Jay Kimball owns Wood's Seafood in Plymouth, MA. He purchased the business in 1989 after struggling in real estate. Since then, he has expanded the restaurant and fish market significantly through hard work and active ownership. Some challenges are low profit margins and seasonal fluctuations, but word-of-mouth marketing and quality product have helped the business succeed against competitors. Jay's long term goals include remodeling and expanding catering services.
Business brokers can help both buyers and sellers of a business. For sellers, brokers know how to maximize the value of a business and get a higher sale price. For buyers, brokers can help negotiate the best possible price. Brokers act as an intermediary between buyers and sellers, handling negotiations, pricing, legal matters, and risk management during the transaction. Their expertise results in valuations that more accurately reflect the true worth of a business.
Melissa McCullough worked as an ideal employee at Elli Boutique from 2008 to 2011, where she demonstrated exceptional professional skills and reliability over three years. As manager, she assisted with buying merchandise, reorganizing store displays, and was praised as personable, enthusiastic with customers and staff, and a team player. The letter writer recommends her highly despite no longer employing her due to Melissa relocating after marriage.
The document is a letter of recommendation for Jordan Lee for a managerial position at the Big Texan Steak Ranch. It describes Jordan's 7 years of experience at the restaurant, his passion for the business and customers, and his constant positive attitude and creativity. The letter writer believes Jordan is well prepared for the position due to his natural leadership, desire to learn, and compassion for both the business and its employees. The letter strongly recommends Jordan for the managerial role.
This power point presentation is all about who smalls businesses has creates funds and start their business, and in this power point presentation all the business is from Ahmedabad city, Gujarat.
Mcdonald or burger king or Dominos presentation / marketing / brandganesh gadge
Choose any of the ideas but pay a royalty if implemented @ 50 %. This was a presentation I have worked on independently with easy to execute ideas that will work for any such QSR brands. All the suggestions are most welcome
JC's Pancakes opened its first outlet in Citta Mall but went bankrupt due to low foot traffic and a lack of customers. It then relocated to Taylor's University. As a new company selling a new product, pancakes, it faced challenges gaining brand recognition and competition from other pancake sellers. Its pancakes were also seen more as a snack than a meal. Yummy Yummy Duck, which started in 1980 selling and exporting ducks, faced challenges from the small duck market but remained passionate. It focused on selling at local markets and providing simple homecooked dishes to keep customers. Both businesses aimed to franchise or pass their businesses to the next generation while maintaining quality food and service.
The document provides guidance on writing an effective sales letter to promote cleaning services. It recommends using a headline that promises specific benefits related to the customer's needs. The body should describe the benefits of the service, including testimonials, and clearly ask the reader to take action. A call to action, deadline, and reminder in the postscript can encourage the reader to respond.
This document provides information about a free day trial period offer for new families at a child care center. The summary is as follows:
1) The free day trial period offer is valid for one day and is for new families only at participating centers with space availability.
2) No purchase or registration is required for the free day trial period.
3) The offer has restrictions and limitations including no cash value, non-transferability, and additional terms may apply.
Business brokers can help both buyers and sellers of a business. For sellers, brokers know how to maximize the value of a business and get a higher sale price. For buyers, brokers can help negotiate the best possible price. Brokers act as an intermediary between buyers and sellers, handling negotiations, pricing, legal matters, and risk management during the transaction. Their expertise results in valuations that more accurately reflect the true worth of a business.
Melissa McCullough worked as an ideal employee at Elli Boutique from 2008 to 2011, where she demonstrated exceptional professional skills and reliability over three years. As manager, she assisted with buying merchandise, reorganizing store displays, and was praised as personable, enthusiastic with customers and staff, and a team player. The letter writer recommends her highly despite no longer employing her due to Melissa relocating after marriage.
The document is a letter of recommendation for Jordan Lee for a managerial position at the Big Texan Steak Ranch. It describes Jordan's 7 years of experience at the restaurant, his passion for the business and customers, and his constant positive attitude and creativity. The letter writer believes Jordan is well prepared for the position due to his natural leadership, desire to learn, and compassion for both the business and its employees. The letter strongly recommends Jordan for the managerial role.
This power point presentation is all about who smalls businesses has creates funds and start their business, and in this power point presentation all the business is from Ahmedabad city, Gujarat.
