i support rick with the legacy business program and the accessible business entrance program to createand implement outreach and education program. the purpose of this presentation today is to give you a background, overview of what the program is, and our goals in terms of outreach in education for the program. please note our office is in the early stages of outreach for the program. we are still developing materials, we are still actively reach you go out to stakeholders, including business organizations. given the first date to compliance is may 23rd, 2018, we wanted to make sure you understand where things stand with the program and our goals going forward. a bit of background about the accessible business entrance program. ordinance 51-16 was develop in part from a white paper by the office of small business that was drafted september 23rds of 2013 about significant accessibility issues faced by san francisco small businesses. the paper outlined recommendations at federal, state and local levels to advance accessibility and protect small businesses. supervisor pain worked with ou

the business tax. we roughly doublged the number of businesss that paid the business tax and we also have a greater alliance on business license fee that's paid essentially by all businesses in the city than we've had in the past. i think the only fling the outstanding policy agenda is the question of the payroll tax. we're in a much better position now from an informational point of view from a projection point of view. than we were then. we're now confident to say we could provide a set of gross receipts rates, increases that could fully retire the payroll tax and be pretty close to revenue neutrality without another phase-in implementation period. i definitely did not want to say that in 2012. which is why we set it up the way we did. i think the economic objections that people made about the payroll tax before are probably still valid. although we have a very different unemployment picture today than we did then, i don't really think that the best way to deal with low unemployment is to pick a tax t

more often than not, the lawyer or plaintiff didn't even enter the business in the first place. in too many cases, these lawsuits did not lead to compliance. they led to shakedowns and shutdowns. throughout california, certainly throughout california's central valley, we have not only seen a number of minority businesses and businesses as a whole, small business, that have been shut down, but many of these shakedown lawsuits. or the attorney will call back and say i understand you can't pay us today but we'll put you on a monthly plan. that doesn't solve any problems for those with disabilities. certainly doesn't solve any problems for the businesses. all it does is line the pockets of abusers coming into our area that will target dozens of businesses in a day or week's time only to leave our community without even going into these businesses. in my district alone, barnwood restaurant, sued and shut down. sued.treet inn, county ford trucks, sued. city hall, sued. county sued. in my hometown, seven businesses less than a mile apart on the same road were sued by the same plaintiff.

lemonis: the business has a ton of potential. think the worry i have and i didn't tell this to anybody else, is that i don't think you want to do it. i want to see them get their systems in order. are you going to help do that? a good example of terrible follow-through is standard burger, a staten island restaurant i invested in a couple years back. it's frustrating, because while it's still a viable operation today, it could've been so much more. when i first arrived, i found a group of friends who couldn't have been closer or more volatile. are you kidding me?! -listen -- -i was not one day late! i live three blocks away! what about all the times, "hey, nobody's at the burger place to open up, call fuggie"? and what the [bleep] are you talking about? lemonis: their fighting had led to a real embarrassment of a restaurant, from frozen patties they used, to the filthy kitchen. so i overhauled their menu, completely renovated the space, put one of the guys in charge as the managing partner, and most importantly, told them they all

-katie: well, you're here because the business is out of money. lemonis: the facility is quite literally a sweat shop. katie: it gets really hot in here. -lemonis: no ac in here. -katie: no ac. lemonis: the employees are up in arms. marci: i actually have a video of a friday afternoon i think you would probably find pretty interesting. lemonis: and one of the owners has a troubling side gig. ray: i'm going to say what every other man wants to say that doesn't have the balls do to it. lemonis: if i can't get them to make some radical changes to their culture... i am a big believer that you are who you do business with. ...this company will capsize. my name is marcus lemonis, and i risk my own money to save struggling businesses. we're not going to wake up every morning wondering if we have a job. we're going to wake up every morning wondering how many jobs we have to do. it's not always pretty. everything is going to change. everything. but i do it to save jobs, and i do it to make money. this... let's go to work. ....is "the profit." ♪ in 2010, jus

