Chasing Money News Today

And that the President Elect talked about a system where for every new regulation comes in, two have to go away. Im not sure how that works. But something along those lines where new regulations have to be counter weighted with reduction in the overall Regulatory Burden on small companies. Weve seen happen many times a regulation gets put into place and nobodys thought about how its going to affect the Small Business owner. I it may make sense for big business but Small Business gets talking up....

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Wrote the story for "bloomberg" is joining me now. the lead of the story is kushner wakes up every morning with the problem and what is that problem? >> reporter: the problem is they overpaid for the building. they bought it in 2007 and set a record price at the time for any single building. ever since, theyve been chasing that, trying to make it work. it was highly leveraged to begin with. they had to sell off the very lucrative portions of the building where the retail is and they later had to...

Wakes up every morning with the problem and what is that problem? >> reporter: the problem is they overpaid for the building. they bought it in 2007 and set a record price at the time for any single building. ever since, theyve been chasing that, trying to make it work. it was highly leveraged to begin with. they had to sell off the very lucrative portions of the building where the retail is and they later had to refinance it when it was teetering on the brink of insolvency. so theyve been tryin...

The why you started your business, the why your business. you should listen to his ted talk. >> were big fans at spotluck. thanks for the feedback. >> so 8 and 7. so on the product, i think you have a great product. what im looking at is that it does have other uses. and youve done a great job of kind of focusing on one thing right now, not getting distracting, which is really good. and ive learned the hard way that when you get distracted, you only dilute. you get in trouble. on the pitch, i ha...

Really fast, go to the right thing, it will chase you. so it changed focus totally at that point and really focused on the customer instead of focusing on trying to make money. and just making the customer get that wow experience. and really listening and everything. so i think you have to, in a business, small business, as you get larger, it becomes tougher and tougher, youreally have to focus on the customer. a lot of people believe they do but theyll see they actually dont. not the way they d...

Will offer you blood, sweat and tears to see your vision come to life. >> what does that look like? celebrating them at company meetings? >> helping them grow. so part of it is offering aff m affirmation and positive feedback. also offering them opportunities to grow. its offering them classes and opportunities to learn communication skills. or confrontation. things that will actually help them grow as human beings. put them in situations where they can fall and try again. where you wont just ta...

Groupon for these restaurants which was a problem, but you allow them to change the price discount. >> absolutely. i agree with what youre saying. our story is traditional. we started in my basement, quit our jobs, used our own money. >> what was the birth of the idea? >>s. ing that prices in a restaurant at tuesday at 2:00 p.m. when its raining shouldnt be the same as friday night at 6:00. >> thats real. >> we wish you the best of luck. thank you for coming on the program. thank you for giving ...

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