Today’s highlights: Why caterers may be struggling more than restaurants. Why economists expect 4-percent growth this year. Plus, the startups taking the guilt out of takeout.
Loren...a lot of really great topics today that will give me lots to think about over the weekend...
As for MLK Day...our employees voted many years ago (and still vote) that MKL Day is too close to the holidays where they already had ample off-time (plus the weather is questionable in Jan). Instead they voted to take Good Friday off allowing them a Spring holiday (with hopefully nicer weather to enjoy).
I also enjoyed the article on ESOPs...as you know, my company has been an ESOP now for a few years and I couldn't have made a better choice (especially when you consider the alternatives)...I just wanted to mention that an owner thinking of going the ESOP route doesn't have to sell the entire company all at once (just get over the 30% threshold to allow the 1042 exchange) ...this way the owner isn't locked into today's valuation (if the company is still growing) as well as not burdening the company with a lot of debt service (myself, I'm completing the sale in 3 tranches over a 10-15 year period) .
I'm a big fan of 21 Hats...keep up the great work!
Thanks, Jim. I appreciate all of that -- with the possible exception of your comment that the weather can be questionable in January. I can assure you we in New Jersey do not want to hear that from someone in San Diego! :-)
Loren...a lot of really great topics today that will give me lots to think about over the weekend...
As for MLK Day...our employees voted many years ago (and still vote) that MKL Day is too close to the holidays where they already had ample off-time (plus the weather is questionable in Jan). Instead they voted to take Good Friday off allowing them a Spring holiday (with hopefully nicer weather to enjoy).
I also enjoyed the article on ESOPs...as you know, my company has been an ESOP now for a few years and I couldn't have made a better choice (especially when you consider the alternatives)...I just wanted to mention that an owner thinking of going the ESOP route doesn't have to sell the entire company all at once (just get over the 30% threshold to allow the 1042 exchange) ...this way the owner isn't locked into today's valuation (if the company is still growing) as well as not burdening the company with a lot of debt service (myself, I'm completing the sale in 3 tranches over a 10-15 year period) .
I'm a big fan of 21 Hats...keep up the great work!
Thanks, Jim. I appreciate all of that -- with the possible exception of your comment that the weather can be questionable in January. I can assure you we in New Jersey do not want to hear that from someone in San Diego! :-)