Restaurants and Hospitality

Alan Mayer

Alan Mayer

Current City: New London, CT

International VP, Jose Curveo Tequila, based in London, UK and Mexico City, MX. Owner, operator of Kirkland House B&B in New London, CT. New Products Director, Heublein, Waring Products; Marketing Director, American Safety Razor, J.B. Williams; market research analyst, Ogilvy and Mather Advertising

Resume

Education

MIT, aeronautical engineering; NYU B.S. Business Administration

Richard Adler

Richard Adler

Current City: Forestville, CA

1968 to 1990 Commercial Real Estate Broker Richard H Adler Associates 1990 to 2007 restaurant franchisee ( Applebee's and Panera Bread )

Resume

Education

<p> &lt;p&gt; &amp;amp;lt;p&amp;amp;gt; BBA Ohio University 1963 JD Cleveland State University 1968&amp;amp;lt;/p&amp;amp;gt;&lt;/p&gt;</p>

Ask SCORE

       After working for more than 25 years in the publishing industry, the company I worked 
for downsized and I accepted an attractive buyout package. Now I’d like to start my own 
business. What do I do first?
 

 

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About the Author

       This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.
       Have a question you’d like answered in this column? E-mail it to info@score-manchester.org, with “Ask SCORE” in the subject line.    

Choosing Among Sole Proprietorships, Single-Shareholder Corporations And Single-Member LLCs For New Businesses

Choosing Among Sole Proprietorships, Single-Shareholder Corporations And Single-Member LLCs For New Businesses

Q: I’m starting a new business in New Hampshire. I will be its only owner. Should my business be a sole proprietorship, a single-shareholder corporation or a single-member LLC?

About the Author

John Cunningham is a N.H. business lawyer whose practice is focused on LLC law and tax. He chaired the N.H. Business and Industry Association committee that drafted the Revised New Hampshire Limited Liability Company Act, a radical revision of New Hampshire LLC law that went into effect on January 1st. LLCs are, by a wide margin, the entities of choice for N.H. business start-ups.

Q: What are limited liability companies (“LLCs”), and what should businesses know 
about them?
A: LLCs are a new type of business entity that emerged in the early 1990s. They have many important legal and tax characteristics, but the key ones are these:
  • Liability shield. LLCs provide their owners (called “members”) with a statutory liability shield that is essentially identical to the corporate shield.

About the Author

John Cunningham is a N.H. business lawyer whose practice is focused on LLC law and tax. He chaired the N.H. Business and Industry Association committee that drafted the Revised New Hampshire Limited Liability Company Act, a radical revision of New Hampshire LLC law that went into effect on January 1st. LLCs are, by a wide margin, the entities of choice for N.H. business start-ups.

Ask SCORE

       I’ve recently taken my business plan for a new and innovative consumer product to several banks seeking funding, but have had no success. What are some other financing options that might be available to me?

 

 

About the Author

       This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.
       Have a question you’d like answered in this column? E-mail it to info@score-manchester.org, with “Ask SCORE” in the subject line.

 

Ask SCORE

       My partner and I have been running our laser engraving business ourselves for the past two years. We’ve reached the point now where we’re both completely maxed out, so we’re considering hiring at least one employee. Where do we start  Read more.....

About the Author

       This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.
       Have a question you’d like answered in this column? E-mail it to info@score-manchester.org, with “Ask SCORE” in the subject line.

Learn how two hot new marketing trends—mobile marketing and daily deals—can help you attract and keep customers.

Two of the most effective marketing methods for your bar or restaurant are still emerging, but rapidly being adopted by consumers craving convenience and savings. Here’s a closer look.

Frank Camacho

Frank Camacho

Current City: Scituate, MA

Extensive experience in travel and hospitality marketing, sales and brand development including hotels, motels, restaurants, automobile dealerships and car rental. Experienced with broad variety of revenue building tools from advertising and online media to traditional direct sales. Successful record of re-building existing businesses, developing and launching new businesses, and evaluating and integrating acquisitions. Worked with franchisees in the hotel, car rental and auto industries to improve their results. Served on both non-profit and for profit boards over the past 25 years.

Resume

Education

BA, Sociology - Princeton, 1969

MA, Organizational Sociology - University of Michigan, 1971

Graduate courses in Finance, Marketing and HR - Wayne State University

The Peacock Room Succeeds By Using Advice From SCORE Mentor

Detroit was one of the areas hit hardest by the Great Recession. The auto industry that held the city together was hanging on by a thread. The town went from being one of the biggest in the nation to having a population less than Columbus, OH. Normally this wouldn’t be the backdrop for a SCORE Success Story, but that is exactly what happened when Rachel Lutz found SCORE. Rachel began meeting with SCORE mentors about her idea for a clothing accessory boutique after she opened the doors to the Peacock Room in late 2011. She then attended workshops on Business Plans and Financing. With advice from SCORE and help from friends & family, Rachel was able to turn the Peacock Room into a smashing success in 2012.

 
Owner/Founder
Rachel Lutz
My Location
15 E. Kirby #110
Detroit MI 48202
United States
Revenue
330,000
Employees
7
Year Company Formed
2011
My Successes

The biggest success for Rachel Lutz is becoming her own boss. She believed in herself and took the risk that her vision for a business would pay off. In less than a year she found that she was right. She found a building in mid-town Detroit and has been able to use her store front to turn a profit that was triple her original projections. By the end of her first year she is on track to do $330,000 in sales. As 2012 came to an end Rachel had already begun to expand into a neighboring space with a second store called, "Emerald". The new shop is a gift boutique that carries men's gifts, books, cards, etc. Both stores have become vital parts of the rebuilding mid-town Detroit community. She credits part of her success to working with her SCORE mentors, Henry Moses and Jim Muir. 

What's Great About My Mentor?

Henry Moses and Jim Muir, mentors from the SCORE Detroit chapter, met with Rachel Lutz after she opened the doors to the Peacock Room. Rachel was told about SCORE by a loan officer. A few weeks after opening her business she was face to face with her SCORE mentors, who helped her figure out the best ways to ensure a successful launch. She then began to attend the SCORE Business Plan and Financing workshops. Working with SCORE, Ms. Lutz was able to iron out the wrinkles in her plans for the Peacock Room. With the help of SCORE, she finds herself on the way to a profitable first year. One so success that she has already begun planning the expansion of the Peacock room into a building the size of the Nordstroms she used to work at. 

How SCORE Helped

Before starting the Peacock Room, Rachel Lutz worked for a luxury home store and Nordstroms. She had spent years working for others. Eventually Ms. Lutz decided to be her own boss. After starting her business, the first step to success was to find assistance by coming to SCORE. Rachel was directed to SCORE by a loan officer in her area. 

She met with Henry Moses and Jim Muir, then attended a SCORE workshop on Business Plans. Ms. Lutz wrote up a very good business plan and continued to update it as she went through the start-up process. Finally, while continuing to work with her mentors, she attended a SCORE workshop on Financing for her business. 
 
Using credit cards and interest free loans from friends and family, Rachel was able to open the doors on the Peacock Room in mid-town Detroit. She took a 2,000 square foot building in Detroit and turned it into her vision. With the help of Facebook and a website, she has promoted her business and is on the way to turning a profit in 2012 that is triple her original projection from her business plan.
 
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