Bernoulli Finance Founder and Principal, Anjali Oberoi, is joining the board of directors of the Third Millennium Alliance (TMA). TMA is a grassroots nonprofit foundation, which brings together a group passionate environmentalists around the goal to build and protect wilderness areas in Ecuador.
PayPal and Square have shaken up the startup financing space with innovative lending products. Their loans are fixed-fee, delivered almost instantly, and repaid automatically with a percentage of the lendee’s sales. So much prettiness makes you forget to analyze the financial merit of these loans. So we took a closer look at the matter and built a calculator to help you assess your PayPal loan option.
Not liking the boss is the most common cause for employee unhappiness, and in turn a major factor of staff turnover. This is particularly a problem in the food service industry where managers often rise to their position based on skills that have nothing to do with their ability to manage people. Here are a few ideas to ensure that your business is lead by better bosses.
The October unemployment figures just came out: unemployment is low, and wages are increasing. In the food space, particularly restaurants, an industry with very low margins and very little wiggle room, this has created a terrible labor shortage. Do you know what your employee turnover is costing you?
A recent study found that each additional star on Yelp results in a 5% to 9% increase in revenue for a restaurant. Like them or hate them, online reviews have become a factor to reckon with if you operate a food business. They have empowered consumers and made the success of restaurants about so much more than product.
Bernoulli Finance’s engagement in support of mission-positive businesses would be incomplete if, from time to time, we did not address the larger goal of contributing to a more equitable and peaceful society. This feels particularly relevant in a time when racism, sexism, and homophobia seem to be having a ball sponsored by the most powerful in America. This piece is an attempt to use our core expertise – finding meaningful numbers and interpreting them simply – in the service truth in the public sphere.
The development of gourmet food halls represents one of the top current trends in the food industry. It is expected that by 2020 their number in North America will have multiplied four times from what it was in 2015. This trend reflects important changes in consumption preferences and habits. Millennials want healthy, artisan, and convenient meals, and they prefer eating in communal settings. Does this mean that setting up shop in a food hall is the right idea for every small food business?
The emergence of coworking spaces might be the most dramatic manifestation of the way our work culture is evolving. It was recently reported that shared workspaces have been growing at a yearly rate of 20% in global cities. But what exactly is the appeal of coworking? In this piece, we explore the demand side of the industry, and ask: Are businesses need more than just cheap office space?
Nuchas is on a mission to bring delicious foods from around the world to the palm of your hand. Started in 2010, the company now operates four retail locations in NYC and a growing wholesale division that delivers its hot-pockets to stores, airlines, and trains. The story of Nuchas is special because it touches base on many of The Workshop’s core topics: bringing values into business, growing a product company, introducing novel foods to a market, balancing retail and wholesale strategies, and making other tough decisions between different growth paths.
When was last time you signed a project that did not feel under-budgeted, under-staffed, or too rushed. If you are a consultant, I'm guessing your answer might range from "never" to "eons ago". This piece explores the underlying reasons why pricing a consulting service is such a tricky affair and what can be done about it.
2018 might be remembered as the year when cryptocurrencies became more than just an obscure field lead by anti-establishment geeks. We have witnessed the emergence of the first Bitcoin billionaires, BlackRock is investing in the industry, and Facebook has lifted its ban on the cryptocurrency ads. Is it time for your small business to start accepting cryptocurrency payments?
You’ve done your homework, you’ve paid web developers and graphic designers to make you a website, you tinkered with the settings on the CMS site and wrote customer service SOP’s. Now you are a proud owner of your own working e-commerce site. What else? How about joining an online marketplace and getting in front of a lot more people! Here are some of the What, where, who, when and how’s.
Does food innovation pay off? The domineering tech industry has gotten us all fixated on “innovating”, “disrupting”, and “going viral”. We tend to forget that consumer habits evolve differently across industries. In food, the broad adoption of new products is often a years-long process, which translates into major risks for the entrepreneur. In this piece, we explore those risks and how to build a winning strategy around food novelty.
Here's to the Balance Sheet! Often misunderstood, considered by many as the pariah of financial reports, yet oh so useful to the brave heart who takes the time to look beyond the surface at the wealth of information it carries. It is in the spirit of addressing this historical injustice that Bernoulli Finance put together a simple infographic that will tell you all you've been missing!