Opinion: A Case Against $15/Hour Minimum Wage

Personally, I’m of the mindset that if you’re not satisfied with the pay you’re receiving, maybe it’s time to look for another job or do what’s necessary to position yourself for a better paying job. I know, as I worked two jobs early on in my career because I had a family to feed and I just did what I had to do to provide. I cannot agree that it is the responsibility of business owners to just arbitrarily increase wages because hourly workers want or think they deserve more pay.

WageAlternatively, like business owners have done, these workers should look to small business ownership themselves if they want to make more money. Maybe join forces with others and form partnerships to take the first step.

And, a question that I haven’t seen answered is how a raise in pay to $15 per hour affects those already earning $15 per hour. So, if someone’s pay is raised from $10 to $15, does that mean the worker earning $15 should be bumped to $22.50 or higher? Where does it stop?

In the end, this movement will cost jobs and shutter once successful businesses. This is the land of freedom. In part, that means individuals are free to accept or decline job offers and on the flip side, business owners should be free to offer jobs to whomever they believe is qualified for an open position and at the wage believed to make economical sense for the business, including the owner’s return on investment provided of course, it’s above federally mandated minimum wage. Clearly, unions don’t see it this way and ultimately, they’re truly only looking to add to their own coffers. To them, it really is not for the betterment of workers as much it is to strengthen the unions and its leadership.

Paul Segreto, CEO, Franchise Foundry

What does a $15 minimum wage do to the economy? Economists are starting to find out.

The Truth About Startups

The process

Many people think startups are up and to the right all the time. But more exhibit this startup curve than any other growth pattern. Of course, some never get past the “trough of sorrow”. But many do. Mostly by staying focused on the problem they are trying to solve and working diligently to get to the promised land.

Would love to hear some thoughts on this from franchise founders, business owners and entrepreneurs!

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.”  Steve Jobs, Co-Founder, Chairman and CEO, Apple

50 Inspirational Quotes for Startups and Entrepreneurs

Is Franchising the Right Way to Grow Your Restaurant Business… or Any Business, for That Matter?

This past January I presented a webinar for RestaurantOwner.com about the ins and outs of franchising a restaurant business. Special attention was also placed on preparing to franchise and how doing so could significantly improve the business itself and provide a road map for multi-unit operations – even without actually proceeding into franchising.

Well, the response after the event was quite robust and led to us performing a number of franchise feasibility studies for independent restaurant owners in various markets across the country. Our recommendations were split on whether to franchise or stay the course as an independent operation. In the coming months, we’ll be able to see how our recommendations play out. In the meantime, interest remains high, not only for restaurants but also non-foodservice operations across a multitude of industries and industry segments exploring franchising as an expansion or growth strategy.

RSG_Logo_Rev3.pngLast month, in Restaurant Startup & Growth magazine, a RestaurantOwner.com publication, appeared an article by the RS&G staff, taking a deep dive into my webinar and philosophy about franchising a business. The article started out…

Some of the most successful brands – in any sector – are franchises. In the restaurant business, they are household names. For many independent operators, franchising their concept is the so-called “Big Hairy Audacious Goal”. Before you take that leap, there are a lot of small and critical steps to consider.

The rest of the article, Baby Steps – Is Franchising the Right Way to Grow Your Restaurant Business? may be read on pages 42-47 by clicking HERE.