Happiness in Pursuit Rss

How to Structure NYC Retail Store Licensing + Consignment Deal

Posted on : 21-02-2010 | By : mike | In : travel, usa

2

i’m back to doing USA business almost 90% of the time….think i really gotta get back to the usa and straighten some deals and alliances out.

Since Shadstone took over newyorkbarstore…. i have been seeking vigorously how to improve the cash flow, here are some ideas

I NEED HELP WITH #1…………….how to structure a deal like that…

1) PARTNER with a NY retail shop - we get so many people looking for our retail store…..this is my idea
a) CLOSE/ end my 3rd party warehouse contract in upstate NY - and ship all the goods to the retail location in manhattan (or a borough)
b) license the shop the newyorkbarstore brand (trademark) - would they have to put up a sign, or even change the name of their shop
c) at first give them consignment terms on the goods i have in the upstate warehouse but..
…. later turn them into a customer…? or ….this is where i’m not sure.
d) add this shop’s products to the newyorkbarstore.com online retail website.
e) how to approach these shops…. i made this list - http://www.newyorkbarstore.com/nyc_bar_restaurant_directory/

2) move my warehouse to california - for my B2B - and then diversify from just barproducts to all kinds of bar products - sending JIT to the NY store location (#1 above)
a) I already hve some stock in california, in the city of santa ana.
b) cali is closer to china / india so my shipping time is reduced as well as my shipping costs
c) sell B2B from california, and using the NY location as a retail and geographical location.

3) build more online retail shops selling directly from my office in shenzhen.

I should be in NY sooner then later……but first want to get some warm leads and deal structure before going there….with the purpose of going there to sign and executre #1

going through my list of NYC friends and contacts…..gonna be busy making calls and talking shop - seems i’ll be on USA time frame for some weeks to come…

Bar SAMBA NIGHTS opening Saturday Night

Posted on : 26-10-2009 | By : mike | In : china business

2

Gonna do it…open the bar - this saturday - halloween night, will be the opening debute! samba nights bar shenzhen china

I’ve been back and forth in my mind, do it, or not to do it. But…I think it will be a good experience, and a good cross promotion for my bar products and liquor distribution businesses…..and I can learn the business where I am targetting anyway….how purchasing is done, decisions, etc.

So for this halloween party, this is what we’re planning

* Opens at 9pm
* Open bar all night for 100rmb - beer (san miguel + carlsberg) and “well drinks” (regular whiskey, vodka, with coke or sprite or tonic)
* Free Snacks
* Mechanical bull !!! (awesome, gotta get it fixed up, but have it)
* Beer Pong Game
* Halloween decorations & door prizes

Just want this to be a laid back bar - no nightclub, no annoying girlie bar annoying you to buy drinks for them, this will be a more local pub with fun and games, and friends.

Only gonna have it open Friday and SAturday nights, lets see

Still working out the website, but this is what it will be www.SambaNightsBar.com

Crazy Guangzhou City - America is so far away!

Posted on : 26-10-2009 | By : mike | In : china business

4

The longer i am outside of the united states, the more i wake up and realize how easy life was there.
Sad part is, i didnt know it until i left, and i dont think most of my friends and associates still there realize it now!
For example, today i traveled back to shenzhen city from guangzhou city…..took the long, budget way. Sure, i could have spent the extra money, and like many westerners, taken a private car or a taxi to a 1st class express train,,,,,
But, i want to see it from the eyes of everyone else living here….
One crazy, but cool thing i saw in guangzhou that i havent seen in many other cities is motorcycle taxis, well, not official taxis, but some entrepreneurs who use their motorcycle to cart people around.
They swarm approaching buses, revving their engines trying to grab a new customer who is exiting the bus.
guangzhou-travels-oct09
The wild part is i see a mom, or even i think grandmom, bargaining these rough middle aged bikers, haggling for a 0.15usd cost savings to be transported from the bus stop to their home. Even wilder is all along, they have a baby wrapped tightly in a blanket or towel, to their backs. Widely swinging their leg over the back of the motorcyclist, they zip off into the dusty, dry alleys of the city.
And this is daily routine, daily life. Just a trip back from visiting friends or grocery shopping.
The buses in guangzhou are so overcrowded, and some are normal coach buses with only the front door as an entrance/exit. Standing room only in the aisle, each bus stop you have high traffic shuffles from those exiting and entering
Then people wonder why chinese people have no sense for personal space! This comes from the high population, over crowded spaces such as roads, buses, and homes!
I just get a rush of energy seeing this, the volume of people, how others deal with each other - yea its a bit maybe dirty, and wild, but man, its envigorating.

guangzhou-travels-oct09-1

guangzhou-travels-oct09-21

hey-there

Top 10 Bankruptcies in US History, 3 this month

Posted on : 01-06-2009 | By : mike | In : business, usa

2

Wow, reading this financial article about the top 10 US bankruptcies…and 3 on the list just happened this month! GM today, Chrysler April 30, and Thornburg Mortgage on May 1.

My friends back at Deutsche Bank Distressed Debt Desk MUST BE BUSY AS EVER! I remember how much work it was to work through the mess for Enron, worldcom, united airlines, and others. Good opportunity to be on the junk bond trading floors in NYC I can imagine. Would be a lot of action right now, haha

I remember the huge news about Enron and Worldcom being huge disasters for investors, but those are below 2 that happened late last year (Lehman and Washingon Mutual), and GM is also above Enron in size.

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Company, Bankruptcy Date, Assets

Lehman Brothers Holdings Inc., Sept. 15, 2008, $691.06 billion

Washington Mutual Inc., Sept. 26, 2008, $327.91 billion

WorldCom Inc., July 21, 2002, $103.91 billion

General Motors Corp., June 1, 2009, $91.05 billion-x

Enron Corp., Dec. 2, 2001, $65.50 billion

Conseco Inc., Dec. 17, 2002, $61.39 billion

Chrysler LLC, April 30, 2009, $39.30 billion

Thornburg Mortgage Inc., May 1, 2009, $36.52 billion

Pacific Gas and Electric Co., April 6, 2001, $36.15 billion

Texaco Inc., April 12, 1987, $34.94 billion

x-GM listed $91.05 billion in assets in its annual report as of Dec. 31, 2008, but listed $82.29 billion in assets as of March 31, 2009, in its bankruptcy petition.

source - http://finance.yahoo.com/news/A-look-at-the-top-10-US-apf-15400204.html?.v=3 and bankruptcydata.com
—————————————–

So imagine how many small, personal investors have lost everything these past few months.

We have to appreciate what we have, keep on pushing, and never be 100% invested in 1 stock. I can only image those family investments holding GM stock and bonds.

A sad day, truly