Groupon spent $208 million in marketing for the first three months of 2011, this represented 77% of its $270 million of gross profit for the same three month period. Groupon’s marketing spending for these three months was driven by customer acquisition in international markets it had recently entered. International sales represented 54% of Groupon revenue […]
Earlier today, I attended an informational meeting about SoundBoard Angel Fund, which is getting closer to its launch date. The fund will build on the expertise of SoundBoard Consulting Group, whose members have extensive experience coaching entrepreneurial led companies. Attorney Gregory Petroff, who is advising SoundBoard Ventures, told the meeting attendees that he believed that […]
Mayor Michael Bloomberg and City Council Speaker Christine Quinn both emphasized the importance of New York City’s food manufacturers when speaking at Baruch College this morning, the site of the NYC Food Manufacturers Business Expo. Bloomberg mentioned that food represents a $5 billion industry in New York City, responsible for 19,000 jobs, and employment growing […]
My wife and I had an impromptu lunch a few weeks ago at Harry’s Burritos on 71st and Columbus Avenue in Manhattan. Our waiter looked flustered when he seated us, and lunch took about forty-five minutes to arrive, way longer than we expected. When my wife asked the manager why service was so slow, he […]
On July 9th, I conducted a seminar – Small Business Profitability Makeover – for 25 exhibitors at the Fancy Food Show, in Washington, DC. Attendees learned how to: refine their pricing tactics by checking out the competition determine which product lines are profitable and which aren’t save on purchasing by adopting tactics used by larger […]
Earlier this week, NY City announced 22 new initiatives to help small industrial businesses stay and grow in New York. As reported by the NY Times, overall employment by manufacturers in NY City has declined by almost two-thirds since 1990, but the number of jobs in food-making increased by about 6 percent last year, running […]
David@RudofskyAssociates.com
Phone: 1-914-216-3566
Based in New York City. Doing business nationally.