the small business commission reviewed 8 applications and listed all 8 businesses on the legacy business registry. since the program began there have been 20 200 nominations. $750 in applications received. 120 were review and 119 businesses were listed on the registry. nominations received in october through december were for legal referral panel. babylon screen prints. motor lodge. eddie's cafe. little joe's pizza, mindful body. the bakery. pioneer and san francisco market corporation. many have been legacy businesses. >> i have a quick question. you go back to the last slide. some of these have not come up yet. they are still in process? >> in processor just been nominated and haven't provided us with an application. >> okay, thank you. >> sometimes the supervisors nominate the businesses and we reach out to see if they are interested in applying. >> thank you. >> for business assistance services the legacy provided technical assistance to 24 unduplicated clients, 110 hours of difficulties this fiscal year. since the program launched it has served 53 unique clients and provided 464 hou

the lawsuit. go after them. but businesses should be able to have the notice of what the problem is so that they can fix it, which is the goal of the a.d.a., to make businesses comply. and that's just the way it is, mr. speaker. i yield back to you. the chair: the gentleman from new york. mr. nadler: mr. speaker, i now yield three minutes to the distinguished gentleman from virginia, mr. scott. the chair: the gentleman from virginia is recognized for three minutes. mr. scott: thank you. i thank the gentleman for yielding. mr. speaker, h.r. 620, the so-called a.d.a. education and reform act of 2017, is an attack on civil rights, americans with disabilities. the americans with disabilities act, or the a.d.a., is a civil rights law passed in 1990 to protect people with disabilities from discrimination and all aspects of society. i recognize that the a.d.a. falls within the committee jurisdiction of the judiciary committee and i'm here as the ranking member of the committee on education and the work force because if h.r. 20 were t

lemonis: andre, you've been very critical of the business. eah, but it's almost as punishment for wasted money. lemonis: the solution isn't to keep telling her how stupid she is. andre: i mean, i would say as a repercussion for -- lemonis: what a repercussion! she's not your child! honestly, that's [bleep] up. erica: i'm not a liar! i'm not withholding information! i put everything into my business. and i had all these points from my chase ink card. so i bought ingredients, utensils, even made custom doughnut cutters. wow! all with points. that's how i created the ripple. the doughnut, in a doughnut, in a doughnut. suddenly, it's everywhere. i mean, it really took off. what will you create with your points? chase for business. make more of what's yours. this is frank. sup! this is frank's favorite record. this is frank's dog. and this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with

that is part of the nature of the business. some ways they are both internet companies and venture capital firms. investing.een more there's a lot of acquisitions of those companies. that is definitely part of the story and the businesses. cory: thank you. still ahead, we will dive back into big stories, more to come on all of those. targetinge company is down to zero with repatriations tax law.ble to the this is bloomberg. ♪ >> we estimate making a corporate income tax payment of $38 billion on our cumulative past quarter earnings. this amount is similar to what we have been accruing on those earnings in our financial result . the apple cfo on the apple earnings call breaking down this quarter's results. tim cook talking about this battery replacement issue. they decided to cut the cost so users could cheaply replace them in the midst of battery gate. he said we did not consider what it would boot -- due to upgrade rates. in our meeting, he told me there are agencies around the world asking questions. they are cooperating. of

the lawsuit. go after them. but businesses should be able to have the notice of what the problem is so that they can fix it, which is the goal of the a.d.a., to make businesses comply. and that's just the way it is, mr. speaker. i yield back to you. the chair: the gentleman from new york. mr. nadler: mr. speaker, i now yield three minutes to the distinguished gentleman from virginia, mr. scott. the chair: the gentleman from virginia is recognized for three minutes. mr. scott: thank you. i thank the gentleman for yielding. mr. speaker, h.r. 620, the so-called a.d.a. education and reform act of 2017, is an attack on civil rights, americans with disabilities. the americans with disabilities act, or the a.d.a., is a civil rights law passed in 1990 to protect people with disabilities from discrimination and all aspects of society. i recognize that the a.d.a. falls within the committee jurisdiction of the judiciary committee and i'm here as the ranking member of the committee on education and the work force because if h.r. 20 were t

