>> 'cause the recipes belong to the business, right? g we can do is leave and start all over again. >> there's been a lot of work that went into getting things up to this level, and the research and other things that we've done to make these recipes, to have to-- >> i think that's our last option. >> i mean, that would be the last thing i'd want to do. >> there may be something. article three is the capitalization of the company. what it allows for is, it allows for additional capital to come in and for a shareholder to be diluted if they're not able to put in money at the same rate as the other shareholders. if he's not able to put money in at the same rate as you are, then his share gets diluted. does that make sense to you guys? >> mm-hmm. >> so he's not gonna have us backed into a corner. >> no, he will not. we'll be able to keep the name. we'll be able to keep the recipes. he'll have a small percentage of equity... but it's better than us having to change everything. >> that's the lesser of the evils. >> i'll get ahold of him. >> th

and finally they tried to maintain and grow the business. and we will identify the key activities as they went through each phase and they looked at the process and what you see is that in the first phase and consider and prepare and it is really more of a linear process. and that experience we looked at was very enjoyable. but also, difficult. and as they moved into the set up and the established phase, the enjoybility really decreased because it is so complex, we have so many owners and regulations over the business owners for them to start. and it became a lot more difficult. and that is where you see the representation of this, i call it the infinity loop, because it is not a linear process any more and people are going around to different city departments, they are searching through the different web sites and looking at various resources in order to get through this set up and established period and as they get through that, those that are successful will then maintain and grow their business, and again, there is a lot of opportunity to

dedicated to the low margin business, the wine walk-in retail business. know that if i can add tables and chairs, my margins will go up immediately. but as an owner, you have to be there to connect the dots. the problem that exists today here, there's no leader, and the owners are absent. and because of that, the business loses money, and because of that, the business is upside down. so what do you do? >> this is why we called you. >> when's the last time you guys had a staff meeting? >> we don't have them. >> i been here three years. there's been one. >> no staff meetings. how do you know what's going on? >> you don't. when the [bleep] hits the fan, that's when we learn about it. >> this--it's like--this is like the definition of insanity. how many total employees here? >> 17 employees. >> if the business does go out, that's 17 people that are on the street, and you guys lose-- >> a lot of money. >> i think bill, he doesn't even sleep at night. >> who's bill? >> bill gary's my partner. he's the one who handles all the financials and does all the book work

the number of businesses that will be captured. and in response to data, our concern, and professional analysis, we are proposing three changes to the definition of formula retail, and first, increasing the number of location, and intitled and permitted locations, and second, continuing to not count the subsitaries and apply the controls to the accessories, and third, adding the unlimited service and professional services to the definition of form law retail and these changes taken together will capture at least, 150 additional san francisco businesses as formula retail. while it was not based on any data, we now have data on how many locations that the san francisco formula retailers operate, this chart, shows that by raising the number from 11 to 20, only five percent of the existing formula retailers will no longer be captured by the definition. and however, other changes we are proposing will increase in number. we are also proposing to count permitted or entitled locations, which will allow us to be able to effectively regulate

refocus onried to that part of the business. siemens will just be that much more a bigger competitor for it. it is going to be tough. then you have mitsubishi which would be acquiring part of the alstom business. there is a lot driving up -- writing on this bill. if ge wins, siemens has a huge competitor in its backyard. almost they transformative deal for either of them. >> julie, thank you very much. that is the latest on the battle for alstom. coming up, businesses are watching the supreme court very closely. there are only a few days last -- left. we are going to look at some of the cases that could have the biggest impact. here is a way to avoid busy airports. it is way to avoid all airports, in fact. owner of aing to the new airline. we are streaming ♪ on your mobile devices. >> this is bloomberg television. you're watching "market makers." the clock is ticking for the supreme court with just 10 days left in the current term. there are 11 cases left it aside. several of these will have a big impact on business. for a look a