Mcdonald or burger king or Dominos presentation / marketing / brandganesh gadge
Choose any of the ideas but pay a royalty if implemented @ 50 %. This was a presentation I have worked on independently with easy to execute ideas that will work for any such QSR brands. All the suggestions are most welcome
JC's Pancakes opened its first outlet in Citta Mall but went bankrupt due to low foot traffic and a lack of customers. It then relocated to Taylor's University. As a new company selling a new product, pancakes, it faced challenges gaining brand recognition and competition from other pancake sellers. Its pancakes were also seen more as a snack than a meal. Yummy Yummy Duck, which started in 1980 selling and exporting ducks, faced challenges from the small duck market but remained passionate. It focused on selling at local markets and providing simple homecooked dishes to keep customers. Both businesses aimed to franchise or pass their businesses to the next generation while maintaining quality food and service.
The document provides guidance on writing an effective sales letter to promote cleaning services. It recommends using a headline that promises specific benefits related to the customer's needs. The body should describe the benefits of the service, including testimonials, and clearly ask the reader to take action. A call to action, deadline, and reminder in the postscript can encourage the reader to respond.
This document provides information about a free day trial period offer for new families at a child care center. The summary is as follows:
1) The free day trial period offer is valid for one day and is for new families only at participating centers with space availability.
2) No purchase or registration is required for the free day trial period.
3) The offer has restrictions and limitations including no cash value, non-transferability, and additional terms may apply.
D.L. Foote & Sons Inc is a masonry and general construction business started in 2001 by David Foote Sr. The business was funded initially by work lined up and personal money. It has grown over the years and survived economic downturns. Challenges include finding steady work, especially in winter, as masonry trades have declined with cheaper products and labor. The business aims to maintain competitiveness through quality work at fair prices and loyal customer service.
Crystal Caves Family Entertainment Center is a sole proprietorship started in 1978 by Mrs. Hanson's father that has grown to include miniature golf, an ice cream parlor, batting cages, and small rides. It was initially just a small miniature golf course but has become more successful through adding attractions and better advertising. The business is seasonal due to its outdoor activities and faces challenges from weather and being only open part of the year.
What Is Interest?
Interest is the monetary charge for the privilege of borrowing money. Interest expense or revenue is often expressed as a dollar amount, while the interest rate used to calculate interest is typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money. Interest can also refer to the amount of ownership a stockholder has in a company, usually expressed as a percentage.
Key Takeaways
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR).
Interest may be earned by lenders for the use of their funds or paid by borrowers for the use of those funds.
Interest is often considered simple interest (based on the principal amount) or compound interest (based on principal and previously-earned interest).
Interest is often associated with credit cards, mortgages, car loans, private loans, savings accounts, or penalty assessments.
Interest is highly dependent on macroeconomic policy dictated by the Federal Reserve's Federal funds rate.
This report details the operations of Kim Wah Chinese Restaurant over 19 years of operations. It discusses the restaurant's operations, marketing targeting local residents and families, employment of 4 staff, and financial records maintained by an accountant. The restaurant was successful due to its loyal customer base and word-of-mouth advertising. However, it was recently sold to the neighboring diner due to economic challenges. The owner may open a new restaurant appealing to his existing customer base.
The document discusses mindset and strategies for success in sales. It emphasizes having a burning desire, treating sales like cooking with the right ingredients and proportions. It also stresses the importance of sincerity, building relationships over time through trust and comfort, managing first impressions positively, and viewing rejections as normal in the business rather than personal failures. Success requires great attitude, values, planning, selling, service and overcoming obstacles through perseverance rather than making excuses.
This document summarizes a business plan for an ice cream shop called "32". The shop will be located in shopping centers and amusement parks across Japan. It aims to bring happiness to children through affordable and reliable ice cream products. The owner has experience operating other food businesses and hopes to establish an ice cream factory to mass produce products. The plan projects strong sales and profit growth over the first three years of operation.
This document provides guidance on finding, hiring, and managing farm apprentices. It discusses advertising open positions, conducting phone and in-person interviews, focusing on attitude and work ethic when hiring. The document also covers organizing daily work, providing housing, managing finances transparently, and ensuring legal compliance regarding wages. The goal is producing a rewarding experience for both farmers and apprentices.
This document provides information about Global Premier Benefits, a company that helps seniors save money and provide richer benefits through various insurance products like Medicare Advantage and supplements, life insurance, and long term care. The company was founded in 2000, is headquartered near Baltimore, and has grown to over 2,000 agents serving over 100,000 clients across 30 states. It highlights opportunities to work with qualified leads, earn substantial income, receive marketing support and subsidies, and have a rewarding long-term career helping seniors.
