Does Your Business Reward Employee Performance?

Google “Five Guys Burgers and Fries Articles” and you’ll get 86,300 results. Five Guys is a huge business success and it’s still a family-run business with the mother, father, and five sons in charge. I find it fascinating to read that two key elements of the restaurant chain’s success (a billion in annual sales) relate directly to people issues. You and I can learn from their example. Reward Employee Performance First, Five Guys rewards employees liberally for outstanding performance. Rather than spend on marketing or advertising, Five Guys collects 1.5 percent from every franchisee and distributes that money to the work crews who score the […] Read more »

Business Owners: Stick with What You Do Best

Business owners can reach higher levels of success by studying what other companies do to succeed. That’s one reason I recently did some research about the family-owned, highly successful restaurant chain, Five Guys. Why use Five Guys as a model? Family Business magazine calls them one of the restaurant industry’s largest family-owned businesses. Five Guys has 1,000 restaurants and 2012 sales of $1 billion plus. That’s a pretty high level of success. Make Only Quality Products An article in Inc. magazine says that Five Guys attributes much of its success to producing a high quality product and only doing what the restaurant does best. The […] Read more »

Business Lessons from “Five Guys Burgers and Fries”

They’ve been featured in many of the major national media outlets including Forbes and Inc. magazines. A Family Business magazine feature calls them one of the restaurant industry’s largest family-owned businesses with some 1,000 restaurants and 2012 sales of $1 billion plus. You’ve seen the growth they’ve had here in Connecticut. So I thought you and I could certainly learn from Five Guys Burgers and Fries. Imagine: Their success began just 27 years ago with a single location in Arlington, VA. When two of Jerry Murrell’s sons chose not to go to college Jerry told them he’d use their college education fund to open a […] Read more »

The End Of Western Civilization As We Know It!

 . . . NOT!

I know that it is difficult with all of the hype from the news media and the talking heads on the cable channels to be able to think beyond the next week, much less the next twenty-four hours. However, despite the ongoing manic-depressive state that they seem to fluctuate between, the world as we know it is not coming to an end — either for our republic for those more financially interested — your portfolios! Regardless of the political action taken by our Congress and President — and they’re ours, regardless of the low estate that we hold them in — I predict that the […] Read more »

Faith & Confidence in the Greatest Wealth Generating Tool

My closing thought for this month: There is always a lot of noise floating around, especially in the media, promoting an attitude of fear and pessimism. Of course, there are a great many things to fear, but there always have been. Through world wars, depressions and catastrophes of all kinds, free markets have still always managed to spur economic growth. And stock investments have remained the greatest wealth creation tool known to human-kind. Many financial professionals constantly want to talk about their market outlook. In the long run, our market outlook is always the same. We are long-term bulls because stocks, as pieces of businesses […] Read more »

Second-Guessing the Financial Markets

written by Jim Parker Outside the Flags Vice President Basing an investment strategy around supposedly expert forecasts is not always a good idea.   Markets recently have had a rocky time as investors in aggregate reassess prospects for monetary policy stimulus in the US. Is this something to worry about? The world’s most closely watched central bank unsettled financial markets by flagging that it may start to scale back its bond purchases later this year. Under this program of so-called “quantitative easing,” the Fed buys $85 billion a month in bonds as a way to keep long-term borrowing costs down and help generate a self-sustaining […] Read more »

Some Things Just Don’t Change

Date: Tue, 02 Jul 2013 11:37:54 -0400 Probably the dumbest question an investor can ask of anyone who is seriously engaged with the equity markets is: “what do you think is going to happen to (fill in the blank: the market, xyz stock, abc Mutual Fund, the economy, etc.)” We saw earlier this week some wild downward moves in the global markets precipitated by — again, fill in the blank (Bernanke, The Fed in general, Congress, Immigration Reform, Investor fatigue, Possible Increase In Interest Rates, etc.). In fact, the headlines were so “doom and gloom,” that I felt that I had to write an interim […] Read more »

Luck or Skill to “beat the market” consistently?

beat the market

Date: Tue, 02 Jul 2013 11:37:54 -0400 One of the reasons that it is so difficult for any investment manager, broker or mutual fund to “beat the market” consistently is not because these individuals or companies are dumb — quite the opposite, it is because they are so smart! We’re talking here about MBA’s from Harvard, U. of Chicago, Wharton, Stanford, Northwestern (there DC, I gave your grad school a nod), et al. What you have is all of these really smart people, with access to huge amounts of data and resources, looking under the same rocks for the next Google or the overlooked bargain, […] Read more »

Does Being Human Hurt Your Investment Results?

The following is a commentary from my friend and fellow coach Fred Taylor: Columnist, Morgan Housel had some interesting observations regarding the psychology of investing. As many well know, one of the things that we try to educate investors about is the realization that it is their own human psychology and emotions that are their own worst enemies! Very good for survival of the species — not so good for investors. Some of his thoughts on the subject:

 (Does this sound like you?) You criticize Wall Street for being a casino while checking your portfolio twice a day. You sold your stocks in 2009 because […] Read more »

Even Foreigners “Get It!” & You Have To Be In Gold

One more commentary from Fred: May 24, 2013: First, remember the holiday we observe over this weekend: Memorial Day. Keep those who are serving, have served and who have made the ultimate sacrifice in your thoughts. It isn’t just all about the beach, barbeque and beer! Even The Foreigners Get It! During my recent trip down to Ecuador, while on a flight out to the Galapagos (yes, it’s not just the blue footed Boobies who are there now — they do have an airport), I was perusing the inflight magazine using my somewhat limited knowledge of Spanish. Interestingly, there was an investment section that immediately […] Read more »