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The HOT Sauce Blog for Entrepreneurs

What’s the Difference Between the L-1A and L-1B Visas?

January 16, 2017 by Jimmy Lewin


L1A and L1B Visas

The L-1 classification of visas are called “Intracompany Transferee” visas. These types of visas are used when a U.S. company wishes to transfer an individual or individuals from a foreign affiliated company to its U.S. operations or when a non-U.S. company wishes to transfer an individual to its newly established or existing U.S. business. The central idea is that the individual(s) being transferred are not U.S. citizens and therefore require a visa in order to do the transfer legally. The United States Citizenship and Immigration Services (USCIS) categorizes L-1 visas [Read More]

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Choosing the Right Strategy for Funding Your Business

April 7, 2016 by Jimmy Lewin


Capital Formation Strategy

Perhaps you are a new entrepreneur about to launch a business or innovation you have been dreaming about for years. Or maybe you have an established business and things are going well, or maybe even too well. In both instances you are going to need capital – the “oxygen” that every business needs to grow and prosper. So now you are writing your first business plan or touching up the old one in anticipation of raising capital. Capital can only come into a business in one of two ways: capital [Read More]

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Harvest Great Ideas from Your Company’s Best Assets

December 9, 2015 by Jimmy Lewin


the thinking corporation frood

Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset. What is this highly valuable asset? Its own people. Says David Frood, the author of The Thinking Corporation, “Given that we are all capable of contributing new ideas, the question becomes how do you successfully generate, capture, process and implement ideas?” Becoming an organization capable of answering this question can benefit in a number of [Read More]

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Stick with Your Concept but Do Your Homework

November 19, 2015 by Jimmy Lewin


Do Your Business Plan Research

A local restaurant owner stopped by the office last week. He has operated a neighborhood sushi restaurant for 5 years and decided that it is time to open a second location. We assumed that he meant that it was time to open a second location of his current concept but we were wrong. He wants to open a new concept. He mentioned that he was aware of a troubled restaurant in a good location and thought that he could buy the restaurant and then re-open in that space. He came [Read More]

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Execution Makes a Good Restaurant (and its Business Plan) Great

October 27, 2014 by Jimmy Lewin


restaurant business planning

At Cayenne Consulting we’ve written dozens and dozens of business plans and created an equal number of financial forecasts for our restaurant and hospitality clients. For the most part, we can proudly claim that our clients love our work and, equally as important, our clients’ lenders and investors love our work as well. This success has caused us to sit back and wonder if there is really a differentiating factor between the way we develop business plans for this sector and the way other plans are written. In speaking with [Read More]

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E-2 Business Plan Update

September 5, 2014 by Akira Hirai and Jimmy Lewin


E2 Business Plan Update

Our clients come to us from all over the world. Many, it turns out, are entrepreneurs and investors who wish to acquire or establish businesses in the United States but are not citizens or legal residents of the U.S. In order to own and work in a business in the U.S., a foreign entrepreneur must apply for and receive an immigration visa from the United States Citizenship & Immigration Service (USCIS), an agency of the U.S. Government. One of the most important requirements of the immigration authorities is that the [Read More]

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First Impressions

June 30, 2014 by Akira Hirai and Jimmy Lewin


First Impressions

We recently came across a website called Visual-Signature (no longer live). The founder, Zainab Gibrine, is an image consultant and corporate executive based in Dubai. The site is focused on how job seekers and others can use their image to “advance their professional and personal ambitions.” We thought there were some interesting lessons to be learned for our readers who are primarily entrepreneurs. Ms. Gibrine suggests that “appearance, nonverbal communication, and body language all play a role in your interactions with others.” Our frequent readers realize that we are not [Read More]

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How is that Strategic Alliance Working Out?

May 28, 2014 by Akira Hirai and Jimmy Lewin


Strategic Alliance

If you answered that question, “not so great” you are not alone. Strategic alliances (often referred to as partnerships) can be very effective ways to achieve a goal or goals that you might not be able to achieve on your own, but they do not always work. Before we tell you why they are difficult to execute and how you can make them work better for you, let’s take a look at what a strategic alliance is and how you can use them. A strategic alliance happens when your company [Read More]

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Licensing May be the Best Business Model for You

March 20, 2014 by Akira Hirai and Jimmy Lewin


Intellectual Property Licensing Business Model

Let’s face it, not every inventor, scientist, or engineer is cut out to be a great businessperson. If that sounds like you, then you may be better off employing a licensing model rather than a traditional business model for commercializing your intellectual property. Licensing puts the burden of commercializing your IP on somebody else’s shoulders. You will recall that earlier this week, in The Operating Model Just Might be Best for You, we explained the advantages of the traditional (often referred to as ‘operating’) model and promised to follow up [Read More]

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The Operating Model Just Might be Best for You

March 18, 2014 by Akira Hirai and Jimmy Lewin


The Operating Business Model

In our last post, Your IP Gives You Two Business Model Choices, we touched upon the differences between a traditional operating business model and a licensing business model. In that post, we said that in the traditional model, the owner of the intellectual property commercializes a product that is created out of their Intellectual Property. Alternatively, a licensing model is used when the owner of the IP licenses the innovation to another party in return for royalties. The other party then owns the rights to commercialize the IP by manufacturing [Read More]

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