Robert Ricker has over 20 years of experience in grocery, retail, and wholesale environments, holding supervisory roles. His objective is to obtain a long-term leadership position leveraging his experience. He has managed grocery departments and served as assistant manager at various grocery stores, exceeding sales goals and standards for customer service. Ricker aims to create an efficient work environment where integrity and ethics are upheld.
Mike Smith is seeking a challenging long-term position in service or sales. He has a Bachelor's degree in Business Administration from Grossmont College and over 10 years of experience in banking and finance. His experience includes positions as a senior banker at US Bank, fraud analyst at Union Bank, operations manager at Washington Mutual, and teller/lead teller at Wells Fargo, where he consistently exceeded sales goals and received high customer satisfaction ratings.
1) The document proposes opening a beachside restaurant in Chennai to take advantage of the lack of hygienic food options and attractions at the beaches. It would have beach views, hygienic snacks, and activities for kids.
2) Market analysis shows Indian consumers have more disposable income and prefer eating out. Beachgoers want cleanliness and are willing to pay over Rs. 1000 for good food and maintenance at the beach.
3) Financial projections estimate startup costs of over Rs. 16 lakh for construction, staff salaries, equipment, and materials. Monthly costs are estimated at over Rs. 90,000 with revenue targets of Rs. 25,000 per day.
The document provides three customer personas for a golf equipment brand. The first persona, Jeff Smith, is a 48-year-old businessman from Connecticut who plays golf occasionally to network and relax. The second, Kevin Brown, is a 35-year-old father and restaurant manager from Florida who enjoys sports but has limited free time. The third persona, Steven Jones, is a 24-year-old professional golfer from California seeking to become the world's top ranked player.
This document provides information about purchasing a franchise for Sunset Grill, a breakfast and lunch restaurant chain based in Ontario, Canada. It details the background and concept of the restaurant, current locations, appealing factors of franchising with Sunset Grill like their one shift operation and high profits. It outlines the franchise fee, estimated costs, cash requirements and qualifications. The final pages include the franchisee application process and forms for a franchise questionnaire and personal financial statement.
Here's our presentation from this year's NICRA convention, titled "The First-Year Challenges - Advice from New Store Owners".
For this presentation we interviewed four store owners and asked questions such as:
* "What’s the best advice you could give to someone opening an ice cream/ gelato store?"
* "What was the least anticipated thing that happened over the past year?"
* "What Appeared to be the Scariest Moment but did not turn out so?"
* "What Was the Biggest Challenge?"
* "Can you give some advice regarding hiring employees?"
Visit our website for more information about how we can help with your ice cream or gelato shop / business: http://www.advancedgourmet.com/
Highly experienced country club professional with over 15 years of experience in leadership, management, operations, membership sales, and marketing. He has a proven ability to exceed financial goals while implementing cost-effective measures and creating a culture of high customer service. At his current club, he has grown membership from 180 to 362 golf members in four years while increasing participation and revenues.
This document outlines an agenda for a workshop on determining if business ownership is a good fit. It includes introductions, an assessment of motivations for business ownership, a discussion of common myths and realities, an evaluation of personal strengths and weaknesses across various areas important for business success, and an action planning exercise. The goal is for participants to learn about factors to consider when deciding if entrepreneurship aligns with their skills and interests through self-reflection and seeking advice from others.
Rochelle Renée Picard has experience leading teams and opening new locations in the hospitality industry across seven states and eleven cities. She has a proven track record of delivering above budget revenue and below budget expenses. She has also streamlined kitchen and restaurant processes, resulting in both financial and talent savings. Some of her accomplishments include simultaneously opening five new units across five states with over $7 million in combined annual revenue, and opening new units exceeding $2 million in annual sales while decreasing expenses by 12% and increasing profits by 16%.
Tango's is a new startup restaurant in Yelhanka, India that aims to provide high quality food from around the world to customers of all ages in a family-friendly atmosphere. The 100+ employee company is led by a management team including a CEO, CMO, CFO, and HRD Officer. Tango's will utilize marketing strategies like coupons, memberships, and community involvement to build their customer base and compete with other local restaurants like KFC. The restaurant offers banquet halls, meeting rooms, and hopes to expand their catering business over time. Initial funding will come from an SBA loan and potential investments from friends and family.
A book by Jeffrey J Fox
Inspired by Native American tradition, the Rainmaker is one who uses his power to bring rain to nourish crops that feed the tribe.
