Cramer: 'Getting Rich Carefully' Rules Apply to Restaurants
Jim Cramer reveals how the same rules he discusses in his latest book, "Getting Rich Carefully," apply to his newest investment, Mexican restaurant Bar San Miguel in Carroll Gardens, Brooklyn. Cramer says if you protect your downside, the upside will take care of itself. Just like he recommends that investors don't overpay for stocks and that they seek out good dividends and reasonable growth, Cramer says it's important to stay within your means when it comes to investments like restaurants.
In Chapter 11 of 17 in his 2013 Capture Your Flag interview, educator and entrepreneur Michael Margolis answers "How Are Your Team Dynamics Changing as Your Company Completes More Creative Projects?" With a company that tripled in size in less than three months, CEO Margolis manages employee growth by investing in an intentional, transparent company culture. This sets clear employee expectations around priorities and values and helps Margolis do his best as a CEO to lead his team.
In Chapter 12 of 14 in his 2012 interview, Internet entrepreneur Joe Stump, after raising money for three companies, advising a venture capital firm and investing his own money in three companies, shares what he has learned about startup investing. He describes the portfolio theory approach VC firms take and how as an entrepreneur he has learned to compete as a portfolio firm. He learns the mechanics of angel, seed, series A and series B investing and how to negotiate contract terms.