Making Money in Pizza
My wife and I have eaten a lot of pizza this summer; way more than we usually eat. It’s not really a problem for us because we have gotten so…
Food Trucks are Hot!
Food trucks are the iPads of the restaurant industry. They are small, portable and very, very popular. We had a client recently who gave up his middle management job with…
Breaking Up Is Hard To Do
A prospective client called recently and asked if we would do a valuation on a small, 8-year-old business that has been profitable and provided a good living for its two…
David Brooks is Right
On Saturday, August 4, 2012 The Salt Lake Tribune published an opinion piece written by The New York Times’ David Brooks titled How Much of Your Success is Due to…
Development Banks Can Help Your Business
Generally speaking, development banks are publicly owned financial institutions that are established for the purpose of providing medium- and long-term capital for public or private investments in developing economies. Most…
I Love Whiskey
I love whiskey. In fact, my wife says that I love whiskey and golf more than I love her, even though I have told her many times that I love…
Buying Out a Partner Can Be Tough to Fund
An entrepreneur with a successful ethnic restaurant contacted us about writing a business plan that he intended to use to raise capital so he could buy out his partner. There…
Start Your Business with No Money
I’m a fairly active blogger and much of the stuff I write can be found right here on Hot Sauce. This is the first time I’ve ever written a title…
Get Uncle Sam to Fund Your R&D
Since 2006 I have had the pleasure of working, in a limited role, with the National Science Foundation. The NSF participates in the SBIR/STTR grant programs which are coordinated by…
Use Your Business Plan to Get on the Same Page
Most entrepreneurs think that business plans are only good for communicating with potential investors and lenders. Not true! Business plans are a very effective way for management teams to communicate with…