These collection of sales advice shows readers how to pursue, win and maintain potential clients in the market
Jose Campos has experience in customer service and management roles in restaurants. He is currently pursuing a Bachelor's degree in Management at the University of North Georgia, and previously earned an Associate's degree in Business Administration from Georgia Perimeter College. Campos has strong communication skills, financial experience, and the ability to train and lead employees in fast-paced restaurant environments. His resume highlights customer service skills, experience exceeding sales quotas and managing finances as an assistant manager.
D.L. Foote & Sons Inc is a masonry and general construction business started in 2001 by David Foote Sr. The business was funded initially by work lined up and personal money. It has grown over the years and survived economic downturns. Challenges include finding steady work, especially in winter, as masonry trades have declined with cheaper products and labor. The business aims to maintain competitiveness through quality work at fair prices and loyal customer service.
Crystal Caves Family Entertainment Center is a sole proprietorship started in 1978 by Mrs. Hanson's father that has grown to include miniature golf, an ice cream parlor, batting cages, and small rides. It was initially just a small miniature golf course but has become more successful through adding attractions and better advertising. The business is seasonal due to its outdoor activities and faces challenges from weather and being only open part of the year.
What Is Interest?
Interest is the monetary charge for the privilege of borrowing money. Interest expense or revenue is often expressed as a dollar amount, while the interest rate used to calculate interest is typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money. Interest can also refer to the amount of ownership a stockholder has in a company, usually expressed as a percentage.
Key Takeaways
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR).
Interest may be earned by lenders for the use of their funds or paid by borrowers for the use of those funds.
Interest is often considered simple interest (based on the principal amount) or compound interest (based on principal and previously-earned interest).
Interest is often associated with credit cards, mortgages, car loans, private loans, savings accounts, or penalty assessments.
Interest is highly dependent on macroeconomic policy dictated by the Federal Reserve's Federal funds rate.
This report details the operations of Kim Wah Chinese Restaurant over 19 years of operations. It discusses the restaurant's operations, marketing targeting local residents and families, employment of 4 staff, and financial records maintained by an accountant. The restaurant was successful due to its loyal customer base and word-of-mouth advertising. However, it was recently sold to the neighboring diner due to economic challenges. The owner may open a new restaurant appealing to his existing customer base.
The document discusses mindset and strategies for success in sales. It emphasizes having a burning desire, treating sales like cooking with the right ingredients and proportions. It also stresses the importance of sincerity, building relationships over time through trust and comfort, managing first impressions positively, and viewing rejections as normal in the business rather than personal failures. Success requires great attitude, values, planning, selling, service and overcoming obstacles through perseverance rather than making excuses.
This document summarizes a business plan for an ice cream shop called "32". The shop will be located in shopping centers and amusement parks across Japan. It aims to bring happiness to children through affordable and reliable ice cream products. The owner has experience operating other food businesses and hopes to establish an ice cream factory to mass produce products. The plan projects strong sales and profit growth over the first three years of operation.
This document provides guidance on finding, hiring, and managing farm apprentices. It discusses advertising open positions, conducting phone and in-person interviews, focusing on attitude and work ethic when hiring. The document also covers organizing daily work, providing housing, managing finances transparently, and ensuring legal compliance regarding wages. The goal is producing a rewarding experience for both farmers and apprentices.
This document provides information about Global Premier Benefits, a company that helps seniors save money and provide richer benefits through various insurance products like Medicare Advantage and supplements, life insurance, and long term care. The company was founded in 2000, is headquartered near Baltimore, and has grown to over 2,000 agents serving over 100,000 clients across 30 states. It highlights opportunities to work with qualified leads, earn substantial income, receive marketing support and subsidies, and have a rewarding long-term career helping seniors.
Robert Ricker has over 20 years of experience in grocery, retail, and wholesale environments, holding supervisory roles. His objective is to obtain a long-term leadership position leveraging his experience. He has managed grocery departments and served as assistant manager at various grocery stores, exceeding sales goals and standards for customer service. Ricker aims to create an efficient work environment where integrity and ethics are upheld.
Mike Smith is seeking a challenging long-term position in service or sales. He has a Bachelor's degree in Business Administration from Grossmont College and over 10 years of experience in banking and finance. His experience includes positions as a senior banker at US Bank, fraud analyst at Union Bank, operations manager at Washington Mutual, and teller/lead teller at Wells Fargo, where he consistently exceeded sales goals and received high customer satisfaction ratings.
1) The document proposes opening a beachside restaurant in Chennai to take advantage of the lack of hygienic food options and attractions at the beaches. It would have beach views, hygienic snacks, and activities for kids.
