when he said: “Coming together is a beginning; keeping together is progress; working together is success.”
No one wanted to argue with Steve Jobs when he said: “Great things in business are never done by one person. They’re done by a team of people.”
The Baby Boom Generation looms over the long-term care industry like a tidal wave. Every year for the next twenty years, 3 million of the 75 million baby boomers born between 1946 and 1964 will hit retirement age (Barr, 2014). By 2029, when the last round of "boomers" retires, the number of Americans 65 or older will climb to more than 71 million (Colby & Ortman, 2014). In other words, we are looking at a tidal wave of more than 30 million additional retirees in the next fifteen years.
Busy Life in London
How To Prevent Exhaustion
Success often turns to failure for the busy London young professional. Human resource directors at leading British companies and public sector groups believe that 30% of their London staff suffers from exhaustion. Work-related stress, depression and anxiety cost Britain f530 million a year, with workers taking 13.8 million sick days.
As we work with nonprofit accounting departments helping to install the FAMCare Cost Tracking/Financial Module, we are noticing a notional bias that seems to pervade the entire industry and prevents nonprofit organizations from operating efficiently from a financial perspective.
Because most nonprofit employees are focused on mission and not on profits, they do not feel the need to prioritize financial management. Perhaps the very title, nonprofit, changes the focus of everyone working in the nonprofit arena.
Today, social workers increasingly rely on digital tools. Online therapy, advocacy by social media, and earning an MSW degree online are just a few of the additional tech innovations that are evolving in social work. However, the social work profession reflects generational differences in acceptance of technology.
Global Vision Technologies’ mission is to help case workers leverage technology. FAMCare, our rapid case management software, has lightened the case load burden of social workers across the country by eliminating the need for complex filing systems, keeping all related case records in one place, customizing reports, and providing mobile access to all files.