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and so we are not just trying to direct the services to the small businesses but trying to improve the corridors to support those businesses as well as support the neighborhoods. and, in invest in neighborhoods, we started off with a corridor assessment for each of the 25 districts. and that looked at business mix, and vacantcies, and other factors and actually it was a good starting point for the formula retail study, in which we participated quite subsequently with the planning department and we are very glad to have the data and the analysis that the planning department study provide and we distributed a lot to that as well as to the policy discussion, that resulted in the proposal today. >> and we recognize that this is a very nuanced issue and we are con that scent of the fact that everyone can sign something in the proposal that they do not feel comfortable with and that said we are supportive of the package of proposals. raising the threshold will go a long way. and even going up to 50 will not alter the landscape of formula retail. we think that it will be a benefit for two rea

but she's the business owner, and she needs to be where the business is. people need leadership and they need supervision. >> what's up with tom? >> tom says he's willing to move. >> i can't imagine, in a million years, that tom would move to waycross. he likes the city life, and he likes the rolexes, and he likes to be a big shot. >> you think he was lying? >> he does that a lot, so-- >> he does lie a lot? >> oh, god. >> has he been lying to me? >> oh, no, i'm just saying that i would believe it when i see it. >> and wa--his girlfriend's there? >> where? >> in tampa? >> oh, i don't know. i'm the type, i don't do any drama at all. >> yeah. >> tom was just--took advantage of a situation. he would've hooked up with anybody. like i tell him, he'd have hooked up with a girl that had no teeth and whatever if she'd have came onto him, 'cause he knew that would never, ever--he would never, ever have a chance with me again. you're a [bleep] scammer and a liar, [bleep for a minute, shut up! if ...hey breathing's hard... know the feeling? copd includes emphysema and

but i have to tell you that that's not the way to run the business. i'm gonna give you my offer. >> okay. >> okay? i'm gonna give you a check for 100,000. for this $100,000, i want 25% of the profit so that i'm incentivized to help you grow your business with you side by side. >> i was thinking more of 20%. >> hank, look, my time is valuable. i don't have time to be doing this all night. 25% is really the number that i need that incentivizes me to do the things that i think need to be done. investing in businesses is always a risk. but i always gear my offers towards minimizing my risk. there's over $400,000 of inventory here, so my $100,000 offer is safe. if this deal goes bad, i know for certain i'll get my money back. and you understand, for the next week, i'm 100% in charge. last year, maarse lost $20,000. but i know with a few tweaks, we can go from losing $20,000 to making $1/2 million very quickly. i'm so confident that i can make a difference, i'm writing a check. >> is this a now or never deal? >> you're gonna make a decision right now. >> al

because the folks can get the cash out of the atms that they spent in the small businesses in the local neighborhoods and particularly in small businesses that don't accept bank cards or only accept them over a minimum purchase. we think that the people who get the cash are spent in the small business and so we will ask that that provision be reconsidered and we also, we question whether it is a good idea to include, international locations and in the threshold of formula retail, i mean, you know, san francisco is an international world class shopping destination, and i think that it is short-sighted to say that international chains, or stores would need to go through the conditional use process and we think that will discourage them from coming here and go someplace else. beyond that we are appreciative of the planning efforts here and we do support their conclusions thank you. >> thank you, next speaker please? >> good evening, mr. president, and commissioners i am here on behalf of boma san francisco and we too participate in the chamber working group and we share, the chamber's supp

did that mean the mid sized business should get the neighborhood permission. it should be noted that out right opposition is not a shared across the board and the person said in the effect it exceeds her threshold for the - this is the next point raising the threshold from 12 to 20 is a better plan. we miss the point when there are midsize spin-offs their virtually i'll close by saying >> sir, your time is up. >> thank you very much. >> thank you. next speaker. >> good afternoon, commissioners deedee workingman in the chamber of commerce the dhm represents over 15 businesses large and small local and national we want to acknowledge and thank the planning department and planning staff for putting this in place we appreciate the good intentions for the planning codes relating to all retail that's derived from outreach. the chamber of commerce sxheenz the working groups made up of formula and non-formula we've discussions the policies coming out of the board of supervisors and the planning department we've met with ted egging connecticut on and looking at this an

department of technology to deploy and implement the online business portal first phase of the online business portal which is scheduled to be launched later this fall. in addition as the treasurer just mentioned oewd is work, closely with dtx to do business outreach around the change to the gross receipts tax in addition to the website and outreach to business groups and mailings to businesses. in film we continue to see a surge in film in san francisco increasing the number of permits issued and increasing the number of permits obviously and the number of shoot days in san francisco. [speaker not understood] oewd continues to work on development projects such as roadblock and [speaker not understood] program. oewd is working with sister departments in ocd and planning and dbi to implement the mayor's 7-point housing plan. in workforce we continue to implement our sector aloe ms. unction c, health care, technology, as well as our access points across the city. our workforce program we served more than 4,000 residents and placed more than 1500 in jobs. we continue to implement the may