2) Market analysis shows Indian consumers have more disposable income and prefer eating out. Beachgoers want cleanliness and are willing to pay over Rs. 1000 for good food and maintenance at the beach.
3) Financial projections estimate startup costs of over Rs. 16 lakh for construction, staff salaries, equipment, and materials. Monthly costs are estimated at over Rs. 90,000 with revenue targets of Rs. 25,000 per day.
The document provides three customer personas for a golf equipment brand. The first persona, Jeff Smith, is a 48-year-old businessman from Connecticut who plays golf occasionally to network and relax. The second, Kevin Brown, is a 35-year-old father and restaurant manager from Florida who enjoys sports but has limited free time. The third persona, Steven Jones, is a 24-year-old professional golfer from California seeking to become the world's top ranked player.
This document provides information about purchasing a franchise for Sunset Grill, a breakfast and lunch restaurant chain based in Ontario, Canada. It details the background and concept of the restaurant, current locations, appealing factors of franchising with Sunset Grill like their one shift operation and high profits. It outlines the franchise fee, estimated costs, cash requirements and qualifications. The final pages include the franchisee application process and forms for a franchise questionnaire and personal financial statement.
Here's our presentation from this year's NICRA convention, titled "The First-Year Challenges - Advice from New Store Owners".
For this presentation we interviewed four store owners and asked questions such as:
* "What’s the best advice you could give to someone opening an ice cream/ gelato store?"
* "What was the least anticipated thing that happened over the past year?"
* "What Appeared to be the Scariest Moment but did not turn out so?"
* "What Was the Biggest Challenge?"
* "Can you give some advice regarding hiring employees?"
Visit our website for more information about how we can help with your ice cream or gelato shop / business: http://www.advancedgourmet.com/
Highly experienced country club professional with over 15 years of experience in leadership, management, operations, membership sales, and marketing. He has a proven ability to exceed financial goals while implementing cost-effective measures and creating a culture of high customer service. At his current club, he has grown membership from 180 to 362 golf members in four years while increasing participation and revenues.
This document outlines an agenda for a workshop on determining if business ownership is a good fit. It includes introductions, an assessment of motivations for business ownership, a discussion of common myths and realities, an evaluation of personal strengths and weaknesses across various areas important for business success, and an action planning exercise. The goal is for participants to learn about factors to consider when deciding if entrepreneurship aligns with their skills and interests through self-reflection and seeking advice from others.
Rochelle Renée Picard has experience leading teams and opening new locations in the hospitality industry across seven states and eleven cities. She has a proven track record of delivering above budget revenue and below budget expenses. She has also streamlined kitchen and restaurant processes, resulting in both financial and talent savings. Some of her accomplishments include simultaneously opening five new units across five states with over $7 million in combined annual revenue, and opening new units exceeding $2 million in annual sales while decreasing expenses by 12% and increasing profits by 16%.
Tango's is a new startup restaurant in Yelhanka, India that aims to provide high quality food from around the world to customers of all ages in a family-friendly atmosphere. The 100+ employee company is led by a management team including a CEO, CMO, CFO, and HRD Officer. Tango's will utilize marketing strategies like coupons, memberships, and community involvement to build their customer base and compete with other local restaurants like KFC. The restaurant offers banquet halls, meeting rooms, and hopes to expand their catering business over time. Initial funding will come from an SBA loan and potential investments from friends and family.
A book by Jeffrey J Fox
Inspired by Native American tradition, the Rainmaker is one who uses his power to bring rain to nourish crops that feed the tribe.
These collection of sales advice shows readers how to pursue, win and maintain potential clients in the market
Jose Campos has experience in customer service and management roles in restaurants. He is currently pursuing a Bachelor's degree in Management at the University of North Georgia, and previously earned an Associate's degree in Business Administration from Georgia Perimeter College. Campos has strong communication skills, financial experience, and the ability to train and lead employees in fast-paced restaurant environments. His resume highlights customer service skills, experience exceeding sales quotas and managing finances as an assistant manager.
1. Jay Kimball
Owner of Wood’s Seafood
Mom’s Boyfriend
Jessica Kelliher
Nichols College
Business And Society
Mgmt. 100-08
2. Wood’s Seafood
• Wood’s Seafood is a small restaurant and fish market in
Plymouth Ma. It offers fresh fish, lobsters, and a variety of
fried seafood.
• Wood’s Seafood is an S-Corporation. Jay’s accountant and
attorney recommended the S-Corporation as a way to lower
the effective tax rate he would pay since the profits are taxed
at a lower rate for individuals rather than C-Corps that pay a
higher tax rate .
