Congratulations Scott & Kristin

Kristin and Scott engaged

My daughter Kristin is now engaged to an old fashioned guy — very much like me. Lucky girl! 😉

We had an opportunity to meet Scott for the first time many moons ago in Orlando — and we were also introduced to his gracious parents at the same time. Kristin asked me later, what I thought and I said I liked his parents very much … which meant that I already found Scott someone I could easily chat with over a barbecue… so he was a keeper. When Scott called to ask for my blessing, I was impressed.

So, Congratulations and I will make the trip down the aisle with pleasure.

 

Zucchini Cakes with Dill sauce for Lunch!

There are many recipes available for Greek Zucchini Cakes and although I think Chefs all work hard at getting noticed... it is the simplicity of Kokkari's Restaurant in San Francisco that does this best.

In America, there are many substitutions that many chefs employ in order to roust up this wonderful dish and lower costs, but staying true to the original cheeses — for example — makes it wonderful.

  • Monauri rather than a crumbly soft cheese alternative
  • Kefalotiri rather than Parmesan
I am still tweaking it a bit ... but this first attempt was delicious!

After playing with this today… I am not quite ready to post my version…but it made me smile at the chefs and what they failed to tell you … but isn’t that the way it always is? You must experiment and then it becomes your own!

nothing like a great one pot meal!

CLICK on the picture above to see some of the wonderful cookbooks offered by Chef Daniel Boulud

I know some folks are going to tease me a bit about this particular cookbook as it has been out for a while, but I won’t by just any book and this one intrigued me. Why, you might ask? Simply, I am really not interested in the so many cook books that offer 30 meals in thirty minutes with three ingredients. Hey, I can do that too: take a steak add salt and pepper and grill! Drink beer. Oooops… does beer count as a 4th ingredient?

However, I am very fond of one pot meals be they  the South African Potjeikos (‘Potjies’) or the many from around the world!

Chef Boulud has put together a wonderful assortment of one pot meals ( some could even be adapted to the crock pot)… and a couple have caught my eye: one was chicken with a Tamarind sauce and the other involved oxtails and pears … very intriguing!

Braise by Daniel Boulud

planning your high school reunion? here’s what we did

This is 'old school' to most business students... but something to think about before you begin a party in which you charge admission.

———————-

Recently,  I was chatting with a few college students planning for a big event on their campus. All the discussion centered around how much they would be able to charge for admission and a grudging recognition that substantial costs would be incurred. Their big question: where do we start in analyzing this problem? In my not so humble opinion, no more practical application of business knowledge exists than solving a simple ‘breakeven analysis’. The purpose is to determine how many folks need to attend — paying a certain ticket price — in order to ‘break even’ and cover our costs … or how many tickets need to be purchased before we begin to make money? All too often, I have seen where good intentions have lead nice folks to sustain incredible losses, when only minor changes would have turned frowns to smiles. Einstein said that the best way to learn is by example, so allow me to tell a story familar to many of my former students:

Our first high school class reunion at 10 years

Laura and I attended the first meeting of our reunion committee oh so many years ago and it was fun getting together. No one wanted to get ‘hung’ with a huge bill if the costs exceeded the revenue , so naturally there was much discussion on pricing of the tickets. I suggested that we break the discussion into three parts:

(REVENUE) TICKET PRICING

I thought, Let’s find out what our former high school classmates would pay to attend a reunion and try and see if we could get an estimated head count and obtain a tentative verbal commitment. We would also discuss possible locations and time of year considerations that might make the reunion more enticing. A ball park on pricing would be helpful.

ADDITIONAL REVENUE GENERATORS

Often times, you will find ways to generate funds without totally depending on ticket sales and this might include: simple donations, selling advertising in your reunion book or splitting the bar precedes with a restaurant or hotel that wants your business.

FIXED COSTS

There were a large number of costs that you will incur whether one person shows up or hundreds. These types of costs are called ‘fixed’ and you need to figure out how to underwrite them in order to move forward. Some of the cost considerations were things like: choice of band, location rent, security, decorations, printing, invitations, name tags, souvenirs and anything we might likely be stuck with if it all folded like a wet taco. We knew we had to keep an eye on this one as its costs were mostly inescapable!

VARIABLE COSTS

Variable costs ‘vary’ with the number of folks who attend. The best example of this in a reunion is food. Outside of a small fixed portion ( guaranteed minimum number of meals to be prepared or total food to be purchased), these types of costs influence ticket pricing directly… they push the ticket price up the fewer you anticipate coming.

REVENUE (total ticket sales) – (FIXED COSTS + VARIABLE COSTS) = ZERO

A break even analysis is basically that. It answers the simple question of how many tickets do we need to sell in order to cover our costs? Any tickets sold above that amount can be used to cover unexpected costs which always occur and begin funding for future reunions.

OUR RESULTS

Well, we had quite a hit. Who wouldn’t have had fun? Wooden dance floor, live band, open bar, free beer and wine all on the beach in Santa Monica! Everyone seemed happy and the our breakeven was set low enough to ensure no one on the committee would get ‘stuck with the bill.’ We had enough left over to take the entire team out to dinner and put plenty aside to get the next reunion started. The funds never made it to the next committee… but that — as they say —  is another story.

I have used this example in many classes I have taught over the years, often telling this story on their first day. In cost, managerial, or financial accounting, this ‘case study’  brings to young students the practical application of what they are learning to their real lives. I remember an older student taking a copy of this to help plan his own 10 year high school reunion. My marketing students like to integrate costs  considerations into their pricing decisions for positioning and competitive reasons and this works for them as well.

Few examples have students found as fun or as relevant.

bake something for someone you love # Christmas #recipes

bake something for someone you love #Christmas #recipes
CLICK on the above picture to read about the six cookie recipes we make for Christmas!

Every family has favorite recipes that are almost iconic and recognizable to those who know you. Holiday recipes say more about you than the car you choose to drive or the neighborhood you live in… because recipes — more than anything else — are deeply personal. What are yours?

CLICK here and share what you love to make this holiday season!