My notes from a training recently. I have been through many trainings at Apple, Dell and with startup companies but this one was one of the best.
Excerpts via New York Post
Uber and Amazon are launching slick new apps that promise to widen the market for high-tech food delivery — but the bill for restaurants won’t be cheap.
Uber will begin in March to deploy its vast network of taxis and bike couriers to deliver gourmet pizzas, burgers and salads through its new “UberEats” platform — and will demand an unprecedentedly steep 30 percent cut of the bill from restaurants, sources told The Post.
Amazon won’t be far behind, with plans to charge eateries 27.5 percent of the check, according to interviews with persons briefed on the situation and documents reviewed by The Post.
Amazon is preparing a mobile ordering platform that will include more than 300 Manhattan eateries through its Prime Now app, sources said.
That’s substantially above the 12 percent to 24 percent that Grubhub and Seamless charge restaurants for food orders, sources said — a rate that is already seen by many mom-and-pop establishments as punishing.
It’s also ahead of the 15 percent to 23 percent charged by rivals like Delivery.com, DoorDash, Postmates and Caviar.
Reps for UberEats have lately told cash-strapped restaurants that charging any less would be “unsustainable,” sources said. The new, full-scale platform replaces a more limited quick-delivery service for lunch launched last year that’s being renamed Uber Instant.
On top of the 30 percent cut it’s charging restaurants, UberEats has been adding a $5 delivery fee to customers in a recent pilot program in Toronto, sources said.
That’s on par with delivery fees of between $2 and $7 typically tacked on by services like Caviar and DoorDash.
Online giant Amazon, which began rolling out the “Amazon Restaurants” feature on its Prime Now app in Chicago last month, has waived delivery fees thus far.
“They’re still trying to really figure out what this is,” one source said of Amazon’s plans. “Is it [a customer] acquisition strategy for [Amazon Prime], or something they’d like to open up to the broader public?”
Officials at Uber and Amazon didn’t respond to requests for comment.
Despite the stiff fees, some Toronto eateries have already acquired a taste for UberEats.
“We’ve had a very good experience with Uber — no complaints,” says Gary Quinto, a partner at Pizzeria Libretto Group, which operates a half-dozen area restaurants.
Still, it’s unclear what kind of threat the higher-priced UberEats and Amazon apps pose to rivals. Mighty Quinn’s Barbeque, about to open its fourth location in Manhattan, currently uses Caviar for deliveries. The chain may try UberEats when it launches.
“It’s kind of volume-contingent — we look at gross-profit dollars instead of gross-profit percentages,” says co-founder Micha Magid, adding, “We don’t need to be on every single platform.”
Some players pooh-pooh the idea that food deliverers need fat percentages to survive.
Munch Ado, a new restaurant search engine that’s in the middle of raising $20 million, says it delivers better service than Seamless and Grubhub’s no-frills site for just 8.5 percent of a restaurant’s bill.
“If we’re going to build a long-term, sustainable model, the pain threshold for restaurants is 10 percent,” says Munch Ado Chief Executive Puneet Talwar.
United Airlines, Starbucks and a host of other companies are integrating their apps and mobile web sites with Uber.
Do you have a need to ship a widget on demand?
Well our team can help you "survive, but thrive" in this area.
We have already partnered to deliver "on demand" coffee, ice cream, cookies and cupcakes. What else can be done?
Our team can help you look at what level do you want to integrate to save time and make money.
Our team can develop the mobile web site, integrate it with Uber for delivery, and take a % of increased sales.
We spend 86% of our time on apps when we are on a SmartPhone
Dave Ramsey Seminar
Been at this for over 20 years and now I am an over nite success
I started this on a card table
How It Came To Be
In the Bible you can govern via a 1-5 ratio
So I gathered up a few people in my business
I started out working with people to get 'em outta debt (Dave Ramsey 1.0)
It is now Entrepreneur Leadership (Dave Ramsey 2.0)
How to accelerate your business using biblical principles
This is stuff your grandmother and the Bible teaches
When in doubt, teacher your people
Started a class with 5 people on how to run our business
Our internal MBA course or mastermind group
Then we had a guy who had a wife that was a realtor who wanted to sit in
Then it got out of control and now we have thousands at a time all over the country sitting in and and podcast with millions of downloads
We then named it EntreLeadership
Our professors at universities are teaching business who have never met a payroll
You choose to be a leader
Leaders are not born
You don't look at a baby and say well would ya look at that...he is a leader
If you don't have entrepreneurs on your team you are constipated
You are then government
Is it messy...absolutely
You want racehorses but you need to point them in the right direction
Leaders rules guides or inspires others
But you need get out there and lead
Manage your time and commitments
1) Team first
Schedule on/off times when you are available
Your team needs you on 24 hours a day? Really?!
