Kimpton Hotel & Restaurant Group Strives for Perfection! FYIWhen inves terjemahan - Kimpton Hotel & Restaurant Group Strives for Perfection! FYIWhen inves Bahasa Indonesia Bagaimana mengatakan

Kimpton Hotel & Restaurant Group St

Kimpton Hotel & Restaurant Group Strives for Perfection! FYI
When investment banker Bill Kimpton traveled to Europe, he liked staying in small hotels
with personality and personalized service rather than big hotels owned by big chains.
Adapting the “boutique” hotel idea, he bought and renovated an older San Francisco hotel
with architectural charm and a central location. It reopened in 1981 as the Clarion Bedford
Hotel and featured each room decorated in an individual style rather than all being identical,
as in most hotel chains. It also offered a complimentary wine-tasting hour to bring
guests together in the lobby for a bit of socializing every evening.
Little by little, Kimpton and his investment partners bought and renovated other hotels
on the West Coast and, later, across the country. Now, more than 30 years later, the
company that Kimpton founded has grown to more than 100 boutique hotels and trendy
restaurants in North America. It employs more than 7,200 employees and rings up annual
revenue of more than $700 million.
Kimpton Hotel & Restaurant Group is a limited-liability company (LLC), a form of
business ownership that allows it the financial and management flexibility to work with
different investment partners on different hotel and restaurant properties. The company
also partners with different chefs to create specialty restaurants where the chef, not the
hotel manager, is in charge. This unconventional approach led to Kimpton partnering with
Wolfgang Puck, among other well-known chefs, to open restaurants inside or alongside
Kimpton hotels.
Kimpton’s boutique hotels are always adding special touches to make guests feel
pampered. For example, under the “Guppy Love” program, the hotels will put a fish
bowl stocked with goldfish in a guest room by request. The idea is to “provide little fish
friends to anyone who [wants] a pet companion,” explains Niki Leondakis, Kimpton’s
president. Employees further personalize the hotel experience by helping guests “live like
a local, offering tailored recommendations from staff picks to one-of-a-kind experiences,”
Leondakis adds. Whether they’re talking about a unique historical site or giving directions
to a local art gallery, Kimpton’s employees are “proud to be the cultural ambassadors of
their city.”1

Bill Kimpton started the Kimpton Hotel and Restaurant Group—the company
profiled in the Inside Business feature for this chapter—with one goal in mind:
He wanted customers to have a unique and memorable experience. Over the
next 30 years, with the help of investors and partners, Kimpton created more than
100 boutique hotels and restaurants that ring up annual revenue of more than $700
million and employ more than 7,200 employees. Pretty impressive achievements for a
company that must compete with larger corporate hotel and restaurant chains.
For Bill Kimpton, deciding to start a business was only the first step. It takes hard
work, and there are many decisions that you must make to build a successful business.
For example, you must choose the right type of business ownership. Kimpton chose the
limited liability company (LLC) form of ownership because it allows the financial and
management flexibility to work with different investment partners on different hotels
and restaurant properties. And yet, as you will see in this chapter, there are other popular
forms of ownership including sole proprietorships, partnerships, and corporations.
We begin this chapter by describing the three common forms of business ownership:
sole proprietorships, partnerships, and corporations. We discuss how these types
105

of businesses are formed and note the advantages and disadvantages of each. Next,
we consider several types of business ownership usually chosen for special purposes,
including S-corporations, limited-liability companies, not-for-profit corporations,
cooperatives, joint ventures, and syndicates. We conclude the chapter with a discussion
of how businesses can grow through internal expansion or through mergers with other
companies.
Sole Proprietorships
A sole proprietorship is a business that is owned (and usually operated) by one
person. Although a few sole proprietorships are large and have many employees, most
are small. Sole proprietorship is the simplest form of business ownership and the easiest
to start. In most instances, the owner (the sole proprietor) simply decides that he or she
is in business and begins operations. Some of today’s largest corporations, including
Walmart, JCPenney, H.J. Heinz Company, and Procter & Gamble Company, started
out as tiny—and in many cases, struggling—sole proprietorships.
Often entrepreneurs with a promising idea choose the sole proprietorship form
of ownership. Annie Withey, for example, created a cheddar cheese–
flavored popcorn
snack food. Annie’s popcorn, called Smartfood, became one of the fastest-selling snack
foods in U.S. history. After a few years, PepsiCo Inc.’s Frito-Lay division bought the
brand for about $15 million. Ms. Withey, an organic farmer and mother of two children,
went on to develop an all-natural white-cheddar macaroni and cheese product.