the u.s. slap tariffs on chinese steel. welcome to d.w. business iraq is open for invest us that is the message of fishel pushing out an international donor conference currently underway in kuwait iraq is hoping to lure major investment from its allies aimed at reconstructing the country of the decades of conflict the united states has already pledged alone with three billion dollars from ex-im bank but that's only a fraction of what's needed it numerous iraqi cities were reduced to rubble in the war against islamic state and it will take time and lots and lots of money to brief life back into iraq. rebuilding a country doesn't exactly come cheap iraq estimates the cost at close to ninety billion dollars. and these are some of the people the iraqi government is hoping to woo high ranking officials from the worlds of politics and business here to find out what part they might play in the reconstruction of iraq. the government is offering projects in almost every sector of the economy including its oil industry . zeman c.e.o. joe kayser told you his

the next big businesses of the small businesses of today. we just have to make sure that people understand that it would cut the red tape and find ways to provide financing give people the assistance and opportunities to to government if we do that the future is bright for our country, eight if we don't will continue to hurt people will be overseas and we cannot have let that happen. [applause] what i would urge you to do is pick up the phone and call your local congressman collier mayor governor you'll get them on the phone clean get their secretary they say i'm a small business person and i need help. it isn't that i don't want any regulation, i just don't want regulation despite the growth. you, they ask your secretaries who called however they care about. government will work for you just have to be smart enough to demand it and say you don't is to me i will have a business. [applause] [applause] [applause] >> when i can have a

these definitely have that impact on the business. not significant as much as the retail business. have seen in the petrochemical two years ago when it government increased substantially, it was a problem. but it was a wake-up call for our industry that we have to change how we were running our business. we have to be more innovative, more creative in saving energy run on a able to financial model or business case model. yousef: where is the next big opportunity for you? what are you excited about? to me, i am a strong believer in growth, and we have demonstrated that in the last 15 years. we have grown considerably. in saudi arabia, unfortunately withrowth is very limited the lack of basic products. there are some opportunities, but we have to be very careful. our shale gas, and we are looking into this area. it is not going to be easy because we don't know the landscape or the business targetingbut we are the u.s. and downstream and to saudi arabia. yousef: how aggressive are you going to go with your expansion? are you setting aside a lot of cash for that? wouldn't say a lots, be

my friend jack started at age 35 in the car leasing business. he had seven cars. it was pretty slow. when ever the phone rang, he let it ring three or four times so people would think he was very busy answering other phones. it's the only call he was going to get all day. there's a lesson in this. at age 40 he decided with 17 vehicles, 17 cars, he was going to go in the competition in the rent a car business. now he's taking on hertz and national and things like that who have hundred of thousands of cars. he's got 17 cars. his cars aren't any different from them. he's buying them from general motor, ford, chrysler. he can't get the airport locations. those companies have them all sewed up. he was determined he would offer the customer, got to offer a different car. he can offer them friendlier service than they've seen. he started the company. he named it after the battleship that he'd flown from in the pacific which was the uss enterprise. he died about a year, year and a half ago. when he died, his rent a car company starting with those 17 cars was worth more tha

they just need to run the business that way. nagers that can delegate really well, like, really well. covello: but we're in the same spot with sammy there that we were just in with joe. lemonis: but sammy's not trying to [bleep] somebody. in the short term, sammy's got to pick up the slack here. it's a messy day. but long term, we're gonna hire a real general manager who's there on a day-to-day basis, who can run the operations with a high level of professionalism. thanks. it's been a rough time for everybody, but if we're gonna close the deal with a potential franchisee, we have to get to work. he suggested that we add some non-burger alternatives to the menu, so i'm taking the guys to pat lafrieda to look for some options. what we started talking about is how do we come up with something that's memorable? yes, we have new york's best burger. great. check the box. i think to get people to like the franchise even more, we need something that isn't a burger that would appeal to kids, appeal to families, and get people excited. mar