i think though that they realize that the new business models are a way of life. and that is rate of change is here to stay. so, i think that they understand that even i think during the time that there have been students, things have changed in the industry and that they have to be ready for that and open to that. >> it's not like risk-taking for them it's like what they have my head, let me go do what i want to do. that's interesting. >> you said that they are always looking at the glass being half full so how do we act upon that and how do we take that back into our place as well? spinnaker and correlates everything that we have been saying here which is i think the way that you activate it i've noticed this in the class you ask them and ask their opinion and get their take and get their think tank ability going. one of the things that has really sort of affected the way that i do my job in the office coming out of the class looking at how we do group discussions and getting an opinion from the material. it is getting more information and hoping everyone goes of

that's the small business association, where they define small businesses based on the industry a firm is in. under general construction, sba defines a small business as $33.5 million for the year average. the difference between ocii and the city of san francisco, you should note that for professional services and architects and engineers there is a difference. in general ocii has followed the city's small definition for construction and suppliers, but in the area of professional services it does differ. ocii is 2 million, as opposed to the city at 2.5. because of our past practice of conforming to the city, the commission may want to consider amending the policy to conform to the 2.5 and we can have a discussion about that if that's warranted. so because of those differences it makes comparing performance on an apple to apple basis difficult because of size differences, discounts, things of that nature. what i've provided up here for you is an overall summary of ocii business performance. essentially for projects that were active as of january, 2013, so what we looked at was all proje

what i don't like about the business today is, i don't like that the whole business foundation is based 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 facility, getting

>> yes, it does. >> i mean in terms of especially for the business counselors because of the level of complexity with each particular type of business, that may be involved and you don't necessarily know who is going to walk in through that door, so to be able to train and you know, somebody to be, able to answer any questions, for any type of business, it does take time. >> i am seeing that and whether or not it is worth it to get the temporary help. >> and it, we are fortunate that we actually have an individual who is or who does the business counseling but on the technical operations side, and so he was very interested in learning on the permitting and licensing side, and so, for this individual, i think it is, and it will be worth the while. >> okay, good. >> need any more questions? >> okay, next item please? >> takes us to item 9, president's report, discussion item. >> as i want to say is that i want to thank everybody who participated in small business week last month. and i think that everybody did here participate and colorado first flavor event which was really good and i

type of business and a neighborhood that works for the type of business you're trying to run there's all sorts of guidance. in terms of getting permits. a lot of the work that ought to be done should be done before the application it filed. this site outlines the types of permit the restaurant and bar and nightclub might need and encourages people to take the appropriate preapplication steps to learn about how to successfully get through the permitting process. there are also best practices running a night life business and a lot of materials that the entertainment commission has developed the security manual they'll to have and this links out to all over the place. and finally a section addressing noise but perhaps sound another lesson learned when noise generally and the various, you know, what happens if you violate a noise condition on our permit. and one of the things that came up was the centerpiece of the night life summit earlier this year was the southern that businesses have about new developments unhappy and what to do in worki

new conditional use under the code requirement. >> no, no i'm saying if burger king went out of the business if - >> if mcdonald's took over it's requires a new you cu. >> but we're changing it. >> it has limited applications but if mcdonald's buys out burger king they'll have to go through the cu process and if there was a let's say a phil's cfo on the corner of somewhere we gave it a conditional use from 14 to 21 stores but a reinforce and a half later they exit that property and starbuck's wants to come in. does that trigger a conditional use or an administrative process. that currently is a cu but we haven't worked out the abandonment so that's something else we need to look at that a standard cu is 3 years but we can change that in the process of administration review >> with respect to process you have outlined in a table a number of other proposals and we've heard from two supervisors offices that there were pending board of supervisors legislation ideas or whatever running around about this whole thing we've known about but your excusing to move forward despite the fact the board of

, is in the piece of property that might be owned by a small business. and an individual, and in san francisco. and it is an empty storefront, that is sitting around and being a blight in the neighborhood. but we would like you to consider, is asking, that there will be a time limit on the whole process. we were suggesting from the time that someone submit a cu that there should be a finished up to no more than three months and that is the reasonable amount of time for the people to get in there and out of there and that just seems to be a very important thing from everybody concerned. thank you for your consideration. >> next speaker, please. >> good evening, commissioners paul once again. i am not from tell graph hill and i am from the neighborhood of the upper fillmore commercial district and we have seen first hand, what has happened in the changes first, as spin offs came into the neighborhood. where local san francisco entrepreneurs looking for space were not granted the lease because gap was athleta had the deep pocket and there was testimony at th

