Now That @TigerWoods is Validated and My Savings Rate Can Go Up are We Done Yet?

Whether you know it or not two major events occurred today that represent a true step forward (at least in my own mind) in the evolution of the Internet (Michael made me capitalize it) as a truly valuable medium occurred today. While the heavyweights in the industry were debating the future of Web 2.0 at the conference in San Francisco, I learned that Twitter had verified that the handle @TigerWoods was really Tiger Woods and that my bank had noticed that my kids' savings accounts were eligible for a "free" upgrade to a higher interest rate.

As to the likes of Mark Zuckerberg, John Doerr and other heavyweights I await their prognostications with bated I will forget them as soon as I read them. But will I ever forget that Tiger is back on Twitter or that this change in interest rate (which would have an impact of approximately $.01 per year)? No! Never! Why? Because they remind me of the distortions of notion of real value being delivered by this medium and create noise where there is no need. That my bank actually employs people to call account holders to let them know that over the next one hundred years each of my two daughters can see their net worth rise by $1.00, makes me wonder what other real opportunities that I am missing.

Don't get me wrong--I am a big fan of Tiger Woods. I am a golfer at heart and I admire his accomplishments in the sport. But I don't see him either as a moral compass or his personal problems as a sign of the decline of our society. I see him for what he is--an athlete, an entertainer and a troubled human being. But nothing that he has done--or will do--relieves of me from any my responsibilities as a citizen or a parent or as the President of this growing engine we call FohBoh. So Tiger and my bank have reminded me of the value available from the web. So I will (cleverly, I must say) transition to the latter concern and end my rants (for now, I may be back in one hundred years to get that dollar back).

Michael has written quite prolifically lately about the perils of software development, the reasons for delaying the launch of our new web presence, the challenges we face in financing this company and the broken risk/reward equation in the financial markets and those points do not need to be further repeated here. But, as I said to a business colleague earlier today, we must come back to focusing on value delivered as the driving force behind any business. If we can succeed in delivering value to our members and customers we will succeed as a business. Sometimes it seems that many in the financial community have this backward--oh, I'm sorry, I said I wouldn't rant any further.

Forgive me. Thanks.

At FohBoh, we have had innumerable debates about what the foodservice industry really needs from the availability of a socialized, commercial and interactive web technology company. Our current conclusion--and hence our current strategy--is that there are three core elements to what provides value to the foodservice professional (and including all those service industries such as equipment vendors, linen supply houses, food manufacturers, etc) is that the following are the minimum required elements:

  • Community: A place for the free exchange of ideas and for the airing of problems and solutions that face our members in their day-to-day jobs
  • Utility: information and business applications that reduce the time and burden of operating in this industry, providing value to our customers customers and to narrow the focus of where best to spend the most limited of resources, namely time
  • Connection: This is where our choice of words needs to be particularly clear. Byconnection we mean where community meets utility, where the distance between those who have a need can find those who have what they need, where buyers met sellers.

When the FohBoh 3.0 web presence is unveiled on December 1, we hope you will see that we provide these minimum elements.

FohBoh 3.0 will at least address the question of who FohBoh is and where FohBoh expects to make money. Our base is the community--or the communities--that we operate and hopefully to the satisfaction of our 40,000+ members. Our software--FohBuzz, FohMail and our FohMedia service will demonstrate the clear utility that we are in the first generation of providing solutions. Our move into providing connection will best be demonstrated by the FohBoh Marketplace and its extensions. This is where our efforts will be in the embryonic stages but we will be providing something that is well understood in this industry, namely a platform for promotion (heaven forbid we call it advertising) but in a way that is both accessible and available on demand.

And we're doing this while we are raising the necessary capital to do it well.

So I guess we aren't done yet. And Tiger can have that extra $1.00 over the next hundred years.

Views: 2

Tags: $1.00, FohBoh, FohBuzz, FoodService Social Media, Michael Atkinson, Restaurant Social Media, Tiger Woods, Web 2.0, community, connection, More…utility, value


You need to be a member of FohBoh to add comments!

