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THE ELECTION IS HERE!
VOTE NO
on Public Question No. 1!
Tomorrow, the New Jersey electorate will vote on an issue that will decide the future of the Southern New Jersey economy. We urge you to VOTE NO on Public Question No. 1, and stop the expansion of gaming to North Jersey!
Please show your support of the No North Jersey Casinos Coalition's mission by encouraging your friends, family, employees, neighbors and colleagues to VOTE NO and put a stop to the effort to expand gaming to North Jersey. Please share the graphic above on your social media channels using the hashtag #VoteNoOnQuestionOne
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Save South Jersey! Vote NO on Public Question 1. Thank you!
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Weathering the Storm: Best Practices to Keep Your Restaurant Successful During Uncertain Times
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By Kelly A. O'Callaghan
CPA, CITP, CGMA
Partner
IT Audit Practice Leader
CohnReznick Advisory
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By Gary Levy, CPA
Partner
Hospitality Industry Practice Leader
Cohn Reznick Advisory
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The restaurant industry is currently dealing with a number of factors impacting growth and profitability. Same store sales are declining and no sector is exempt from that trend. Consumers are opting to eat at home, while Baby Boomers are retiring and their incomes are shrinking. Millennials don't spend a lot of money when they go out because they are balancing mounting student loan debt, and the rising minimum wage is becoming a national trend.
But when industry trends seem like they are headed in the wrong direction, and even when things are looking up, here are a number of best practices that operators should employ:
1. Conduct a comprehensive menu review
. Spend time analyzing what sells, what doesn't, what is easy to prepare, and what is labor intensive. Can you increase prices on some items and eliminate others? Check the marketplace, are you competitive?
2. Drill down on the contribution margin of menu items.
Dollars pay the rent, not percentages. If a menu item isn't generating dollars - should you keep it? Go over recipes with chefs, implement weekly budgets for spending.
3. Look at your hours of operation.
Would it be beneficial to open later, close for lunch, or close earlier at night? A change in your hours of operation may allow you to reduce labor hours and costs.
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CCSNJ members were treated to an informative session about the proposed Glassboro-Camden Rail Line at a Transportation & Infrastructure Committee meeting on Oct. 26. Held at Adelphia Restaurant in the heart of Gloucester County, The Honorable Jeffrey L. Nash, Esq., and John Manzoni, AICP, discussed the project and gave an update on its status. |
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On Oct. 27, CCSNJ held another Rutgers Business Outlook event featuring experts from the gaming, utilities, economic and manufacturing industries. Panelists shared the current economic climate in their respective industries as well as a six-month forecast going into 2017.
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CCSNJ members gathered on Oct. 31 to hear from Congressman Frank LoBiondo at a Congressional Action Committee meeting. The Congressman discussed his legislative priorities for the remainder of the year and was also presented the Spirit of Enterprise Award by the U.S. Chamber of Commerce.
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On Nov. 2, CCSNJ held a Cybersecurity Workshop aimed at raising awareness of best practices and informing business leaders about local cyber threats. The event featured a speaker from the New Jersey Office of Homeland Security and Preparedness and experts from area businesses.
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CCSNJ held the latest installment of its Good Morning South Jersey series on Nov. 4, bringing back the speakers from January's Presidential Prognostications event for a discussion preceding Election Day. Republic Strategist Chris Russell and Democratic Strategist Steve Ayscue discussed their predictions for Tuesday's election.
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William J. Castner
Chairman
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Chairman William J. Castner of Horizon Blue Cross Blue Shield of NJ leads the State Affairs Committee, which meets eight times per year with members of the State Legislature and the Governor's cabinet. Members are updated at each meeting on current legislative issues.
Next Meeting: Tuesday, November 15, 2016
8:30 - 10:30 a.m.
Sheraton Atlantic City Convention
Center
Hotel
Featuring: Assemblyman Chris A. Brown, Esq.
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Phoebe A. Haddon,
JD, LL.M.
Chancellor
Rutgers University-Camden
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In 2012, 2013, 2014 and 2015, Haddon was honored by the National Jurist as one of the "25 Most Influential People in Legal Education." In 2012, the Daily Record of Baltimore named her one of the "Top 100 Women" in Maryland; in 2010, the newspaper named her as one of the year's most Influential Marylanders. In 2011, she received the Great Teacher Award from the Society of American Law Teachers (SALT).
Haddon currently is a member of the American Bar Association's Commission on the Future of Legal Services.She is on the Boards of Trustees for the Cooper University Health System and the Philadelphia Museum of Art, and is a member of the CEO Council for Growth. Additionally, Haddon is a Class C director of the Federal Re
serve Bank of Philadelphia's Board of Directors.
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BURLINGTON COUNTY LUNCH
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GLOUCESTER COUNTY BREAKFAST
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CAMDEN COUNTY LUNCH
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November 10
November 10
Braddock's
November 15
November 17
Adelphia Restaurant
November 29
December 1
The ChopHouse
December 2
December 8
December 15
Harvest Seasonal Grill
December 16
STAY TUNED FOR 2017 EVENTS!
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Stefanie Marabella
Business Development
Better Qualified
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Here are a few key tactics that will allow you to make the most of your networking opportunities and garner valuable connections:
1. Manage your expectations of an event. Two or three quality connections are always better than 20 superficial ones.
2. Plan some ice breakers a head of time. Instead of starting off with the typical "What do you do" question, ask if they've been to this venue before or if they are associated with this networking group.
3. Ask for an introduction. Research the attendees, determine who you would like to meet and ask the host or someone attending that knows everyone to make an introduction.
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We create e-Commerce systems and digital media for web, mobile and social media channels. Contact us to make your business marketing campaigns and online retailing goals a success! Visit
www.mobiWebcom.com.
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Imagine being able to assist local charities by doing something as simple as offering your employees access to beverages in your facility. Coca-Cola, in partnership with CCSNJ, offers members access to the Vend4Cause program. Vending machines and/or coolers supported by Coca-Cola can be placed in your business and a portion of every dollar spent is given to a charity of your choice. For more information click here.
Contact:
Ashley Merryman at Charity Changer at
(816) 787-7400
or
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Stradley Ronon Chairman William R. Sasso and Counsel Josh Shapiro were named to the Philadelphia Business Journal's "Power 76" list, a compilation of the "most influential people in greater Philadelphia." Stradley Ronon was one of the only companies to have two individuals on the prestigious list.
Sasso was deemed the "dean of Philadelphia's law firm leaders" by the publication, which also noted that he "often serves as the legal adviser of choice for some of the region's key business and political leaders." Shapiro, who serves as chairman of the Montgomery County Board of Commissioners and is the Democratic nominee for Pennsylvania Attorney General, was chosen for being a "key political player" in the region.
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