This venture was also a success. Today even though her firm, Annie’s Homegrown, has
grown and become part of a larger conglomerate, Annie remains the entrepreneurial
heart of the company and still thinks like a sole proprietor.
As you can see in Figure 4.1, there are approximately 23 million nonfarm sole
proprietorships in the United States. They account for 72 percent of the country’s
business firms. Although the most popular form of ownership when compared with
partnerships and corporations, they rank last in total sales revenues. As shown in
Figure 4.2, sole proprietorships account for about $1.3 trillion, or about 4 percent of
total annual sales.
Sole proprietorships are most common in retailing, service, and agriculture. Thus,
the clothing boutique, corner grocery, television-repair shop down the street, and small,
independent farmers are likely to be sole proprietorships.
Relative Percentages of Nonfarm Sole Proprietorships, Partnerships,
and Corporations in the United States
106
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Kimpton Hotel & Restaurant Group Strives for Perfection! FYIWhen investment banker Bill Kimpton traveled to Europe, he liked staying in small hotelswith personality and personalized service rather than big hotels owned by big chains.Adapting the “boutique” hotel idea, he bought and renovated an older San Francisco hotelwith architectural charm and a central location. It reopened in 1981 as the Clarion BedfordHotel and featured each room decorated in an individual style rather than all being identical,as in most hotel chains. It also offered a complimentary wine-tasting hour to bringguests together in the lobby for a bit of socializing every evening.Little by little, Kimpton and his investment partners bought and renovated other hotelson the West Coast and, later, across the country. Now, more than 30 years later, thecompany that Kimpton founded has grown to more than 100 boutique hotels and trendyrestaurants in North America. It employs more than 7,200 employees and rings up annualrevenue of more than $700 million.Kimpton Hotel & Restaurant Group is a limited-liability company (LLC), a form ofbusiness ownership that allows it the financial and management flexibility to work withdifferent investment partners on different hotel and restaurant properties. The companyalso partners with different chefs to create specialty restaurants where the chef, not thehotel manager, is in charge. This unconventional approach led to Kimpton partnering withWolfgang Puck, among other well-known chefs, to open restaurants inside or alongsideKimpton hotels.Kimpton’s boutique hotels are always adding special touches to make guests feelpampered. For example, under the “Guppy Love” program, the hotels will put a fishbowl stocked with goldfish in a guest room by request. The idea is to “provide little fishfriends to anyone who [wants] a pet companion,” explains Niki Leondakis, Kimpton’spresident. Employees further personalize the hotel experience by helping guests “live likea local, offering tailored recommendations from staff picks to one-of-a-kind experiences,”Leondakis adds. Whether they’re talking about a unique historical site or giving directionsto a local art gallery, Kimpton’s employees are “proud to be the cultural ambassadors oftheir city.”1Bill Kimpton started the Kimpton Hotel and Restaurant Group—the companyprofiled in the Inside Business feature for this chapter—with one goal in mind:He wanted customers to have a unique and memorable experience. Over thenext 30 years, with the help of investors and partners, Kimpton created more than100 boutique hotels and restaurants that ring up annual revenue of more than $700million and employ more than 7,200 employees. Pretty impressive achievements for acompany that must compete with larger corporate hotel and restaurant chains.For Bill Kimpton, deciding to start a business was only the first step. It takes hardwork, and there are many decisions that you must make to build a successful business.For example, you must choose the right type of business ownership. Kimpton chose thelimited liability company (LLC) form of ownership because it allows the financial andmanagement flexibility to work with different investment partners on different hotelsand restaurant properties. And yet, as you will see in this chapter, there are other popularforms of ownership including sole proprietorships, partnerships, and corporations.We begin this chapter by describing the three common forms of business ownership:sole proprietorships, partnerships, and corporations. We discuss how these types105of businesses are formed and note the advantages and disadvantages of each. Next,we consider several types of business ownership usually chosen for special purposes,including S-corporations, limited-liability companies, not-for-profit corporations,cooperatives, joint ventures, and syndicates. We conclude the chapter with a discussionof how businesses can grow through internal expansion or through mergers with othercompanies.Sole ProprietorshipsA sole proprietorship is a business that is owned (and usually operated) by oneperson. Although a few sole proprietorships are large and have many employees, mostare small. Sole proprietorship is the simplest form of business ownership and the easiestto start. In most instances, the owner (the sole proprietor) simply decides that he or sheis in business and begins operations. Some of today’s largest corporations, includingWalmart, JCPenney, H.J. Heinz Company, and Procter & Gamble Company, startedout as tiny—and in many cases, struggling—sole proprietorships.Often entrepreneurs with a promising idea choose the sole proprietorship formof ownership. Annie Withey, for example, created a cheddar cheese–flavored popcornsnack food. Annie’s popcorn, called Smartfood, became one of the fastest-selling snackfoods in U.S. history. After a few years, PepsiCo Inc.’s Frito-Lay division bought thebrand for about $15 million. Ms. Withey, an organic farmer and mother of two children,went on to develop an all-natural white-cheddar macaroni and cheese product.This venture was also a success. Today even though her firm, Annie’s Homegrown, hasgrown and become part of a larger conglomerate, Annie remains the entrepreneurialheart of the company and still thinks like a sole proprietor.As you can see in Figure 4.1, there are approximately 23 million nonfarm soleproprietorships in the United States. They account for 72 percent of the country’sbusiness firms. Although the most popular form of ownership when compared withpartnerships and corporations, they rank last in total sales revenues. As shown inFigure 4.2, sole proprietorships account for about $1.3 trillion, or about 4 percent oftotal annual sales.Sole proprietorships are most common in retailing, service, and agriculture. Thus,the clothing boutique, corner grocery, television-repair shop down the street, and small,
independent farmers are likely to be sole proprietorships.