• Jay Kimball has owned Wood’s Seafood since August of 1989.
3. Background
• After graduating college Jay managed various bars and
restaurants before switching to the real estate market.
• As the economy began to decline, he struggled to find success
through real estate. He had Wood’s Seafood listed for sale so
he decided to purchase it to get out of the real estate
business.
• Jay Kimball was able to purchase Wood’s through mortgages
and loans.
He was able to obtain a mortgage on the real estate for 70 % of the
purchase price
The seller took a second mortgage for 10% of the purchase price.
The bank provided an equipment loan for 20% of the purchase price.
4. Changes in Business
• Since Jay bought Wood’s seafood in 1989 there
have been many changes.
Before it was only opened 6 days a week and now it
open all week
There are now 55 more seats available for dining
The fish market has been enlarged and now offers a
bigger variety of fish
It now offers the shipping of food and catered
clambakes
It went from 12 employees to 31 employees
There are six times more sales than in 1989
5. Successes
• Jays biggest success was rebuilding the business. He took a
mediocre summer restaurant and turned it into a year-round
favorite.
• Wood’s Seafood was awarded the best seafood restaurant and
the best fish market in the metro south Boston area.
• The most rewarding thing for Jay is to see the happy and
satisfied customers who continue to come back and
recommend his restaurant to their friends.
• The biggest factor to Jay’s success is his active ownership. He
serves as the owner and the manager of the entire operation.
6. Challenges
• Low profit margins on restaurants
• Purchasing quality seafood at a good price for consumers
• Hiring quality employees who can get the job done
• Adjusting to seasonal slowdowns of sales while fixed costs
stay the same
• Making sure that the seafood is fresh every single day
• He overcame these challenges through trial and error. He had
to monitor everything on a daily basis to see what worked and
what didn't’t work.
• The fatal flaws of his type of business are that restaurants
have the biggest failure rate. Profit margins are also very low
which leaves little room for error.
7. Competition
• His biggest competition is Lobster Hut and Eastbay Grill
• He maintains his competitive advantage by:
Having customer friendly employees
Keeping prices lower than the competitions
Advertising specials that catch the customers eye
Having a good location right next to the Mayflower and Plymouth
Rock
• He keeps his customers satisfied by:
Having quality food. A satisfied customer will always come back
Having friendly and knowledgeable employees
Keeping consistent hours of operation
Having active ownership who know the customer base by name
8. Marketing/Employees
• He markets his business through word of mouth. He has
connections to:
6 campgrounds and hotels
Various charities
300 members of his country club
• He will send them gift certificates, donate money to them, and give
them group discounts so that they will steer customers towards
Wood’s Seafood.
• When hiring new employees he looks for people who are:
Friendly
Knowledgeable
Able to fit in with other employees
• He often hires people who had good grades in high school or who
are athletes because that shows that they are hard working and can
work together on a team.
9. The Future
• Jay’s short term goals are to survive the winter where sales
decease dramatically
• His long term goals are:
To remodel the restaurant, which would include and addition
The process takes about a year so he would start in the fall of 2013
Expand the clambake business
He would hire college kids to help so that he could offer clambakes
every weekend from memorial day to labor day which is not possible
now due to his hectic work schedule
• He eventually plans to retire and possibly hand the business
down to one of his daughters
10. What are advantages to owning Wood’s
Seafood compared to other businesses?
“The advantage for me is that I work three mile from my home
so my commute is only 5 minutes. If I managed the business the
right way, I was able to watch all three of my daughters high
school and college soccer games. I also found time for my self to
play golf on a regular basis. I get to work in shorts for most of
the year. No suit and tie and no long commute to Boston.”
11. Summary
• Jay had this advice for the members of this class:
“In a nutshell, America is built upon the premise of small
businesses being the fabric of the nation where many times
your dreams are realized by determination and hard work. If you
decide to go into business, whether you start your own or buy
an existing business, understand that hard work, good business
planning and location of your business are keys to success.”
12. What I learned
Owning your own business take A LOT of dedication and hard
work. If you don’t truly care about what you are doing then you
will never see any rewards. It takes a lot of time out of your day
but in the end it is worth it. You get to manage things however
you want and you never have to answer to anyone else.
From working for Jay I get to see how he is as boss. He cares so
much about his restaurant, his customers, and his employees.
He is devoted to his business and all the work that he puts in
shows through the quality of the product and the satisfaction of
the customers.