, because small businesses are the glue in theirommunity. they are supportive. if businesses are strong, the communities are strong, the economy continues to grow. >> a streamlined process. the theme of this year's cpac is a time for action, which is when we talk about ronald reagan's speech from 1964, time for choosing. action, a time for because we have a rare moment in american history where you have of president, both branches congress. we recognize this is a window of opportunity for real policy change. administrator, i will go to you, and kellyanne, take us out. what is on the horizon for 2018, economically speaking? we know americans will have a little more money in their pockets that will make them feel good and confident. we know that national security teams will make them feel safe. how can we continue this growth for the next 12 months? >> president trump campaigned on a for growth economy, and he is delivering. i think that is what we will continue to see throughout 2018. from the fda perspective, i can tell you that qua

and i want them to be able to run the entire business. means understanding things like work flow and cash flow. and i don't sense that from him. coming up... >> frank, no one knew you ordered this. you're supposed to give me the p.o.s. what are you missing? >> you look a little stressed. >> i'm tired of frank. >> that [bleep]'s gonna stop. >> let's start moving the tables down. and then if we can move this over-- >> there's a number of key things that we need to do to improve the process, which ultimately improves profitability. the first thing we need to do is shrink the floor space. i can save at least $5,000 a month, $60,000 a year. >> well, put it this way. >> put it that way? >> yeah, it can't go that way. go down more. >> we also need to reconfigure all the equipment, so we can maximize production. >> but now it's going to flow. it's gonna flow from that side into here, and around into the packaging area that'll be over here, and then out the door. at least 25 to 30% more efficient. >> more production. >> definitely more production.

the energy business and rollback in regulation. do the policy changes impact how you allocate money. >> it has less to do with lou we allocate and much to do with our optimism that it will perform the way we hope it will perform. we are getting tail winds where historically there might have been head winds. tax reform. the opportunity to in fact lower tax rates by 40% across our u.s. portfolio companies and take that capital and reinvest it in growth is huge. we see a net positive from tax reform. regulatory changes have been material and they are showing up in all aspects of the business. but i think most of importantly, we just see a positive business climate coming out of washington. so for years i would say it was neutral to negative. now we see it neutral to positive. that gives business leaders, ceos, board rooms, executives making decisions about building plants and launching products more confidence to do so. maria: do you see any value in the business of gevment? >> they are undergoing a massive evaluation of their overall

lemonis: andre, you've been very critical of the business. eah, but it's almost as punishment for wasted money. lemonis: the solution isn't to keep telling her how stupid she is. andre: i mean, i would say as a repercussion for -- lemonis: what a repercussion! she's not your child! honestly, that's [bleep] up. erica: i'm not a liar! i'm not withholding information! he doesn't share anything! why should i share with him if he doesn't share with me? andre: we used to share. erica: why should i share information with him if he doesn't share information with me? lemonis: ask him. erica: it's pointless. lemonis: andre, why do you think i want to invest in erica? what talent do you think erica brings to the table that makes her investment worthy? andre: i think she can make -- i mean, we can turn this business into a profitable business. lemonis: did you hear what he just said? what'd he say? erica: "we." lemonis: andre, your wife, who you love, who you're frustrated with right now, she needs your support. can you two shake on that -- that you're wi

and welcome to "your business," the show dedicated to helping your growing business. trade shows are often expensive and for anyone who has been to one, you know they are exhausting. but if you do it right, they can land you new customers, new contacts and new ideas. that's why just a few weeks ago, months before the ghosts and goblins come out of hiding, thousands of vendors and buyers gathered in new orleans for haunt con to see what's new in the industry of halloween. across the country, it's the dead of winter. but in new orleans, the dead are dancing. ♪ >> our model is wearing garnet red, hooded pink with wings. item number 38203. >> that's because at the annual halloween and party expo, hundreds of manufacturers, buyers and haunted house operators are getting a very early start on the business of halloween. >> my name is danvers, i'm the horror host of demented features. check us dementedfeatures.com. >> don't wiggle it around to readjust it. you don't have to press hard. just very lightly hold it and lean back in the chair and take a load off. the hardest part

