Through our long-term partnership with Black Opportunity Fund, we’re proud to commit $800,000 CAD in #BlackFoodEnergy Restaurant Grants for Canadian Black-owned and Black-led restaurants. Grant funding will be distributed by December 2025. Our #BlackFoodEnergy platform exists to celebrate and amplify Black entrepreneurs. #BlackFoodEnergy Restaurant Grants are available for restaurateurs, regardless of if they partner with DoorDash – in hopes of igniting further business growth or to launch new innovations. Eligible restaurateurs across Canada are encouraged to apply for the next round of funding from today through July 25, with grant recipients will be notified in September. Read more about the partnership and platform below. #WeAreDoorDash #DoorDashCanada https://lnkd.in/g6Qv6gpk
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☕ Looking to turn your passion into a trading #business? 📈 Fraser Smith at EH9 Espresso is one of the many start-up businesses that we've supported in #Tayside. Hear about his entrepreneurial journey and how we've helped him turn his love for coffee into his own business! 💬 “The support I received from Business Gateway was crucial in bringing my idea to life and my passion into the market.” Read the full story below⬇️ https://bit.ly/3r5CoAH
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'Waitr, which rebranded as ASAP in August 2022, was at one point considered a Louisiana success story. Founded in Lake Charles in 2013, Waitr was purchased by hospitality industry magnate and Houston Rockets owner Tilman Fertitta for $308 million in May 2018, just before the company was listed on the Nasdaq. Waitr went on to essentially double its footprint later that year when it acquired Minneapolis-based Bite Squad, a move that expanded the company’s reach to more than 500 cities across 22 states.' Read more at: https://lnkd.in/grA9sVsH #Louisiana #LouisianaEntrepreneurship #Entrepreneurship #Bankruptcy
Once considered a Louisiana success story, this company is now weighing bankruptcy
https://www.businessreport.com
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Entrepreneur at DOROANDME An Entrepreneur and a Business Professional has Experience in the various sectors for over 30 years
What is Your real Business?
Organisational Leadership | Fundraiser | Investor Relations | Transnational Education | Philanthropy | Connector
Know what your business is. 🍔❌️🏘✔️ A lot of people think that McDonald's is a fast food business. It is. But that's 𝙣𝙤𝙩 where the REAL money is. Former McDonald's CFO, Harry Sonneborn, was quoted as saying, "we are not technically in the food business. 𝙒𝙚 𝙖𝙧𝙚 𝙞𝙣 𝙩𝙝𝙚 𝙧𝙚𝙖𝙡 𝙚𝙨𝙩𝙖𝙩𝙚 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨. The only reason we sell fifteen-cent hamburgers is because they are the greatest producer of revenue, from which our tenants can pay us our rent." Instead of making money by selling suppliers to franchisees or collecting royalties, McDonald's became landlord to its franchisees. In 2014, McDonald's collected $27.4B in revenues, of which $9.2B came from franchised locations and $18.2B came from company-owned stores. Hold on, you may say - McD's makes more money from their own stores. But 𝙉𝙊. It costs a lot more to run your own store than it does to sit back and collect rent.📈💰 McD's keeps about 82% (in 2014) of franchise-generated revenue vs only 16% of company-operated revenue. That works out to $7.6B profit from franchised locations vs $2.9B from company-owned stores. So in profit, we can see that McD's really is a real estate empire more than a fast food one. What say you, fellow business owners and acolytes of corporate wisdom? Do you know what business your firm is 𝙧𝙚𝙖𝙡𝙡𝙮 in? I am Stephen Tan, and I write about #leadership, #management and #fundraising. 👀 my latest posts here: https://lnkd.in/g7j29kqU 🙋 Follow me on LinkedIn: https://lnkd.in/gPAgBfaT #strategy | #realestate | #business | #people | #work | #fnb | #fastfood | #franchising #LBFAlumni | #skyhightower