Join FohBoh




Social Wine Club for Craft Wineries


Kids LiveWell atwitter over Twitter party

In its continuing effort to promote more nutritious and flavorful children's menu options, the NRA will hold a Twitter party  -More

Starbucks could become top on-premise wine seller in U.S.

Starbucks is planning to slowly expand its evening sales of wine, beer and small plates to thousands of selected stores throu -More

The evolving nature of snacks

Snacks have shifted from an after-school treat to a meal alternative as meal times become more fragmented.  -More


Posting a job or finding a job starts here at FohBoh. Call us about special $25 posting packages to syndicate across all major jobs boards.

National News

Wahlburgers Announces Expansion Plans Including Franchise Agreement in Philadelphia

Wahlburgers has signed a franchise agreement with Hingham Associates, LLC that will bring five Wahlburgers to the metropolitan Philadelphia area over the next several years. The franchise group is actively looking at sites and is targeting a late 2014-early 2015 opening for its first restaurant.

Chipotle Mexican Grill, Inc. First Quarter 2014 Revenue Up 24.4%

Comparable restaurant sales increased 13.4% - Restaurant level operating margin was 25.9%, a decrease of 40 basis points

Jamba Juice Announces Grand Opening of New St. Louis, MO Location

Jamba Juice Company announced the brand’s continued expansion in the St. Louis market with the opening of a Jamba Juice® store at 11477 Olive Blvd. on April 16, 2014.

Expert in Real Estate Analytics Joins Luna Grill

Luna Grill, the San Diego-based Mediterranean restaurant chain, is welcoming retail real estate industry veteran Greg Thorburn to its leadership team. Thorburn has been brought on board to fill the newly created position of Vice-President of Real Estate.

Rita's Italian Ice Awards Area Development Agreement for Kansas

Rita's Italian Ice has awarded franchise and area development agreements for Kansas and the Kansas City area, which extends to the Missouri side of the city, to franchisees and local residents Jay Miller, Jeff Miller and Pat Reilly.


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.


TED: Matthew Carter: My life in typefaces - Matthew Carter (2014)

Pick up a book, magazine or screen, and more than likely you'll come across some typography designed by Matthew Carter. In this charming talk, the man behind typefaces such as Verdana, Georgia and Bell Centennial (designed just for phone books -- remember them?), takes us on a spin through a career focused on the very last pixel of each letter of a font.

TED: Jeremy Kasdin: The flower-shaped starshade that might help us detect Earth-like planets - Jeremy Kasdin (2014)

Astronomers believe that every star in the galaxy has a planet, one fifth of which might harbor life. Only we haven't seen any of them -- yet. Jeremy Kasdin and his team are looking to change that with the design and engineering of an extraordinary piece of equipment: a flower petal-shaped "starshade" that allows a telescope to photograph planets from 50,000 kilometers away. It is, he says, the "coolest possible science."

TED: Norman Spack: How I help transgender teens become who they want to be - Norman Spack (2013)

Puberty is an awkward time for just about everybody, but for transgender teens it can be a nightmare, as they grow overnight into bodies they aren't comfortable with. In a heartfelt talk, endocrinologist Norman Spack tells a personal story of how he became one of the few doctors in the US to treat minors with hormone replacement therapy. By staving off the effects of puberty, Spack gives trans teens the time they need. (Filmed at TEDxBeaconStreet.)

TED: Jennifer Senior: For parents, happiness is a very high bar - Jennifer Senior (2014)

The parenting section of the bookstore is overwhelming—it's "a giant, candy-colored monument to our collective panic," as writer Jennifer Senior puts it. Why is parenthood filled with so much anxiety? Because the goal of modern, middle-class parents—to raise happy children—is so elusive. In this honest talk, she offers some kinder and more achievable aims.

© 2014   Created by FohBoh.

Badges  |  Report an Issue  |  Terms of Service