Never allow information into your mind when you don't want to give it your attention or action
Do more of what ONLY you can do
Protect What Matters To You (faith, family, work, friends)
Boundaries are about Self Respect
Get home when you need to be
Leadership is not a position
Leadership is a lifestyle
When you are in the marketplace
Hit it, bust it hard
Kill it, drag it home
When you are home...be HOME
Turn off you PHONES!
Focused Intensity over Time times + GOD is unstoppable momentum
We do this via Mastermind Groups and eCoaching now to scale this
Information and Inspiration daily
What is a book worth? Not the cost of the paper
It is the one idea that may help you.
Teamwork in TWO seconds!
Chris Hogan Session 3
Understanding Personality Styles is vital to winning
On decisions you need to define who, when, why and how for eveybody
In our office, we have the DISC up in the office
We are either building a team or building something that looks like a team
You need to be intentional
You need to bend a little and connect with your team
You need to connect the wires
Drama will decrease when you do this
Productivity will increase when you do this
A championship team is no accident
David L. "Dave" Ramsey III is an American financial author, radio host, television personality, and motivational speaker. His show and writings strongly focus on encouraging people to get out of debt and developing leaders in business
Read this, then ask yourself…
WHO IS YOUR TRIBE AND
WHO DO YOU WANT TO CONNECT WITH
I just reread Seth Godin “Tribes”
When I was at Apple, Seth was always on our team reading list. I took some notes on my iPhone while I was reading it. Tribes by Seth Godin…
Tribes need two things…
1) a shared interest
2) a way to communicate.
Human beings can’t help it…we need to belong All that is missing is you, your vision and your passion. Marketing is the act of telling stories about the things we make…stories that sell and stories that spread.
Today, marketing is about engaging with the tribe and delivering products and services with stories that spread
Communication can be one of four kinds
1) Leader to tribe
2) Tribe to leader
3) Tribe member to tribe member
4) Tribe member to outsider
A Leader Needs To
1) Transform the shared interest into a passionate goal and a desire to change
2) Provide tools to allow members to tighten their commuication
3) Leverage the tribe to make it grow and gain new members
A Movement Has 3 Elements
1) A narrative that tells a story about who we are and the future we are trying to build
2) A connection between and among the leader and the tribe
3) Something to do…the fewer the limits…the better
We need to be aware of this when you want to start a movement or accelerate one.
The Average Sports Agent's Commission
by Marie Gentile, Demand Media
A sports agent is responsible for managing an athlete's business agreements.
Sports agents represent athletes in professional negotiations for contracts, salaries, endorsements, appearances and other business agreements. They work to promote the athlete’s image, abilities and career and most often earn money from commissions based on the agreements they broker. The commission percentage an agent charges his client varies based on a variety of factors.
An agent’s commission varies, based on the sport he represents. Generally, a sports agent earns between 4 and 10 percent of an athlete’s playing contract, though some leagues place limits on what percentage an agent can charge in commission. For example, the National Football League states that an agent can't receive more than 3 percent of player salaries. The National Basketball Association places the limit at 3 percent too. Major League Baseball and the National Hockey League don't have any limits on agent commissions, however.
The amount an agent earns in commission depends largely on the average player salaries of the sport he represents. Because of salary caps, however, the highest-paid players don’t necessarily correspond with the highest-paid agents. In the NFL, players can earn anywhere from $375,000 to $20 million from a playing contract, meaning the agent can earn between $11,250 and $600,000 per player. In MLB, with no commission limits, players earn between $400,000 and $32 million, and agents pull in anywhere from $16,000 and $4 million. The highest-paid MLB agent in 2013 was Scott Boras, who earned $11,728,037 in commissions from $248,222,750 worth of player contracts – a 4.7 percent commission.
“The idea is that technology is changing the way media is consumed, products are consumed, data is consumed,” explained Pyne. “Sports engages consumers around their passion points in ways that other things don’t. We want to be at the forefront of that disruption and change and empower entrepreneurs trying to build disruptive technologies.”
Over the past decade behavioural scientists have come up with some intriguing insights. In one landmark experiment, conducted in an upmarket grocery store in California, researchers set up a sampling table with a display of jams. In the first test they offered a tempting array of 24 different jams to taste; on a different day they displayed just six. Shoppers who took part in the sampling were rewarded with a discount voucher to buy any jam of the same brand in the store. It turned out that more shoppers stopped at the display when there were 24 jams. But when it came to buying afterwards, fully 30% of those who stopped at the six-jam table went on to purchase a pot, against merely 3% of those who were faced with the selection of 24.
Source: You choose | The Economist