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Anyone who has studied McDonald's' founder for more than five minutes knows he was ruthless, ╰┈➤ Especially in his early days. He famously said that if he saw a competitor drowning, ╰┈➤ He would put a hose down their throat. After buying out the McDonald’s brothers, He was infuriated that he didn’t get the original store, Which he’d thought was included in the deal. ╰┈➤ The McDonald’s brothers were forced to change the name of their restaurant to "The Big M". Ray was concerned about them being a competitor. ╰┈➤ So he opened a McDonald’s next door to their establishment to undercut their business. It worked. Ray wasn't an entirely vindictive man and did have an occasional flash of morality. ╰┈➤ For example, he was reluctant to introduce the supersized meal because he felt the extra food was unneeded. He was concerned about the health implications of that much food. One of the most remarkable facts is that when he founded McDonald's, He made a gentleman's agreement with a Coca-Cola executive, Waddy Pratt, that McDonald's would exclusively sell Coca-Cola. ╰┈➤ That deal continues to this day. ------------------------------------------------------------- Just like Ray Kroc's determination with McDonald's? Connect with us today to explore innovative ways to 10x your business through lead generation and appointments. 📲 𝐁𝐨𝐨𝐤 𝐚 𝐅𝐫𝐞𝐞 𝟏:𝟏 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫𝐲 𝐂𝐚𝐥𝐥 #businessanalyst #businessowner #entrepreneurs #growyourbusiness #productivity #busyprofessionals #founders #ceo #mcdonalds #successstory
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Red Lobster: Another Seafood Stew in the Pot of Private Equity! 🦀💼⚠️ "From Lobster Feast to Bankruptcy!" That's the story of Red Lobster, a tale that marks another smudge on the face of private equity giants.🦞 Once a thriving seafood chain, Red Lobster hits a rough patch with private equity firm Golden Gate Capital at its helm. The company, in an alarming move, sold its real estate assets in a sale-leaseback for $1.5 billion, leaving the chain with an unbearable lease burden.🏚️ Just picture this - Red Lobster dished out $190.5 million on leases last year alone, with $64 million going to underperforming locations. Sounds like a financial nightmare, doesn't it? Critics have been unrelenting, and rightly so. The private equity firm, in essence, stripped the company of its assets, leaving it gasping for air amidst falling sales. Let's not forget the alleged shrimp contract scandal, which further tarnished its reputation. Yet, the real blow came from the ill-timed asset sale that left the company with no safety net.🦐 Sale-leasebacks can be a lifeline, but not when they anchor you with a cost that cannot be easily refinanced. The reasoning behind this move remains a bitter pill to swallow, as the funding wasn't even used to revive the business, but rather to line the pockets of the investment firm. 🏦 The outcome? Red Lobster, fighting a losing battle, plunges into bankruptcy. Don't get me wrong. Private equity can be good for businesses. But when they turn brands into zombies, it’s hard not to question their motives. Lesson learned? It's time businesses carefully reconsider how much they're ready to sacrifice for short-term gains. What are your thoughts? How can restaurants protect themselves from falling into similar traps? #franchise #franchising #privateequity
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🌟 Celebrating B Corp Month: Our Journey to Ethical Commerce 🌱🌍 Discover why GROSCHE proudly became a B Corp! 🚀 As a family-run, majority woman-owned business based in Ontario, Canada, we're more than just another startup – we're pioneers of ethical commerce. 💼 At GROSCHE, our core values are the heartbeat of everything we do. From the very beginning, we've been committed to social sustainability and responsible business practices. 🌟 We refuse to compromise the well-being of our society or planet for profit. In fact, we firmly believe that economic growth and societal prosperity can go hand in hand. Join us in redefining what it means to be a responsible business! 💪🏼 Let's show the world that profitability and positive impact are not mutually exclusive. Together, we can spread joy while making a meaningful difference for customers, employees, society, and the planet. 🌈 #BCorpMonth #EthicalCommerce #SustainableFuture #GroscheForChange #EveryCupFillsAnother
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Another deal funded by the large deal leader! Mulligan Funding was able to help a restaurant in Virginia access $1,200,000 in funding. By teaming up with David Tavares, this merchant successfully secured the funding they needed. With funding amounts up to $2,000,000, Mulligan Funding can help your small or medium-sized business get access to the capital it needs. To see how much your business may qualify for, get started using the link below. https://lnkd.in/gX5deVyA #MulliganFunding #BusinessLoans #WorkingCapital #BusinessFunding #SmallBusiness #SmallBusinessTermLoan
