Richard Allen: Richard began his career as a trainee cook for Bob’s Big Boy in Van Nuys California. In January 1966 he joined the Army and soon entered into the Special Forces training program from which he graduated in August 1967. In 1968 he served in Vietnam and served on two A-teams (A-101 & A-107). (See www.langvei.com) He was awarded the Silver Star with a V for valor
Richard decided to return to college and began his work on his B.S. degree in Accounting, and his career in restaurant management. Shortly after returning from Vietnam he was promoted to an assistant manager position at Bob’s #20 in Panorama City Ca. The restaurant industry taught Richard a number of business and management skills which he has employed throughout his career.
Richard moved into hotel consulting by managing a number of projects for Marriott, Holiday Inn International, and smaller hotel companies. Richard also worked on projects for G.E., Southern Pacific Railway, Ohio Bell, The Arizona Bank, and a company that made Blowout Preventers for the Oilfield Services Industry.
Richard spent a number of years in banking at First Interstate Bank and Bank of America as a project manager and finance officer and investment administrator for large institutional trust clients. His projects led to a reduction of B of A's non-earning assets by $2.0 billion, which improved its earnings' ratios and helped to meet the Federal Reserve's change in its equity to asset requirement. He was responsible for overall administration of client investment portfolios including, research analysis, posting transactions, reporting and client relationships.
Richard returned to the hospitality industry as a controller. He managed the financial responsibility of taking two hotels and marina through a Chapter 11. Responsible for the financial reporting and management functions for major hotel properties. He opened two upscale hotels the Warner Center Hilton Hotel & Towers in Woodland Hills CA., and the Ritz Carlton Huntington Hotel in Pasadena California.
He returned to the restaurant industry as a controller for generating $100mm and over. He managed all accounting functions as well as management of the Y2K project solutions for both companies.
Richard’s accounting and finance consulting experience includes hands on knowledge of numerous accounting and information software packages. His hands on experience includes 10 years functioning as an controller/ interim/Director for employers and clients in a wide variety of industries, including; service, restaurants, light manufacturing, entertainment, design firms, construction, healthcare, mortgage companies, e-commerce and fulfillment industries. Clients have ranged in size from $1MM to $20BB.
His educational background includes not only my BS in accounting, and an MBA, but also by his attendance at a Japanese management development school. His experience in Japan has aided in fine-tuning his team management and leadership skills.
Years in the Industry
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I started consulting for a friend that had some restaurants. I was always a very organized operator and utilized systems I developed to operate my own restaurants. Upon a visit to my restaurant the friend saw the systems and offered to pay me to create and implement them into his restaurants.
A couple of years later I sold my restaurants and have worked as a consultant ever since.
I have recently developed a Labor Cost Management Application that is a online subscription model that I am selling through Consultants as additional services that they can offer their customers.
Tell me more about what you are doing and about your application.
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Sales at fast-casual eateries are growing at a pace similar to that of quickservice and sit-down restaurants as young, high-i -More-
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Main Event Entertainment, the fastest-growing family entertainment center in America, is celebrating its new center opening in Pharr, Texas, a suburb near McAllen in the Rio Grande Valley. Doors will open to the public at 9 a.m. on August 6.
Darden Restaurants, Inc. (NYSE: DRI) announced that Clarence Otis is stepping down as Chairman and Chief Executive Officer of the Company. Darden's Board of Directors has appointed the Company's current Independent Lead Director, Charles A. Ledsinger, Jr., as Independent Non-Executive Chairman of the Board, effective immediately. The Company also announced that it has amended its corporate governance policies to provide for the separation of the Chairman and Chief Executive Officer roles.
Today the National Restaurant Association issued the following statement regarding the National Labor Relations Board’s (NLRB) decision asserting McDonald’s Corporation is a joint employer of its franchisees:
Rising India, Inc. (OTC: RSII), announces today it will immediately begin work toward the acquisition of up to 5 profitable stores in the popular Quick Serve Pizza Restaurant segment. Current targets are currently earning about $450,000 in revenues per year, per store. Acquisition of targets would provide immediate cash flow identified from profitable longstanding, absentee owner operations with proven model success.
If you are looking for capital to start or grow your restaurant, create the next 501c3, develop and launch the next app for the restaurant industry,or want to help your peers in some meaningful way, we want to know about it.
Inspired by biological design and self-organizing systems, artist Heather Barnett co-creates with physarum polycephalum, a eukaryotic microorganism that lives in cool, moist areas. What can people learn from the semi-intelligent slime mold? Watch this talk to find out.
When he was young, artist Shih Chieh Huang loved taking toys apart and perusing the aisles of night markets in Taiwan for unexpected objects. Today, this TED Fellow creates madcap sculptures that seem to have a life of their own—with eyes that blink, tentacles that unfurl and parts that light up like bioluminescent sea creatures.
Surgeons are required every day to puncture human skin before procedures — with the risk of damaging what's on the other side. In a fascinating talk, find out how mechanical engineer Nikolai Begg is using physics to update an important medical device, called the trocar, and improve one of the most dangerous moments in many common surgeries.