but he didn't know the auto business at all... he reason you're taking a $5,000 loss is 'cause you bought the car wrong. ...and he often failed to listen to people who did. -do you trust tony? -pete: no. lemonis: as a result, athans motors was losing $1.8 million a year. what matters is that you make money, these people's jobs get saved, and the business survives and it thrives. -that's the goal here. -pete: you're right. lemonis: what do you stand to lose if this business closes? pete: i would lose my house, my dream. it would be catastrophic. lemonis: so, i made a deal with pete -- $3.5 million for 50% of the company. -lemonis: automatch usa. -woman: i love it. lemonis: i've re-branded the business, and i've stocked it with affordable cars. luckily, i knew where to find them. today, i'm headed to jacksonville, florida, to check out one of our new locations. this place feels really good. -hey! good seeing you. -pete: how's everything? lemonis: welcome to jacksonville. -what do you think? -pete: looks great. lemonis: while pete is

i'm a founding member of the northeast business association, and i know firsthand on a daily basis the problems that go on in our business corridor. last year, i helped a small business open, the person who was opening didn't speak much english, so i just stayed by his side to get through all the permitting for a food business, which we all know is pretty complicated. i also have spent a lot of time with supervisor tang, working with the ada regulations and trying to find a way to rectify the differences between city, state and federal laws to make sure that we both provide the access that we need for our disabled population and also to make sure that the merchants understand and can comply. i have helped several groups of small businesses organize so that they would have a little more power to address issues in front of them. that includes the small independent pet stores, and also members of the san francisco flower market. i worked for a year on a panel with the planning department about trying to look at formula retail now, compared to what it was when we first put that into effect

so he knows very well with the needs of small and medium-sized businesses are. knew that the regulatory requirements imposed by the fire administrations were particularly troublesome and waiting on the medium-sized and small manufactured businesses. so he directed the department to try to uncover the worst of th them. [applause] businesses were held by the reduction in marginal tax rates than especially by the deductibility of the capital expenditures. in the tax structure you get a specific benefit from those changes in the tax cost. those of you that want to test the enterprise down to the next generation although from looking out, you seen maybe two young to worry about that just yet, but you also benefit from the estate tax revisions. some of you may be facing competition into the degree that you are and that the forerunners are being subsidized dumping products or any kind of unfair trade practices. we are not finished yet. if you happen to be in the niche industry for which the cost of initiating the case is prohibited, still let me know. we have begun to

lemonis: andre, you've been very critical of the business. eah, but it's almost as punishment for wasted money. lemonis: the solution isn't to keep telling her how stupid she is. andre: i mean, i would say as a repercussion for -- lemonis: what a repercussion! she's not your child! honestly, that's [bleep] up. ericyour to-do listar! if yjust keeps growing. me,tion! (laughs desperately) it never stops. which is why the online financing application at carmax.com is so convenient. get some of that finance stuff out of the way from wherever you are, at the doctor's office, karate practice or my favorite... back at the doctor's office. knowing before you go means more quality time sewing a costume for the school play that is not going to look anything like a frog. just a little heads-up, mrs. davis... ha ha ha, yay kids! take a deeeep breath in... and... exhale... aflac! and a gentle wave-like motion... liberate your spine... aflac! and reach, toes blossoming... not that great at yoga ya but when i slipped a disc, he paid my claim in just one day.

i was always interested in the business. it was impossible not to learn about it. n my grandfather and my father, they were both passionate investors, and they both loved the idea of building a business that focused on taking care of its customers. and i always wanted to be involved with it. but of course, when you are young, you do not really know where life is going to take you. david: your grandfather started the company in 1946. abigail: he began life as a lawyer. and the family lore is he was frustrated and bored being a lawyer. and he got interested in investing and loved the stock market, and he gradually drifted away from his practice of law. and this would have been in the 1940's, shortly after the securities act of 1940, which was the foundation that enabled mutual funds to come into existence. and he purchased a small legal entity called "the fidelity fund" that had one employee, and began using that legal entity to run money for friends, extended family, networks of people, and that was how the business began. david: your father, most of his career was a

