Business Model – How a venture makes money.
Crowdfunding- The use of capital from a large number of individuals to finance a new business venture.
Gross Domestic Product (GDP) – The final value of all finished goods and services for a period of time.
Impresario – An entrepreneur who not only organizes a performance, often they direct the team members.
Intrapreneurs - People that use entrepreneurial methods within a corporation.
Prime Cost Plus Delivery – The total direct costs of production, including raw materials and labor in addition to delivery expenses.
Real Gross Domestic Product (GDP) – The transitory inflated/deflated value of all finished goods and services for a period of time.
Restaurant Listing Price( RLP)- The advertised price of items offered from a menu.
Servant Leadership- A management style of putting the needs of you team first to that they can serve your customers.
Social Entrepreneurship- Finding solutions for social issues with a business model.
Total Meal Cost (TMC)- The total direct costs of production, including raw materials and labor and other expenses like packaging.
The Seven Questions
What are you serving and what makes it unique?
Who are you serving?
How often will you serve them?
How does your team fit together?
How much money is it going to take?
Where is the money coming from?
Growth= Investment x ( Fit + Talent)
Quality is the consistent delivery of a predtermined standard.
The Chefs Reference Guide
Bring the Art and Science of culinary preparation into your kitchen. This Master Chef edition includes over 1300 recipes and formulas presented in a ratio format. There are 3000 culinary terms in 30 languages as well as reference charts and graphics.