Relative Percentages of Nonfarm Sole Proprietorships, Partnerships,
and Corporations in the United States
106
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Kimpton Hotel & Restaurant Group Berusaha untuk Kesempurnaan! FYI
Ketika bankir investasi Bill Kimpton bepergian ke Eropa, dia suka tinggal di hotel kecil
dengan kepribadian dan layanan pribadi daripada hotel besar yang dimiliki oleh rantai besar.
Mengadaptasi "butik" Ide Hotel, dia membeli dan direnovasi lebih tua San Francisco Hotel
dengan pesona arsitektur dan lokasi pusat. Itu dibuka kembali pada tahun 1981 sebagai Clarion Bedford
Hotel dan menampilkan setiap kamar didekorasi dengan gaya individu daripada semua yang identik,
seperti di jaringan hotel yang paling. Hal ini juga menawarkan gratis mencicipi anggur jam untuk membawa
tamu bersama-sama di lobi untuk sedikit bersosialisasi setiap malam.
Sedikit demi sedikit, Kimpton dan mitra investasinya membeli dan direnovasi hotel lainnya
di Pantai Barat dan, kemudian, di seluruh negeri. Sekarang, lebih dari 30 tahun kemudian,
perusahaan yang didirikan Kimpton telah berkembang menjadi lebih dari 100 butik hotel dan trendi
restoran di Amerika Utara. Ini mempekerjakan lebih dari 7.200 karyawan dan cincin up tahunan
pendapatan lebih dari $ 700 juta.
Kimpton Hotel & Restaurant Group adalah Perseroan Terbatas (LLC), suatu bentuk
kepemilikan bisnis yang memungkinkan fleksibilitas keuangan dan manajemen untuk bekerja dengan
investasi yang berbeda mitra di berbagai hotel dan restoran properti. Perusahaan
juga bekerjasama dengan koki yang berbeda untuk membuat restoran khusus di mana koki, bukan
manajer hotel, bertanggung jawab. Pendekatan konvensional ini menyebabkan Kimpton bermitra dengan
Wolfgang Puck, antara koki terkenal lainnya, untuk membuka restoran di dalam atau di samping
hotel Kimpton.