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what we try to say is here is the business. nk that scotland is better, stronger, more prosperous as part of the united kingdom. we think the better option is to stay together. >> let's say they vote for independence or separation. would that cause you and many other industries as far as you would know to put plans on hold to then see what happens with the legal system, even just the currency being used? >> i think it is the uncertainty, the fact we don't know how the currency would work. you cannot just pick up and leave. we have three and a half thousand people. i think this causes unnecessarily uncertainty. >> you mentioned a word uncertainty and you look into the housing industry in europe. it is fragmented. we know about the travails of the business in spain. what are you seeing base in the numbers that you have seen? >> the numbers show to speed development. u.k., particularly in the housing market. on the other hand, the french housing market is flat with new starts declining. now, you have a market like spain, which is s

selected 24 preselected business advisors. so, and then the next step is to hire a small business development center director. i didn't put it in my notes, but just to let you know, jordan kline who was spearheading this transition, has accepted an offeror has accepted a position over at the city of berkeley ~ in their economic development program. so, holley long will be taking over this project. last week the mayor met with small business leaders and commissioner dwight, i'll ask you to also chime in on this. the three key topics that the business leaders addressed the mayor, working on -- continuing to do more local hire -- more local purchasing at the procurement side from small businesses. and i do want you to note that actually the mayor has asked naomi kelly in the office of contract administration -- excuse me, not office of contract administration, office of contract management division. they're actually -- they've hired a consultant to do some analysis on ways to improve the 14-b local purchasing ordinance. so, the mayor is actively

move, improve folks, one call makes it all. >> she ran the business side. george ran the construction crew, the maintenance, buying the products. >> by 2004, maryann told her partner she wanted to retire. >> very nice person. very kind. she would do anything for anybody. but she wanted to, you know, start enjoying life a little bit, get the fruits of her labor. >> a few days before the christmas holiday, after everyone else had left, maryann stayed late to go over the books. as she was about to lock up the office to leave, she was viciously attacked. the next morning, her partner, george hansen, and another employee, found mary ann's body when they arrived for work. >> i saw the blood around maryann. i never seen a dead body before, nothing that horrible. >> paramedics pronounced her dead at the scene. >> she had substantial head injuries, and the pathologist determined that she had suffered at least three blows to the back of her head. >> crime scene technicians found some unusual clues. there was fresh blood on top of coagulated blood, which meant there we

vast majority of small business lending. they do thet majority of lower dollar lending to small businesses. >> paul is the chief economist for independent community bankers of america. together community banks are responsible for 60% of small business loans despite being just 15% of the total banking market. industry surveys showed they approved half of all small business applicants. that's less than alternative lenders on the whole but more than on deck and more than big banks which approve 20% of applicants. >> community banks specialize in small business lending, that's because it's a relationship lending where the community bank knows the local market, knows the customer, knows the small business owner personally many times. that really helps with the lending decision and makes a better lending decision than a transaction that has been done online or 1,000 miles away. >> when it comes to cost, banks can offer a much cheaper option for small businesses that qualify. on average 5 pours annual interest for a loan under $100,000. >> man

the kind i have with you. me too. could help your businessoid hours of delaynd test caused by slow internet from the phone company? that's enough time to record a memo. idea for sales giveaway. return a call. sign a contract. pick a tie. take a break with mr. duck. practice up for the business trip. fly to florida. win an award. close a deal. hire an intern. and still have time to spare. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business. built for business. >> thank you, ladies, for stopping by. >> thank you. >> thank you very much. >> thank you. >> thank you. >> thank you. >> so i think the takeaway is, if we're gonna go from $500,000 to $10 million, we better be prepared. you cannot get to $1 million, 'cause we're not selling enough, and the reason we're not selling enough is because you're not good at it. >> no, i am good at it. >> no, you're not. >> yes, i am. >> yes, she is. >> no, you're not. >> yes, she is. marcus, she has grown this company. >> it's disrespectful. >> it's