these definitely have that impact on the business. not significant as much as the retail business. what we have seen in the petrochemical two years ago, when the government increased fuel stock and the fuel not significant as much as the retail business. substantially, it was a problem. but honestly it kind of was a wake-up call for our industry that we have to change how we were running our business. we have to be more innovative, more creative in saving energy and to also be able to run on a financial model or business case model. yousef: ahmad, so where is the next big opportunity for you? what are you excited about? that could really unlock additional value, much more than cost efficiencies or higher methanol prices? ahmad: to me, i am a strong believer in growth, and we have demonstrated that in sipchem over the last 15 years. we have grown considerably. in saudi arabia, unfortunately the growth opportunity is very limited with the lack of basic products. there are some opportunities, that are not extreme, but we have to be very careful. it is more into the united states, based

the next business is the mindful body. it is a wellness business that opened in april 1994. it's the only business on the -- on your list this month that is less than 30 years of age, but we did find that due to the threat of displacement and due to the significance of the business as one of the early -- early providers of wellness and yoga services in the city that it qualifies despite it's less than 30 years of age. the mindful body was at the starting of the -- starting wave of when yoga centers and studios began opening in the city. the business also offered a variety of free form movement classes as well as medtation, alexander technique, dance, movement, nutrition, readings, therapeutic massage as well as other types of therapeutic services. and the mindful body now focuses its energy, particularly on yoga, message and acupuncture, and staff is recommending full recommendation is no additional character defining features. next is the plow and stars. this is an irish public and local music venue that opened in 1975 at 117 clement street in the richmond district. the venu

the rest is history. [applause] >> not an easy business for sure. and the fact you made it work for such a long time. >> we set up three airlines virgin america and atlantic and australia. they have all been very successful. they have been successful because of the people but the people only excel if you give them the tools to do a great job. so what was critical is that every single little detail was right we were the first airline to introduce videos and kids who traveled on virgin would not let their parents travel any other airline because they wanted those videos with the standup bars for the first-class passengers i'm sure lots of romances started. we are not the kind of airline that would bang on the laboratory doors either. [laughter] we were a fun airline. [laughter] >> do you want to change the goldman sachs brand? >> it is an interesting narrative. so let's talk about the future. so i mean space travel. let's watch a video. >> one of the greatest adventures of all times managing to learn so much it was always very incredible to me. >> to b

the energy business and rollback in regulation. how do the policy changes impact how you allocate money. >> it has less to do with lou we allocate and much to do with our optimism that it will perform the way we hope it will perform. we are getting tail winds where historically there might have been head winds. tax reform. the opportunity to in fact lower tax rates by 40% across our u.s. portfolio companies and take that capital and reinvest it in growth is huge. we see a net positive from tax reform. regulatory changes have been material and they are showing up in all aspects of the business. but i think most of importantly, we just see a positive business climate coming out of washington. so for years i would say it was neutral to negative. now we see it neutral to positive. that gives business leaders, ceos, board rooms, executives making decisions about building plants and launching products more confidence to do so. maria: do you see any value in the business of gevment? >> they are undergoing a massive evaluation of their over

business. has this report been vetted before the small business commission or the san francisco council of district merchants associations? my understanding based on today, eithneither has. so this hearing may have been premature. the process could have really started at the council, gone to the small business commission and then followed by the board of supervisors. >> thank you. next speaker please. >> good afternoon, supervisors. j.d. workman representing the san francisco chamber of commerce. i also want to thank you for having this hearing today. we at the chamber and me in particular have been working on this issue for many, many years, and i'm very interested to see that it's coming up again because i'm aware of the vacancy rates in our neighborhood commercial district, so i feel that the numbers that were given today don't just really capture the crisis that we're in when it comes to filling our retail spaces in our neighborhood and keeping them in our retail commercial corridors. and some of those vacancies, they last for months and years, so i'm not sure that it really captures that. i th