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𝐅𝐫𝐢𝐝𝐚𝐲 𝐦𝐨𝐭𝐢𝐯𝐚𝐭𝐢𝐨𝐧 Let's end the week with a very inspiring video about the founder of Surrey Hills Grocer who bounced back from failure and now running a string of successful restaurants in Singapore. 🔥 It's a story of falling down but picking ourselves up again. 💸 It's a story that entrepreneurs can lose everything in a relatively short time despite building it for very long. 👨👩👦👦 It's about the power of having the right support. In her case, her family. But for others, the family or closed ones may not understand our struggles. Thus, finding the right community and support is so important. 🚫 Once bitten, doesn't not necessarily means twice shy. I've eaten in Surrey Hills last year thanks to May Cheng's recommendations and this year again when my friend wanted to celebrate my belated birthday with me. It's not easy running an F&B in Singapore as we are spoilt for choices and there are simply too many competition. Thus, chancing upon this interview, especially now that I am an entrepreneur myself, gives me the needed boost for the weekend ahead. I hope it spurs you on too. #NotTheUsualMentor #mentoringmatters #mentoringprogram #keephustling #nevergiveup #resilience #entrepreneurship https://lnkd.in/exP9XsHD
From nearly broke to CEO of Surrey Hills Grocer Group | Pang Gek Teng | WKH meets...
https://www.youtube.com/
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IMPACT > Influence Thursdays: Highlighting Jeremy Joyce, Founder of Black People Eats,LLC 🌟 IMPACT > Influence Thursdays 🌟 This week, we're thrilled to spotlight Jeremy Joyce, the visionary founder of Black People Eats. Jeremy’s incredible journey is a testament to the transformative power of community-driven initiatives and the impact of supporting Black-owned businesses in the food industry. Black People Eats was born from Jeremy's passion to shine a spotlight on the rich culinary talents within the Black community. His platform is not just about celebrating food but about creating economic opportunities, fostering entrepreneurship, and building a supportive network for Black-owned restaurants and food businesses. Through Black People Eats, Jeremy has: Curated a directory of hundreds of Black-owned eateries, helping food lovers discover and support these businesses. Organized events like the annual Juneteenth Festival, which attracts thousands of attendees and showcases the diversity and excellence of Black cuisine. Partnered with major brands such as Pepsi, Uber Eats, and Google, leveraging these collaborations to provide resources and amplify the visibility of Black-owned food businesses. Collaborated with tourism boards across North America and the Caribbean to highlight and promote Black-owned restaurants, driving tourism and economic growth in these regions. You can follow Jeremy on social media @BlackPeopleEats #IMPACTThursdays #BlackPeopleEats #SupportBlackBusinesses #CommunityImpact #Entrepreneurship #DiverseCreators
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** Empowering Black Entrepreneurs: Pathways to Franchising Success ** Franchising offers a pathway to success for Black entrepreneurs, and we're thrilled to have played a part in making this dream a reality. The African American Chamber of Commerce for PA, NJ & DE, in collaboration with the International Franchise Association Foundation, recently co-hosted the "Pathways to Franchising: Pennsylvania" event, and the results were nothing short of inspiring! Franchising empowers entrepreneurs to achieve financial success by providing a proven business model, franchisor support, brand recognition, financing opportunities, and rapid scalability. It bridges capital shortages, mentorship gaps, and limited market access. We would like to give a special shoutout to Jovan Goldstein, Founder and Managing Partner of JT Goldstein Accountants and Business Advisors, and the African-American Chamber of Commerce Chairman of the Board, who moderated the Technical Resource Panel. Additionally, Kim Carter, MBA our Business Solutions Specialist, participated in the Technical Resource panel, passionately explaining our mission, who we serve, and the benefits of Chamber membership for business owners. Now, here's our call to action: Join the African American Chamber of Commerce for PA, NJ & DE, and let's work together to strengthen and support Black-owned businesses and institutions. Our commitment is unwavering, and together, we'll continue to empower the Black community and create lasting change. #FranchiseSuccess #SupportBlackBusiness #AACCStrong #30YearsStrong
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