, phil rouss was so sick he could no longer run the business on a day to daybest friend, next door neighbor and business partner steve white was now running the business. >> my business partner said don't worry about it. if you're sick, stay home. stay home and get well. >> while sitting home, phil rouss heard rumors that his company wasn't paying its bills. >> we were taking money in. money was never given back to the suppliers to pay their bills. >> rouss went to the bank and discovered that ten company checks written by his partner had bounced because of insufficient funds. and they also learned why the company had no money. >> and when i got copies of the checks i can be honest with you, i was not happy with what i saw. he was paying for his personal cell phone bill. $70, $80 a month. he was paying for his own military insurance. he was making checks to his local wine and spirits company somewhere close and buying booze. >> and phil noticed that steve white had written a check to a company called american national for $127. when he didn't recognize the com

the debt trading business is not delivering. >> the exit he -- equity business dropped. lerate any circumstances in which are clients have been lied to or misled. that is what is at play here. i take you back to the culture review done by anthony as early as last year. justifying some of the renumeration. some bankers lose sense of proportions. this is last year. last year, what did he do? he raised the bonuses. big tough one for jenkins. >> i find it amazing that the latest data that the authority puts out, we have only recently been able to get this data and how much stuff is going through each start pool. it is amazing that the top three are european. you've to go to number four to find an american bank. >> where you go with this is regulation. >> thanks, manus. >> the largest ever ipo in the u.s.. alibaba has chosen an exchange. let's bring in our reported. lulu, what did it choose? alibaba has finally chosen its venue. it seems like this time the new york stock exchange has gained the upper hand. baba as theosen ticker. 2007, they also use the ticker 1688. they are e

there are differences but if you focus on your business, then you're going to do the best business job you can and if you're not worrying about other people won't either. the other thing is also take advantage of the things that we have as women. there are national certifications like wbenc, getture business certified as women owned and some kate tear women owned businesses. >> it hasn't stopped either of you guys. let's move on to the next question about finding investors. >> what is the best way to determine the best angel investors? i have a couple of investors that i'm choosing from and i'd like to feel better equipped with knowing who to go with. >> great question. it does not just come down to money and valuation. you have to have a good relationship with these people. >> you do. and i always look for the value add. so if you have a couple of angel investors you consider, one against the other who can do more for you. does one have an expertise in a field where you're weak. someone have great branding ability. maybe that's a good person to have that you can get them to do more fo

the real information. you are still experimenting, much like we are in our business. >> whether it is the news business, the retail business, i am not sure the evening news is coming back at 6:30 p.m. >> not the way it was, i totally agree. but news has always changed. watch the movies from the 1920's, extra, extra, read all about it. that was real-time news. we have always had a need for real-time news. i think all these channels of whatever type, it could be broadcast, it could be print, who were in the business of doing the 6:00 saying, will find what to say at 6:00 that adds value. it won't be breaking news, but it will be analysis that you want, or an exposÉ that's important to you. you see that on the morning shows in the u.s., a mainland and abroad. that already is changing. the need for content, attitude, when and where i am going to see it, those channels and the credibility of those people is still high. they will give you the right content. >> do you believe the tagline content is king and everyone wants it right now. just a few years ago writers were starving because everyone was creating realit

if you focus on your business, you will be doing the best business job you can. you are not worrying about it, other people probably won't either. take advantage of the things we have. there national certifications. you can get your business certified and some businesses cater to diverse owned businesses. >> it hasn't stopped either of you guys. let's move on and find investors. >> what is the best way to determine the best angel investors. i have a couple i am choosing from and i like to feel better equipped with upknowing who to with. >> you have to have a good relationship with these people. >> you do and i look for the value ad. if you have a couple that you are answering, who can do more for you. does one have an expertise where you are weak? that's a good person to have that you can get them to do more things that you don't have to pay extra for. that's a big differentiator. >> this woman is in a good position and has people to choose from. some people are getting whatever they can. how did you make the decisions? >> the number one thing is look for adviser

get to the next one. have a business with goldilocks projected financials? yes, remember goldilocks and the three bears? the business that you are presenting to angels for funding, when you do your projections and show how much revenue you're likely to get over time if you show too much, in other words if you're saying we'll do $50 million in revenue this year from a standing start nobody's going to leave you. >> right. >> if you do too little and say after ten years of working really hard we'll do $50,000 a year for revenue. >> this porridge is too cold. >> the goldilocks predictions are just right. now that doesn't mean you fake your projections to meet the goldilocks number. it means the business has to be rational and for a business to be investable by angels it has to be something where there is a significant upside. >> okay. and then finally, don't reinvent the wheel. i cannot say how important this is. lots of this stuff has already been done. >> absolutely. everything has been done. >> right. >> there are very few new things under the sun. and so if

