Over the years I have seen a lot of information on the life of a small business; I have seen various stats and information about starting a small business and what it takes to succeed. This week I reached out to the Small Business Administration to get some answers to some of these questions. I spoke to Ed Cadena the District Manager for the SBA in Las Vegas. I asked Ed the following questions: Continue reading
I was in my home town just outside of Philadelphia last week on my way back from a business trip in India and I was hanging out at my cousin’s house one night watching a Flyers hockey game and after the game the subject of different T.V. shows came up; Tony and I watch a lot of the same programs so it is a topic that we discuss often. He told me about this show he started watching called Restaurant Impossible which is a show about a Master Chef who goes around the country to failing restaurants and completely redoes the restaurant, everything from the items on the menu to the interior design and sometimes even the chef. It sounded interesting and he happened to have a couple of episodes recorded on his DVR so we watched one and I liked it, the next day I watched another and since then I have watched a few more.
Here’s the thing; after watching these shows it became clear to me that what I have been saying for years is a fact, just because you own a business doesn’t mean you know what you are doing. The restaurant owners in this show from what I have seen so far had no idea how to run a business, and I find this to be true across the board in small businesses. Sometimes people get lucky and somehow are able to survive for years, but all in all many small business owners have no clue about what they are doing. Continue reading