Posts by Jeanine Ibrahim
- Jeanine Ibrahim at The Biz Fix5 days ago
Derek and Debbie Kaye tell eager foodies who seek advice on starting a food truck one thing—don’t do it.
The married couple cut an exclusive licensing deal with Eddie’s Pizza, a restaurant on New York’s Long Island, to sell a version of its bar pies out of a truck. Four years later, they say it’s become increasingly difficult to make money on New York City’s streets.
“On a monthly basis, we’re spending over $1,000 in parking tickets and fines alone just to maintain our business on the streets,” Derek Kaye said.
Tough rules and regulations, along with required permits and licenses, create obstacles that eat up their profits, the couple said. Truck drivers often wake up at 3 a.m. to fight for prime lunch spots, even though they can’t legally park and operate at a paid meter.
“We even go to a spot knowing that we’re going to get a $60 ticket, and we just take it because we like that spot,” Debbie Kaye said.
Marcus Lemonis of CNBC’s “The Profit” advises them on how to make more money, and how to hire help without spending a lot.
- Jeanine Ibrahim at The Biz Fix1 mth ago
Five years ago, Russ D'Souza and Jack Groetzinger were frustrated.
They wanted a single, convenient website where a user could find the best deals on concert and sports tickets, and it just wasn’t there. So like other entrepreneurs before them who built businesses from nothing, they created SeatGeek.
With $100 million worth of tickets flowing through the ticketing platform in 2013 alone, conventional wisdom says it’s been successful so far. Still, SeatGeek faces the challenge of getting its name out there, so Marcus Lemonis of CNBC’s “The Profit” spoke with the founders about their marketing plan.
How does it work?
First, SeatGeek doesn’t sell tickets.
It culls and lists inventory from all major primary and reseller websites like TicketsNow, eBay and Ticketfly. It then allows buyers to create custom searches based on factors such as seating, price and venue. Its proprietary software, Deal Score, ranks these seats from “amazing to awful,” based on a scale of zero to 100.
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