the rest of our business has been growing at 23%. he end of the operating period, it would be a much smaller piece of our overall business. there are a couple key points. first is we will still be a part of ebay's business. we have a term sheet for a three-year extension where the largest part of the business we do, the branded processing, we will continue to do that. that is the most profitable part of the business. this allows ebay to partner with someone else. large marketplaces, most of them already do that. that allows us to go out and partner with some of ebay's competitors, some of the largest and fastest-growing marketplaces in the world with unfettered ability. emily: let's talk about profitability. there is concern about profitability of ebay transactions on paypal. how will this impact the pulse -- how will this impact paypal's profitability? john: this is within our plans. we continue to grow these other profitability of ebay faster parts of her business, -- of our business. we believe it doesn't do anything to change the

airbnb is making the business pages. at do you make about this gear change, airbnb delhi after the wealthy customer? it is interesting, like it is reinventing its business model. you would have to question which hotels would be comfortable letting airbnb in, and just where airbnb can now progress from here because it is an absolute stepchange, an interesting one as well. an interesting remark, their fear was that the top and were not interested in airbnb at all yet, if iam interested in airbnb at all yet, if i am honest, the rare occasions i have used airbnb, i have looked at matching the amount i paid for the hotel with something that is really rather nice in airbnb... you want something quirky as well, something more personal? there was a perception in the early days that this was almost for the backpackers, the really cheap end of the market. because it started with air beds, i interviewed the co—founder, he said he pumped up an air bed and put it in the spare room and thought, i can make a business out of it! so apart

so my friend jack started at age 35 at the car leasing business and he has seven cars. it was pretty slow. one of the things he did was whenever the phone rang, even if it rang three or four times people would think that he was very busy answering other phones and of course people would be -- and of course it was the only call he would get all day. it wasn't really going to go anyplace and there's a lesson for all of us. at age 40, he decided there was -- he decided, with 17 cars, he was going to go into competition in the rental car business so now he's leasing hertz and national and people who have hundreds of thousands of cars and he has 17 cars and his cars aren't any different than theirs. is buying them from general motors, or chrysler and he can't get the airport locations but he was determined that he would. basically, he offered the customer an offer of a different car, but he can't offer them friendlier service than they ever seen. so he started a company, he named it after a battleship that he'd flown from in the pacific, it was the uss enterprise and he died

entertainment business itself. but theost of business went up. i need to schmooze my clients and now i don't get to write off any of that. >> a lot of people are thinking i'm schmoozing clients and cannot write that off. on the other half, there are people out there saying, i am a client, and i have been schmoozed so i have been taken to these great shows and the sporting events. and no one will do that for me now. >> what is vegas going to do? this is a big deal. so entertainment expense is gone. so businesses need to anticipate this. think about the year, what is my budget going to be for this type of stuff? do i need to rein in the spending accounts for this. >> and this includes everything, so yes, the sporting events, re >> the sporting events, shows, dinner? >> now that brings in meals. technically meals were part of this entertainment expense. all the accounts across the country are looking for loopholes, seeing how it plays out. isn't dining really a marketing expense? we'll see. dining, taking someone out to eat i

what i don't like about the business today is, i don't like that the whole business foundation is basedn one name. >> i always thought that we could do another brand, another spin-off. i thought maybe we could do a gelato company 'cause we are italian, and we, you know, deal primarily in asian flavors. it'd be nice to take our heritage into making some of the products that we make money on, so i came up with the idea of solo gelato, 'cause the word "solo" means the same thing in italian as it does in english. >> i love it. >> it's a singular flavor. solo. one. so the tagline could be something like, "sometimes all you need is one bold flavor." >> i love the idea. >> it is a good idea. >> but? >> there's always a but, but-- >> but launching a whole new brand-- >> i never really thought about launching a whole new line. >> it would be--it's gonna be-- >> it's gonna be expensive. >> i think michael's idea to create a gelato line was brilliant because he understands that taking a facility that we're already gonna be operating making ice cream and creating another product inside that same fa