renewables, nuclear power, and the grid business. this was to reassure the french government oust him -- alstom would still have some. >> what do you make of the french government's role in all of this? 20% have managed to get the stake. they could have blocked the deal or tried to? >> they could have. they have been struggling for a while. they made some unfortunate decisions to bet on nuclear and new coal in europe. the energy business is becoming a business of scale now. we saw a rolls-royce selling assets because it wasn't big enough. we saw shanghai turbines take a stake in house tom -- in alstom. it's a consolidation. if they block the bid now alstom might run into trouble. >> where does this leave the men's? siemens in this marketplace? .> they are still quite strong they have about 30% of the european market if we look at what we have done. they have a similar volume low believe. they are a strong player. it could then affect them. both is an opportunity for players to increase margins on new equipment sales. played a think th

the business model is very interesting. the way they have done things that other android phone makers have not been able to do, which is create a brand that is astomized enough to offer different user experience and a very different business model. selling products only online, having support that customers can get to. the company had some big teacups with inventory problems -- some big hiccups with inventory problems. >> they have been selling routers and sitting on inventory that went stale. about one of the secrets running a successful technology business. they never really got stuck sitting on product that wasn't hot. look at microsoft, hundreds of millions of dollars of inventory. this is a company that should know how to do it and could manage it. this is a very different business model. regardless of how successful the --pany is, >> we will take a deeper dive into the business model later in the show. i want to bring in a former executive at google in china. he is joining us from london. as someone who has worked in c

and now, it goes to the business sector and on the business sector, as we can imagine, every business has very unique needs, based on their operations, and they use a different set of chemicals and so we have had to create customized programs based on the needs of the business and so i am going to give you one or two examples here and very early on we worked with the puc on the reduction program and we worked with (inaudible) and while the puc worked on developing a permit program for dentists to help to reduce the mercury that was disposed into the bay and we came to help with the training and out reach and provided incentives to install this device and we worked with the large hospitals and to have trained them in the pollution and pretension opportunities and we worked with the dry cleaners and all of the businesses that you have seen and in the interest of time i will not talk about each program, but one thing that i wanted to point out to you is the fact that we emphasized the work of health a lot. and we understand that in some cases the work goes out in a disproportionate healt

the last density but a preforklift type of building. i think then upper left with choosing between biz businesses that serves as one of the proponent testified high-end wealthy yours and businesses that are tech biz businesses that's not the kind of choice the board of supervisors makes they defend the uses that serve the physical uses of the city but the other sort of decision is a decision that belongs to the marketplace >> thank you. next speaker. >> i'm the owner on one of the larger tenants of the design center i've walked through the doors 20 years ago. we have had very good future of being able to go through the recession with one flag year in 2010 we've seen a growth of our business since 1999 i feel a lot of that success we're really a lot of the of the technology our landlord sought us out i have a little bit different take i'm a showroom owner and architect designer i'm the person that use those that building on a daily business i use interest on a daily basis to show inclines presentations, i use it for clients to show me what they like. if i put products up open interest or feedback the response that i get from local designers a

you know, we were doing business in 2009 and 2010 in the same way we did business in 1960. it doesn't hardly pass the giggle test that there is anything in business that you are doing the same today that we did 50 years ago. what we said to our friends in the publishing community was look, how do we reinvent the business? had we make those of us were possible? what are the kinds of innovations and creativity you could do that would figure out and remove some of the inefficiencies in the supply chain and the way we work together? we are not there yet. we probably scratched the surface, but is lots of you in this room know, there have been dozens and dozens of innovative things that publishers have to to help figure out how to reinvent the business. issues about rapid replenishment, eliminating some of the complicated, ridiculous burdensome requirements surrounding co-op. looking at dating, looking at all the kinds of things not as charity to bookstores, but how do we make the business? >> said the good news is there is an innovation out there. i think we've got a long way to