Kimpton hotel butik selalu menambahkan sentuhan khusus untuk membuat tamu merasa
dimanjakan. Sebagai contoh, di bawah program "Guppy Love", hotel akan menempatkan ikan
mangkuk penuh dengan ikan mas di ruang tamu dengan permintaan. Idenya adalah untuk "memberikan ikan kecil
teman-teman untuk siapa saja yang [ingin] pendamping hewan peliharaan," jelas Niki Leondakis, Kimpton
presiden. Karyawan lebih personalisasi hotel pengalaman dengan membantu tamu "hidup seperti
lokal, yang menawarkan rekomendasi disesuaikan dari staf mengambil satu-of-a-kind pengalaman,"
Leondakis menambahkan. Apakah mereka sedang berbicara tentang sebuah situs sejarah yang unik atau memberikan arah
ke galeri seni lokal, karyawan Kimpton adalah "bangga menjadi duta budaya dari
kota mereka." 1 Bill Kimpton mulai Kimpton Hotel dan Restaurant Group-perusahaan diprofilkan dalam Fitur Bisnis dalam untuk bab-dengan satu tujuan dalam pikiran ini: Dia ingin pelanggan untuk memiliki pengalaman yang unik dan mudah diingat. Selama 30 tahun berikutnya, dengan bantuan investor dan mitra, Kimpton menciptakan lebih dari 100 butik hotel dan restoran yang menelepon pendapatan tahunan lebih dari $ 700 juta dan mempekerjakan lebih dari 7.200 karyawan. Prestasi cukup mengesankan untuk sebuah perusahaan yang harus bersaing dengan hotel dan restoran rantai perusahaan yang lebih besar. Untuk Bill Kimpton, memutuskan untuk memulai bisnis adalah hanya langkah pertama. Dibutuhkan keras bekerja, dan ada banyak keputusan yang harus Anda lakukan untuk membangun bisnis yang sukses. Misalnya, Anda harus memilih jenis hak kepemilikan bisnis. Kimpton memilih perseroan terbatas (LLC) bentuk kepemilikan karena memungkinkan keuangan dan fleksibilitas manajemen untuk bekerja dengan mitra investasi yang berbeda pada berbagai hotel dan properti restoran. Namun, karena Anda akan melihat dalam bab ini, ada populer lainnya bentuk kepemilikan termasuk kepemilikan tunggal, kemitraan, dan perusahaan. Kita mulai bab ini dengan menggambarkan tiga bentuk umum dari kepemilikan bisnis: kepemilikan tunggal, kemitraan, dan perusahaan. Kami membahas bagaimana jenis 105 usaha terbentuk dan perhatikan keuntungan dan kerugian dari masing-masing. Berikutnya, kita mempertimbangkan beberapa jenis kepemilikan bisnis biasanya dipilih untuk tujuan khusus, termasuk S-perusahaan, perusahaan Terbatas, tidak-untuk-keuntungan perusahaan, koperasi, usaha patungan, dan sindikat. Kami menyimpulkan bab dengan pembahasan tentang bagaimana bisnis bisa tumbuh melalui ekspansi internal atau melalui merger dengan lainnya perusahaan. Sole kepemilikan Sebuah kepemilikan tunggal adalah bisnis yang dimiliki (dan biasanya dioperasikan) oleh salah satu orang. Meskipun perseorangan beberapa besar dan memiliki banyak karyawan, yang paling kecil. Kepemilikan tunggal adalah bentuk sederhana dari kepemilikan bisnis dan termudah untuk memulai. Dalam kebanyakan kasus, pemilik (pemilik tunggal) hanya memutuskan bahwa dia adalah dalam bisnis dan mulai beroperasi. Beberapa perusahaan terbesar saat ini, termasuk Walmart, JCPenney, HJ Heinz Company, dan Procter & Gamble Company, mulai keluar sebagai kecil-dan dalam banyak kasus, kepemilikan berjuang-satunya. Seringkali pengusaha dengan ide yang menjanjikan memilih bentuk kepemilikan tunggal kepemilikan. Annie Withey, misalnya, menciptakan cheddar keju-dibumbui popcorn makanan ringan. Annie popcorn, disebut Smartfood, menjadi salah satu camilan penjualan tercepat makanan dalam sejarah AS. Setelah beberapa tahun, PepsiCo Inc divisi Frito-Lay membeli merek untuk sekitar $ 15 juta. Ibu Withey, seorang petani organik dan ibu dari dua anak, pergi untuk mengembangkan putih cheddar makaroni dan keju produk alami. Usaha ini juga sukses. Hari ini meskipun perusahaannya, Annie Homegrown, telah tumbuh dan menjadi bagian dari konglomerat besar, Annie tetap kewirausahaan jantung perusahaan dan masih berpikir seperti pemilik tunggal. Seperti yang Anda lihat pada Gambar 4.1, ada sekitar 23 juta-satunya nonfarm kepemilikan di Amerika Serikat. Mereka account untuk 72 persen dari negara perusahaan bisnis. Meskipun bentuk yang paling populer dari kepemilikan bila dibandingkan dengan kemitraan dan perusahaan, mereka peringkat terakhir dalam pendapatan total penjualan. Seperti yang ditunjukkan pada Gambar 4.2, perseorangan account untuk sekitar $ 1,3 triliun atau sekitar 4 persen dari total penjualan tahunan. Kepemilikan Sole yang paling umum di ritel, jasa, dan pertanian. Dengan demikian, pakaian butik, sudut toko, televisi-bengkel di jalan, dan kecil, petani mandiri cenderung perseorangan. Persentase relatif Nonfarm Sole kepemilikan, Kemitraan, dan Korporasi di Amerika Serikat 106























































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