Monthly Archives: September 2019

Cooking With Kids

What could be more fun on a Foodie Friday than cooking with kids? Mine are grown, of course, but I always loved the weekend because that was when we’d often find the time to get in the kitchen and cook together. As it turns out, there is something to be learned about business from this.

I think one benefit of getting children in the kitchen at a young age is that they begin to learn another language. While English was the language in our home, the language of food and cooking was another that the kids learned early on. Understanding what terms like simmer and boil meant and how they were different taught them precision. Learning the difference between dice, chop and even chiffonade helped them with knife skills, spatial relationships, and relative size.

Improving small motor skills is another benefit that kids get as they learn to use a knife or to crack an egg without shattering it or even to measure a cup of flour properly. Then there are the obvious benefits of learning what things taste like and being able to describe what they were tasting as well as what they liked and disliked. Finally, they were learning some science without thinking they were in class. Understanding, for example, that pancakes rise because of baking powder bubbles. Did I tell them it was because of an acid-base reaction that released carbon dioxide? Come on – they were kids! But they knew it made bubbles and the bubbles popped leaving the little holes they’d see in their pancakes.

This sort of process is exactly the one good managers need in business. New employees have to learn the language not just of business generally but of your specific company. Working alongside them, demonstrating and explaining as you go, is the only way they will get properly informed. Letting them do simple tasks, just as you might have kids stir and pour rather than dice and saute, lets them get a solid footing and the confidence to take on more complicated endeavors. It was always a mystery to me why some managers just sat new employees at a desk and then wondered why they weren’t being especially productive several months later. Unless you “cook” with them, they will probably never become all that they could be.

I think the main thing I got from cooking with my kids was a bond. Not only had we done something together but we’d made something together that we and others could enjoy. It’s the same in the office. Think back about the last time you were the new kid. Wouldn’t it have been nice to have someone take the time to build that bond with you as well as to help you produce your first great work?

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Filed under food, Growing up, Helpful Hints

For Yourself, Not By Yourself

I left corporate America at the end of 2007. In the dozen years since I’ve worked for myself. Oh sure, I have always considered the clients for whom I consulted to be my bosses, but at the end of the day, I was on my own.

If any of you have been, or are, in a similar circumstance, you know that it’s both a liberating and terrifying feeling. There is the freedom to spend a beautiful day at the beach or on a golf course instead of working. After all, you’re the boss. Along with that freedom, at least for me, there was always guilt that I had taken the day to play or run errands rather than grinding it out as I had done for the 30+ prior years of my business life. I guess the Protestant work ethic applies even to Jews…

While I’m still working for myself, the last year I’ve not been BY myself. As a franchise consultant, I’m a part of a much broader network of several hundred other coaches. We share information, I have access to ongoing education about franchises and how to do my job more effectively, there is someone doing collections for me, and the network actually even finds leads for me if I want. I’m in business for myself but not by myself, as is the case with any franchise.

Candidates (people considering investing in a franchise) sometimes ask why they should go with a franchise instead of using their capital to start up their own business. The statistics answer that question for me. 90% of new businesses fail in anywhere from the first five years to as little as the first four months. 90% of franchises are still in business after five years. There is a reason for that, which is that you’re investing in a proven concept. The mistakes have been made, the operation has been refined, marketing plans have been tweaked, and all of that is being handed to you as part of your investment along with training that can last from a few days to weeks, with ongoing mentoring and education for much longer. Pretty spiffy, and a route I wish I had taken a dozen years ago instead of trying to figure it all out on my own.

So what can go wrong with a franchise? I think the two biggest sources of problems are when franchisees don’t follow the model or when they are undercapitalized. In the first case, ignoring the model is basically throwing away what you paid for and diminishing your success rate quite a bit. In the second case, ANY business will fail if it’s undercapitalized no matter how well-run it is. Counting on immediate cash flow to support the operation (or your ability to eat!) is short-sighted. That’s why franchising makes even more sense since there is a track record of what capital is needed to get the business up and running for the first few months. It’s actually so clear that the franchises put those costs in their Franchise Disclosure Document (item 7) and those are numbers I have and discuss with folks as they are looking at investing.

Being in business for yourself is great. It’s even better when you’re not by yourself. I can show you how to make that happen for you. Just click here and let’s get started.

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Filed under Franchises, Thinking Aloud