we understand the number of institutions are pulling their businesses. caught my eye is the people who have not been doing business with barclays. jp morgan, goldman sachs, morgan stanley. eric schneiderman went to the heart of the lawsuit on bloomberg. >> one of the things barclays was doing was changing the data, misleading clients about how many of the trades were actually filled in barclays own dark pool. this elaborate propaganda saying they filled whatever is best for the client, the best price, the best phil. -- fill. of all the trades were filled in barclays dark pool. >> what was interesting about the conversation as it went on, actions by barclays will govern the size of the fine food in other words, cooperation. this comes down to anthony jenkins' challenge. relationships take a long time to build in all businesses. you break a relationship, you break the trust. >> this is part of the business that he has been favoring. >> one of the biggest challenges that jenkins had was to say that let's focus on equities. revenue down 5% in the first quart

i can't say enough about the center it's a blessing. we do businesscountry and world and a place like the contractor center to identify the business in san francisco >> the reality is you need training and that's what the center is here to train and make you better qualified to go work with the city and county and to be successful at the end. >> that will give people the competitive edge e edge at receiving contracts with the city. >> we have krafshth services here that help you find out where you need to get the skills forbidding. >> i mean local businesses participation in city projects is a winning factor it helms help the business their local businesses they're paying savings and a property tax and payroll tax and normally adhere san franciscans so their bowing goods and services in san francisco it really helps the economy of san francisco grow so its not only a benefit to the project but to the city. the contractors center is 5 thomas melon circle in the bayview area open 8:30 to 5 welcom >> good afternoon ladies and gentlemen and welcome to the

i do care about the businesses. as you mentioned, there is this prestige issue, the notion that it can translate into better business. is that good news for a chinese consumer business like alibaba? >> they are interested in coming to the u.s. and before it really rolls out its e-commerce platform, it will roll out the consciousness of the name. they want to be seen as legitimate. senior management and thinkers are well aware that there are some particular fears attached to chinese names and to the variable interest entities. having the most white glove experience and getting the best name positioning is quite reasonably a major concern for all chinese firms. a great question. i have to agree with you. >> thank you very much. we will be talking about go pro. they went public with a big ipo today. this is extreme in many ways. we will talk about that next. ♪ >> welcome back to "bloomberg west." go pro users, known for those crazy wearable cameras. surfing, hand gliding, motorcross, shark swimming, you name it. they're

i managed the airport small business affairs office. and i am sandra crump and i don't know if you knew that again for the record. on behalf of the airport director, john martin and our commission, we appreciate this opportunity to present our lbe contract awards and business out reach efforts for the past 6 months. i have two slides, and i think you each have it. okay, thanks. the first slide provides a break down of the sfos contracting activity from july 1, 2013, to december 31, 2013, during this period sfo awarded $15.5 million for six construction and one professional services contract. of these 7 contracts, 5 were awarded to certified lbe primes representing 71 percent of the total number of contracts awarded. of the 15.5 million dollars, if you can see on the first pie chart, lbe primes received approximately $2.1 million representing 14 percent of the total dollar amounts. and lbe subs received approximately $13 million, representing 18 percent of the total contract amount. and total, lbes received approximately 32 percent of the

basically the microowner and like other business owners i would like to stay in the city to do the business. but, in the meantime, i really like to have something, and a little bit and a small share of the city opportunity, thank you very much. >> are there any other members of the public that wish to speak on public comment? seeing none, >> all right. public comment is now closed. >> i would just have one follow up question for city administrator boris and maybe you can help to answer this. mr. selserm an mentioned that given that the focus is now on the local businesses and the suggestion ta we need to have the complete data is not paramount, what is your thought or your response to that? >> i think that we have engaged in the process currently for an out reach initiative to go out and hear from various stake holders whether they receive the departments prime contractors and subcontractors, on the future lbe legislation, and as we engaged to the community process and we hear from the stake holders we are complying a report and make until that process, the community process is complete, i

the u.s. phone business. ck a have the carriers customer in through the payments of the phone but the phone won't be subsidized. the carriers love this. the phone makers kind of like this. if that were to change the u.s. business model, it could start to open up the window for companies like xiaomi with a different model. >> steve wozniak thinks that xiaomi products are good enough for the u.s.. he visited in january and says they have excellent products and are good enough to break the american market. one of the interesting points that you spoke with you go about in your article was this idea of an even cheaper, bargain-basement priced smartphone. a $50 phone. >> a lot of companies are pursuing that. need to evolve the software and services and get their margin there. we have not seen a lot of that yet from xiaomi. they have a social network that left -- swamp. they are still on the search for other revenue models. if they can find that, they can make money on services. >> brad of bloomberg businessweek. we